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165 East 66th Street

Ofer Yardeni Of Stonehenge Acquires Multifamily Asset At 165 East 66th Street For $128M
SOLDMultiFamily

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

Daniel Parker

Broker

$2.4B

vol

21 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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