L+M partners with Domain, Vorea on $88M LIC development site rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
Stonehenge CEO Ofer Yardeni and 920 Park Avenue (Google Maps, Stonehenge)
Spring is here for New York City’s multifamily market, and the latest green shoot is a $135 million deal on the Upper East Side.
Ofer Yardeni’s Stonehenge Partners has closed on the purchase of a 68-unit, white-brick apartment building at 920 Park Avenue, sources familiar with the sale told
The Real Deal.
The purchase price works out to nearly $2 million per unit for the 1960s-era building at the corner of East 80th Street, one of the few rental buildings on that particularly tony stretch of Park Avenue. A little more than 80 percent of the building’s units are market-rate.