Updated Oct 29, 2024
StonehengeNYC Acquires Multifamily Property On Upper East Side For $135M
920 Park Avenue, Manhattan, New York, NY, USA
$135,000,000
$867/SF
Building Size
155,544 SF
Asset Type
MultiFamily
Closing
Apr 29, 2021
About this deal
AI
The multifamily property at 920 Park Avenue in the Upper East Side has been sold for $135,000,000. The property, consisting of 68 units with a total square footage of 155,544, was purchased by StonehengeNYC ferYardeni. The price per unit was approximately $1,985,294, and the price per square foot was $867.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $135,000,000
- Address: 920 Park Avenue
- Market: Upper East Side
- Buyer: StonehengeNYC ferYardeni
- Brokers: Bob Knakal, Rob Hinckley, Jeff Julien, Steven Rutman, Jonathan Hageman LL
- Units: 68
- Price Per Unit: $1,985,294
- Square Footage: 155,544
- Price Per Square Foot: $867
The deal was facilitated by brokers Bob Knakal, Rob Hinckley, Jeff Julien, Steven Rutman, and Jonathan Hageman LL.
Players
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
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93