Updated Sep 15, 2026
StonehengeNYC And Stockbridge Acquire The Cole Multifamily In Upper East Side For $128.2M
354 East 91st Street, New York City, New York 10128, United States
$128,200,000
$779/SF
Building Size
164,394 SF
Asset Type
MultiFamily
Closing
Jan 31, 2022
About this deal
AI
The Cole at 354 East 91st Street, a multifamily property located in the Upper East Side neighborhood of Manhattan, has been sold for a price of $128,200,000. The transaction took place on February 1, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $128,200,000
- Address: The Cole at 354 East 91st Street
- Market: Upper East Side, Manhattan
The buyer of the property is StonehengeNYC and Stockbridge, while the seller is Carmel Partners. The deal was facilitated by Hodges Ward Elliott, acting as the broker in the transaction.
The Cole features a total of 163 units, with each unit having an average price per unit of $786,503. The property spans a total square footage of 124,242, resulting in an average price per square foot of $1,032.
On the Map
$128,200,000
$779/SF
MultiFamily
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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
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93