Ofer Yardeni Of Stonehenge Acquires Multifamily Asset At 165 East 66th Street For $128M
165 East 66th Street
$128,000,000
$446/SF
Building Size
286,755 SF
Asset Type
MultiFamily
Closing
Nov 1, 2024
AI
The asset involved in the transaction is a multifamily property located at 165 East 66th Street in the Lenox Hill neighborhood of Manhattan. The sale price for this property was $128,000,000, encompassing 150 residential units. The property has a total square footage of 200,676, leading to a price per unit of $853,333 and a price per square foot of $638.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $128,000,000
- Units: 150
- Square Footage: 200,676
- Price Per Unit: $853,333
- Price Per Square Foot: $638
- Buyer: Ofer Yardeni - Stonehenge
- Seller: CIM Group
- Seller's Representatives: Gary Phillips, William Silverman & Daniel Parker - Eastdil Secured
Key individuals involved in the transaction include Ofer Yardeni representing the buyer, Stonehenge, and the seller, CIM Group, represented by Gary Phillips, William Silverman, and Daniel Parker from Eastdil Secured. Their roles were instrumental in facilitating this notable real estate transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93