Stonehedge Partners is looking to sell a Midtown rental building it developed in 1989.
Ofer Yardeni’s Firm Is Marketing The Ritz Plaza at 235 West 48th Street. The 479-unit, 475,200-square-foot building features amenities including an indoor pool, a lounge, a fitness center and a rooftop deck. The property is home to La Masseria, an Italian restaurant.
The US General Services Administration also leases 20,000 square feet of office space there, the New York Post reported.
Studios at the building go for around $3,050 per month for a studio and $5,995 per month for a two-bedroom.
The property is among Stonehedge’s most recently built. The firm moved its own offices out of the building in 2008, relocating to 888 Seventh Avenue. The Company Refinanced The Ritz Plaza via a $150 million loan back in 2011.
Douglas Harmon and Adam Spies of Eastdil Secured are marketing the property. [NYP, second item] – Ariel Stulberg