Updated Sep 11, 2026
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.
Players
New York City 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93