Updated May 12, 2025
Stonehenge Partners Secures $81M Loan For Multifamily Property At 408 E 92nd St - RiverEast In New York
408 East 92nd Street
$81,000,000
$417/SF
Building Size
194,212 SF
Asset Type
MultiFamily
Closing
Apr 19, 2023
About this deal
AI
The asset involved in this transaction is a multifamily property located at 408 E 92nd St - RiverEast in New York. This property encompasses a total square footage of 194,212 and consists of 196 units. The transaction includes a loan amount of $81,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $81,000,000
- Address: 408 E 92nd St - RiverEast
- Market: New York
- Asset Size: 194,212 SF
- Units: 196
- Borrower: Stonehenge Partners - Ofer Yardeni
- Lender: Mesa West
- Broker Representatives: Grant Frankel & Ethan Pond - Eastdil Secured
Ofer Yardeni represents the borrower, Stonehenge Partners. The deal was facilitated through the efforts of Grant Frankel and Ethan Pond from Eastdil Secured, who acted as the broker representatives in this transaction.
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93