Updated Apr 16, 2026
Ofer Yardeni Of Stonehenge NYC Secures $39.8M Refinance Loan From J.P. Morgan Chase At 41 Park Avenue
41 Park Avenue
$39,800,000
$345/SF
Building Size
115,221 SF
Asset Type
MultiFamily
Closing
Apr 9, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 41 Park Avenue in the Grand Central area of Manhattan. The total square footage of the asset is 115,221, and it consists of 113 residential units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $39,800,000
- Lender: J.P. Morgan Chase
- Landlord: Ofer Yardeni - Stonehenge NYC
- Loan Type: Refinance
- Prior Loan Amount: $40,500,000
- Prior Lender: Flagstar Bank
The refinancing transaction was executed by Stonehenge NYC’s SP 41 Park LLC, with the involvement of J.P. Morgan Chase as the lending institution. Ofer Yardeni, representing Stonehenge NYC, is notably associated with the transaction as the landlord of the property.
On the Map
$39,800,000
$345/SF
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Ofer Yardeni to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93