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408 East 92nd Street

Updated Sep 11, 2026

SOLDMultiFamily

Stonehenge NYC Acquires Multifamily Property In New York City For $115M

408 East 92nd Street

$115,000,000

$592/SF

Building Size

194,212 SF

Asset Type

MultiFamily

Closing

Jan 23, 2023

About this deal

AI

The multifamily property located at 408 East 92nd Street in New York City was recently sold in a closed transaction. The sale was facilitated by Gary Phillips, Will Silverman, and Daniel Parker of Eastdil Secured.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Sale Price: $115,000,000
  • Number of Units: 196
  • Price per Unit: $586,735
  • Square Footage: 194,212
  • Price per Square Foot: $592

Stonehenge NYC, represented by Ofer Yardeni, purchased the property from UBS. The deal was successfully closed with a sale price of $115,000,000. The multifamily property features a total of 196 units, with a price per unit of $586,735. Additionally, the property spans across 194,212 square feet, resulting in a price per square foot of $592.

On the Map

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$115,000,000

$592/SF

MultiFamily

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Players

Daniel Parker

Broker

$2.4B

vol

21 deals

Broker
Eastdil Secured Savills
Eastdil Secured SavillsBrokerage
Ofer Yardeni

Ofer Yardeni

Stonehenge NYC

Buyer

$1B

vol

12 deals

Buyer
UBS
UBSLender
Bilt advertisement

New York City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $592 per square foot on a published $115M for 194,212 square feet (2023).

Visit Will Silverman to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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