StonehengeNYC And Stockbridge Acquire The Cole Multifamily In Upper East Side For $128.2M

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.