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165 East 66th Street

Ofer Yardeni Of Stonehenge Lands $121.5 Million Acquisition Loan For Multifamily Asset In Lenox Hill
FINANCEDMultiFamily

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

Ethan Pond

Eastdil Secured

Broker

$13.3B

vol

28 deals

Broker
Acore Capital
Acore CapitalLender

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