Updated Oct 20, 2025
Ofer Yardeni Of Stonehenge NYC Secures $37 Million Refinance Loan From J.P. Morgan Chase
210 West 89th Street
$37,000,000
Units
150
Asset Type
MultiFamily
Closing
Oct 1, 2025
About this deal
AI
A multifamily residential building located at 210 West 89th Street in the Upper West Side of Manhattan has 150 units. This property was refinanced with a significant loan. The asset's financial details involve a noteworthy refinancing arrangement.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $37,000,000
- Lender: J.P. Morgan Chase
- Landlord: Ofer Yardeni - StonehengeNYC
- Loan Type: Refinance
Ofer Yardeni represents StonehengeNYC in this refinancing transaction. J.P. Morgan Chase provided the loan for the residential asset, reflecting the active role of major financial institutions in supporting multifamily developments in Manhattan.
On the Map
$37,000,000
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93