Ofer Yardeni Of Stonehenge Lands $121.5 Million Acquisition Loan For Multifamily Asset In Lenox Hill
165 East 66th Street
$121,500,000
$605/SF
Building Size
200,676 SF
Asset Type
MultiFamily
Closing
Nov 1, 2024
AI
The property involved in this transaction is located at 165 East 66th Street in the Lenox Hill market. It is a multifamily asset encompassing a total square footage of 200,676 and consists of 150 units. The acquisition loan amount agreed upon for this property is $121,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $121,500,000
- Address: 165 East 66th Street
- Market: Lenox Hill
- Asset Size: 200,676 SF
- Units: 150
- Lender: ACORE
- Lender's Representatives: Tony Fineman & Eric Ramirez
- Landlord: Ofer Yardeni - Stonehenge
- Brokerage: Eastdil Secured
- Broker's Representatives: Grant Frankel & Ethan Pond
This transaction features prominent individuals and companies, including lender representatives Tony Fineman and Eric Ramirez from ACORE, and landlord Ofer Yardeni from Stonehenge. The broker representatives involved in this deal are Grant Frankel and Ethan Pond from Eastdil Secured.
Players
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93