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920 Park Avenue, Manhattan,...

Updated Oct 29, 2024

StonehengeNYC Acquires Multifamily Property On Upper East Side For $135M
SOLDMultiFamily

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

The deal was facilitated by brokers Bob Knakal, Rob Hinckley, Jeff Julien, Steven Rutman, and Jonathan Hageman LL.

Players

Jeffrey Julien

JLL

Broker

$9.9B

vol

60 deals

Broker
SN
Stonehenge NYCBuyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $867 per square foot on a published $135M for 155,544 square feet (2021).

Visit Robert (Bob) Knakal to view all their deals.

Browse New York multifamily sales on Traded.

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

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