Stonehenge Partners | The Real Deal New York

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Stonehenge Partners

888 Seventh Avenue, 3rd Floor
New York, NY 10106
212 894 7410
Website
gweiss@vno.com
Stonehenge-Partners
Stonehenge Partners
Formed in 1994, Stonehenge Partners' initial concept was to take advantage of New York City’s distressed real estate market, and that approach continues as its philosophy to this day. The firm has roughly 25 buildings, many of which have been kept as mid- to high-end apartment rentals instead of facing condo conversions. While Stonehenge is known for its ability to carve out pricey apartments in undervalued areas—at one time it boasted the most expensive rental unit in Upper Manhattan—the firm has also come under fire. In 2014 it faced a discrimination lawsuit over one of the company’s Upper West Side buildings, which allegedly had barred rent-stabilized tenants from the building’s gym. Stonehenge also faced accusations of negligence when in 2013 one of its tenants fell to her death, which was blamed on loose, outdated railing. Stonehenge has a stable of several pension funds, high net-worth individuals, and investment advisors to fund its real estate forays. Throughout its existence, Stonehenge has had strong investment relationships with several pension funds and advisors, including Canadian investment firm Caisse de depot et placement du Quebec, Invesco Real Estate, and Public Sector Pension Investment Board.  -NR  
Ofer-210W70th-FB
12/24/15
Ofer Yardeni’s Stonehenge Partners secured a $77 million acquisition loan from Signature Bank for a 175,000-square-foot Upper West Side rental building. Tags: ofer yardeni, signature...
210 West 70th
11/24/15
Ofer Yardeni’s Stonehenge Partners is in contract to buy a large Upper West Side rental building known at the Bradford for $135 million, according to...
Ofer Yardeni, 347-351 East 58th Street and 409-421 14th Street
10/27/15
From left: Ofer Yardeni, 347-351 East 58th Street and 409-421 14th Street UPDATED, 3:06 p.m., Oct 28:From a $19 million multifamily deal in Park Slope to...
Ivanhoe
10/21/15
On Tuesday morning, more than a dozen politicians came together with representatives of the Blackstone Group to formally announce the $5.3 billion deal for Stuyvesant Town-Peter...
Amsterdam feature
10/14/15
The Morningside Heights property housing a hospital-to-luxury rental conversion has been sold by St. Luke’s-Roosevelt Hospital Center to Fine Times Inc. for $29.1 million, according...
The-Real-Deal-ClosingFbox
10/08/15
Clockwise, from top left: Amir Korangy and Bill Rudin, Paul Massey and Bob Knakal, Elizabeth Stribling and Jay and Arlene Neveloff, Ofer Yardeni and...
Tel Aviv Stock Exchange ft
07/13/15
What do Allan Gross, Joel Wiener, Boaz Gilad and David Lichtenstein have in common? No, this isn’t the setup to a bad real estate joke....
NYRE Summit ft
06/23/15
The city’s real estate developers and financiers gathered Monday to discuss the Israeli bond market, 421a and other key industry trends at Michael Stoler’s New York Real...
40 East End Ave
06/02/15
David Lichtenstein’s Lightstone Group has acquired a residential rental building at 40 East End Avenue in Yorkville in a $32.5 million all-cash deal. Tags: david...
SittVeghfbox
03/18/15
Joseph Sitt’s Thor Equities Residential just closed on 98 Morningside Avenue, a 48-unit rental building on the corner of West 123rd Street. Thor paid $21.6 million,...
sittthumb
02/02/15
Joseph Sitt’s Thor Equities is in contract to buy a five-story rental property in Central Harlem for $30 million, The Real Deal has learned. Tags: joe sitt, thor equities,...
moveshakersthumb
01/29/15
From the January issue: Matthew Winn is joining Olshan Properties as chief operating officer, Eyal Reggev has been named president of Stonehenge Partners and more people making moves this...
JoeSittCaiolaFbo
01/05/15
UPDATED, 4:18 p.m., Jan. 5: Joseph Sitt’s Thor Equities Residential is in contract for the purchase of the Caiola family’s entire apartment building portfolio for...
levine-mt-sinai
12/16/14
Mount Sinai St. Luke’s last week closed the bidding on four Upper West Side properties that have been sitting largely vacant. The price of the...
YardeniHollidayfbox
12/08/14
UPDATED, 1:01 p.m., Dec. 8: SL Green Realty, the city’s largest commercial landlord, is upping its residential game. The real estate investment trust is buying a stake in...
oferyardeni-thumb
11/07/14
Don’t say developer Ofer Yardeni didn’t warn you. The Stonehenge Partners chief executive says  the residential market is a bubble that’s about to pop.  Tags: High Line,...
JoeSitt840WestEndFbox
09/23/14
UPDATED, 10:30 a.m., September 24: Joseph Sitt’s Thor Equities just picked up a rental building on the Upper West Side for $37.4 million, The Real...
20140821_stonehenge_village_elderly_feature
08/21/14
Tenants of an Upper West Side mixed-income building allege the landlord is discriminating against the elderly by barring low-income residents from using the property’s on-site...
Rabbi Yoshiyahu Yosef Pinto
08/08/14
Devorah Pinto, wife of embattled Rabbi Yosef Yoshiyahu Pinto, reportedly disappeared in Argentina. According to several Israeli media outlets, the woman disappeared from a medical facility...
760-Holliday-FB
07/29/14
SL Green Realty paid $282.4 million for the land under a package of retail and residential buildings that it owns in partnership with Jeff Sutton...
final1080amsterthumb
07/11/14
A new record has been set: $10,500 a month for a penthouse at 1080 Amsterdam Avenue, making it the most expensive rental in the neighborhood. Tags:...
555 Sixth Avenue
07/07/14
FIKA is opening up a new location at West 15th Street and Sixth Avenue. Tags: 101 West 15th Street, 555 sixth avenue, FIKA, Stonehenge ...
7601
06/20/14
The longtime owners of the land under three buildings controlled by SL Green Realty, Jeff Sutton and Stonehenge Partners at Madison Avenue and 65th Street...
hochfelder-5
04/30/14
Adam Hochfelder, the star real estate executive who went to prison in 2010 for bilking lenders and investors out of $18 million, has quietly re-entered...
pinto-FB
04/24/14
An Israeli prosecutor has offered Rabbi Yoshiyahu Pinto, a spiritual adviser to several New York City real estate power players, a plea bargain that would...
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Stonehenge Partners, Co-founder
888 Seventh Avenue, 3rd Floor, New York, NY, 212-977-5000
Joel Seiden has been a fixture in the New York City real estate...
Stonehenge Partners, Chairman & CEO
888 Seventh Avenue, 3rd Floor, New York, NY, 212-977-5000
The ladies led Ofer Yardeni to real estate. He began his career as...
Stonehenge Partners, Director of Leasing
888 Seventh Avenue, 3rd Floor, New York, NY, 212-977-5000
Jason Gohari came onboard as an associate director of leasing at Stonehenge Partners...
  • Event Financing
  • Address 108 West 15th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 44,000
  • Price $ 15,330,000
notes
A $15.33 million first mortgage over a five-year term was provided to refinance the property, at a 5.625 percent interest rate. Stonehenge bought the building in June 1997 for $5.84 million with $2.4 million in equity. The property was first refinanced in 2002 for around $6 million and was again refinanced in 2004 for $11.6 million. 6-story apartment building, 55 units total.
  • Event Sales
  • Address 120 West 86th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 16,000,000
notes
To be known as Stonehenge West
  • Event Sales
  • Building Name Stonehenge West
  • Address 120 West 86th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 28,000,000
  • Price per foot $ 548.00
notes
The 51,072-square-foot elevator building, which has 23 rent-stabilized, four rent-controlled and 20 vacant or free market units, sold for $28 million, or $548 per square foot. The 1031 buyer will continue to operate the property as a high-end rental.
  • Event Sales
  • Address 401 West 56th Street
  • Neighborhood #N/A
  • Borough Manhattan
  • Price $ 37,960,000
notes
The rental building sold for $37.96 million.
  • Event Sales
  • Address 364 West 18th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 33,800,000
notes
The property sold for $33.8 million. The buyer plans to rename the building Stonehenge 18, improve the apartments and reposition the building's retail space, which is currently configured as eight storefronts.
  • Event Sales
  • Address 201 West 11th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 30,000,000
notes
Sold for $30 million; 66 units and 8 stores total. Includes 205 and 207-209 West 11th Street.
  • Event Sales
  • Address 6 West 107th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 8,750,000
  • Price per foot $ 670,000.00
notes
The elevator building sold for $8.75 million. Stonehenge acquired the building in August 1995 for $670,000.
  • Event Sales
  • Address 209 West 102nd Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 5,400,000
  • Publication Date 03/01/2007
  • Event Date 01/20/2007
  • Party 1 209 West 102nd St LLC
  • Party 1 Brokerage Reilly Mann Newell Realty Group
  • Party 1 Broker Jim Mann, Wells Newell
  • Party 2 Stonehenge Partners
  • Party 2 Brokerage Reilly Mann Newell Realty Group
  • Party 2 Broker Jim Mann, Wells Newell
notes
The walk-up building totals 11,900 square feet, including air rights. It sold for $5.4 million, which represents a capitalization rate of 4.0, a gross rent multiple of 13.0 and a per square foot price of $452. Twelve of the units are free market.
  • Event Sales
  • Address 555 Sixth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 180,000
  • Price $ 67,340,000
  • Publication Date 09/01/2010
  • Event Date 07/23/2010
  • Party 1 St. Vincent's Hospital
  • Party 2 Stonehenge Partners, SITQ
notes
The sale of the building closed for $67.34 million. The buyers had won the property in an auction in June, which followed the bankruptcy of St. Vincent's Hospital in April.
  • Event Sales
  • Address 1143 Second Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 85,000
  • Price $ 47,000,000
  • Publication Date 11/01/2011
  • Event Date 09/22/2011
  • Party 1 KFJ Realty
  • Party 2 Stonehenge Partners
notes
The property sold for $47 million. The building contains 52 studios and 41 one-bedrooms, and has about 10,000 square feet of ground-floor commercial space. The building has 77,000 square feet of development rights.
  • Event Sales
  • Address 20 Park Avenue
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 200,000,000
notes
Platinum Portfolio sold for less than $200 million; likely to stay rental. Includes 41 Park Avenue, 10 Downing Street and 167 East 82nd Street.
  • Event Sales
  • Building Name 142-144 Greene Street
  • Address 142 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 27,250,000
  • Price per foot $ 1,090.00
notes
The building, which once housed the Ford Modeling Agency, sold for $27.25 million, or $1,090 per square foot. British clothier Sir Paul Smith plans to use the building as a 5,000-square-foot flagship store with offices above.
  • Event Sales
  • Address 1199 First Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 195,000
  • Price $ 126,000,000
  • Publication Date 03/01/2008
  • Event Date 01/21/2008
  • Party 1 Broadway Management Co.
  • Party 2 Stonehenge Partners
notes
The property sold for $126 million. The building has 159 residential units and 13,500 square feet of retail space. Stores include LensCrafters, Duane Reade, Ricky's and Maya Restaurant. The buyer will rename the tower Stonehenge 65th and renovate its lobby and hallways.
  • Event Sales
  • Address 1026 First Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 290,480
  • Price $ 109,000,000
notes
The 290,480 sf property sold for $109 million.
  • Event Sales
  • Address 360 East 65th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 130,000,000
notes
The Upper East Side residential property sold for close to $130 million. It will be renamed Stonehenge 65 and renovated to a luxury rental building.
  • Event Sales
  • Address 330 East 63rd Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 90,000
  • Price $ 39,000,000
notes
The 93-unit rental building sold for $39 million. The buyer intends to renovate the apartments: 37 studios, 42 one-bedrooms and 14-two bedrooms that average more than 750 square feet. The majority are rent-stabilized.
  • Event Sales
  • Building Name 347, 349 and 351 East 58th Street
  • Address 351 East 58th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 10,000,000
notes
The properties went into contract for just over $10 million. The buildings will be renovated and run as residential rentals.
  • Event Sales
  • Building Name 8 Gramercy Park Southand 141 East 33rd Street
  • Address 141 East 33rd Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 180,000
  • Price $ 83,000,000
notes
The properties sold for $83 million. The rental building at 141 East 33rd Street has 120 apartments, one office space and a 6,000-square-foot retail space; 8 Gramercy Park South has 55 apartments and three office spaces, and features 60,000 square feet of additional air rights.
  • Event Sales
  • Address 753 Amsterdam Avenue
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 520,000
  • Price $ 115,000,000
notes
Dubbed Stonehenge Village. Includes 120-160 West 97th Street, 135 West 96th Street.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2,500
  • Publication Date 07/01/2012
  • Event Date 05/22/2012
  • Party 1 Stonehenge Partners
  • Party 1 Brokerage New York Commercial Real Estate Services
  • Party 1 Broker Ken Brandman, Abe Bichoupan
  • Party 2 Green Apple Group
  • Party 2 Brokerage New York Commercial Real Estate Services
  • Party 2 Broker Ken Brandman, Abe Bichoupan
notes
The restaurant signed a lease.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 850
notes
The eyewear retailer signed a lease.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 3,000
notes
The steakhouse signed a lease.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 3,070
notes
The bank signed a lease for another location.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 629
notes
The restaurant inked an expansion lease for 14 years and four months. The reported asking rent was $150 per square foot.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 819
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Stonehenge Partners
  • Party 1 Brokerage Sinvin Real Estate
  • Party 1 Broker Christopher Owles, Kristin McCann
  • Party 2 Motorcycle Federation
  • Party 2 Brokerage European-American Properties
  • Party 2 Broker Josh Gunsberger
notes
The fashion retailer inked a 10-year lease. The reported asking rent was $175 per square foot.
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