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

When it was formed in 1994, Stonehenge Partners' 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accusations of negligence when in 2013 one of its tenants fell to her death, an incident that was blamed on loose, outdated railing.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 the Public Sector Pension Investment Board.


08/10/18
...name at least. During a panel last year, Stonehenge Partners CEO Ofer Yardeni offered up a biting appraisal of the product: “If you are...

...name at least. During a panel last year, Stonehenge Partners CEO Ofer Yardeni offered up a biting appraisal of the product: “If you are...

07/18/18
...and you live in , you are a loser,” Stonehenge Partners CEO Ofer Yardeni declared at a panel on the city’s multifamily market in...

04/05/18
...Ofer Yardeni and 10 Downing Street Ofer Yardeni's Stonehenge Partners refinanced three of its luxury rental buildings in Manhattan, with a total of $132.2 million...

04/02/18
...Side’s Manhattan Valley neighborhood. Ofer Yardeni’s Stonehenge Partners, in partnership with SL Green Realty and Ivanhoe Cambridge, have owned the complex since...

03/02/18
...joint-partnership of Ivanhoe Cambridge, SL Green Realty and Stonehenge Partners, according to Crain’s. The owners had instituted a controversial policy banning rent-stabilized tenants...

02/27/18
...real estate investment trust and Ofer Yardeni’s Stonehenge Partners had agreed to sell the six-story, 54-unit property to a then-unidentified buyer. The 56,700-square-foot...

02/12/18
...moving its store from 69 West 14th Street to Stonehenge Partners’ 555 Sixth Avenue, according to Crain’s. The new space will be roughly 1,300 square feet...

01/24/18
...Holliday and 1274 Fifth Avenue SL Green Realty and Stonehenge Partners agreed to sell 1274 Fifth Avenue, which was once home to the late New York...

12/06/17
...company was very excited. Also spotted: Jeff Sutton; Stonehenge Partners’ Ofer Yardeni; REBNY’s Jim Whelan and soon-to-be REBNY chair Bill Rudin; Kushner Companies'...

07/10/17
...you live in , you are a loser," the Stonehenge Partners CEO said. "I’m sorry, but if you live with 10 people and you share...

...and you live in , you are a loser,” Stonehenge Partners CEO Ofer Yardeni declared at a panel on the city’s multifamily market in...

06/28/17
...time. Ofer Yardeni, CEO of multifamily investment firm Stonehenge Partners, put it this way: "If real estate was a publicly traded company and I...

05/03/17
...more than 10 years handling acquisitions at Ofer Yardeni's Stonehenge Partners. Silverpeak, a Midtown-based investment firm founded by former Lehman Brothers executives in 2010, has acquired...

04/12/17
...Sixth Avenue (Credit: ODA) Stonehenge Partners secured $92 million in financing for its building at 555 Sixth Avenue. TD Bank is the...

02/21/17
...do you go with your girlfriend?” So said Stonehenge Partners’ Ofer Yardeni at a multifamily panel last week, taking on companies such as WeWork...

02/15/17
...you live in , you are a loser,” the Stonehenge Partners CEO said to riotous laughter Wednesday morning during a panel discussion on the city...

01/25/17
...Green bought the 36-story, roughly 493,000-square-foot tower from Stonehenge Partners for $386 million in 2013. JLL's Aaron Appel, Jonathan Schwartz, Michael Diaz and Mark Fisher brokered...

01/09/17
...Fishman, who joined Thor from Ofer Yardeni’s Stonehenge Partners in 2013, were hired to launch the residential division at Thor and specialized in one-off...

12/09/16
...Realty Group's annual holiday bash Thursday. Attendees included Stonehenge Partners...

12/07/16
...Frank's Dan Gronich. Attendees included Ofer Yardeni of Stonehenge Partners; Murray Hill Properties' Norman Sturner; Related Companies’ Jeff Blau; JDS Development Group’s Michael...

11/18/16
...at 235 West 48th Street from Ofer Yardeni’s Stonehenge Partners, just prior to signing a hard contract, according to multiple sources familiar with the...

10/19/16
...in the residential and commercial portfolio owned by Stonehenge Partners, which included 2,800 rental apartments and 43,000 square feet. But SL Green’s ownership in Stonehenge...

...murmurings of a slowdown as early as 2014, when Stonehenge Partners’ Ofer Yardeni said the condo market on 57th Street had “stopped.” Despite a handful...

06/15/16
...stage with JDS Development’s Michael Stern and Stonehenge Partners’ Eyal Reggev to talk about New York’s luxury market, but instead spent most...
Stonehenge Partners, Business Development Officer
888 Seventh Avenue, New York, NY, (212) 977-5000
Brian Belkin is the Business Development Officer at Stonehenge Partners, a residential and...
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 10 Downing Street
  • Neighborhood Greenwich Village
  • Borough Manhattan
  • Square feet 118,467
  • Price $ 132,200,000
notes
The owner secured a $132.2 million refinancing loan for the Greenwich Village property.
  • Event Sales
  • Address 160 West 97th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 503,511
  • Price $ 287,000,000
  • Publication Date 04/02/2018
  • Event Date 04/02/2018
  • Party 1 Stonehenge Partners, SL Green Realty, Ivanhoe Cambridge
  • Party 1 Brokerage Rosewood Realty Group, Eastdil Secured
  • Party 1 Broker Aaron Jungreis
  • Party 2 A&E Real Estate Holdings
notes
The buyer acquired the Upper West Side protfolio for $287 million.
  • Event Financing
  • Address 210 West 70th Street
  • Neighborhood Lincoln Square
  • Borough Manhattan
  • Square feet 175,000
  • Price $ 77,000,000
notes
A $77 million acquisition loan was arranged for the rental building.
  • Event Sales
  • Address 347 East 58th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 16,100,000
notes
The three-building portfolio, which includes 349-351 East 58th Street, sold for $16.1 million.
  • Event Retail Leasing
  • Address 1143 Second Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 800
notes
The bakeshop signed a long-term lease.
  • 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 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 Sales
  • Address 364 West 18th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 57,000
  • Price $ 33,800,000
  • Price per foot $ 592.98
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 1026 First Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 290,480
  • Price $ 109,000,000
  • Price per foot $ 375.24
notes
The 290,480 sf property sold for $109 million.
  • Event Sales
  • Address 1143 Second Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 85,000
  • Price $ 47,000,000
  • Price per foot $ 552.94
  • 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 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
  • Publication Date 10/01/2011
  • Event Date 08/22/2011
  • Party 1 Stonehenge Partners
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Amira Yunis, Jared Lack
  • Party 2 Emigrant Bank
  • Party 2 Brokerage Milstein Brothers Real Estate
  • Party 2 Broker Gere Ricker
notes
The bank signed a lease for another location.
  • Event Sales
  • Address 401 West 56th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 37,960,000
notes
The rental building sold for $37.96 million.
  • Event Retail Leasing
  • Address 141 East 33rd Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 6,000
  • Publication Date 11/01/2010
  • Event Date 09/22/2010
  • Party 1 Stonehenge Partners
  • Party 2 NYU Hospitals Center
notes
The medical center leased retail space. It will be used as an ambulatory imaging center.
  • Event Sales
  • Address 555 Sixth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 180,000
  • Price $ 67,340,000
  • Price per foot $ 374.11
  • 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 Retail Leasing
  • Address 103 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,958
notes
The organic burger chain signed a lease for its first Manhattan location. The eatery, which has an additional 1,200 square feet in the basement, is slated for a May 2010 opening.
  • 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 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.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2,500
  • Publication Date 05/01/2008
  • Event Date 03/22/2008
  • Party 1 Stonehenge Partners
  • Party 2 Silvano Marchetto
notes
The Italian restaurateur inked a 15-year lease. The reported asking rent was $150 per square foot.
  • Event Retail Leasing
  • Address 10 Downing Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 2,700
notes
The restaurant signed a lease for a 2,500-square-foot ground-level space and 200 square feet of lower-level storage space.
  • Event Office Leasing
  • Address 888 Seventh Avenue
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 15,744
  • Price per foot $ 80.00
notes
The real estate firm signed a lease to expand its offices from the Ritz Plaza at 235 West 48th Street.
  • Event Sales
  • Address 8 Gramercy Park S and 141 East 33rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 83,000,000
  • 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
  • Price per foot $ 461.11
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.
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