Home News Stonehenge Partners Buys West Village Multifamily for $80 Million

Stonehenge Partners Buys West Village Multifamily for $80 Million

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Stonehenge CEO Ofer Yardeni with 780 Greenwich Village (Getty Images, Google Maps)

Ofer Yardeni’s Stonehenge Partners West Village apartment $80.4 million. The price will be $914,000 for each of the 88 units in the building.

Three investors affiliated with Heller Realty have sold a six-story, 70,000-square-foot building at 780 Greenwich Street in an off-market transaction that closed on August 17, according to real estate records. did.

Yardeni said in a statement that the building “represents a true trophy property as it is one of the few rental buildings in the village with over 75 large flats.” Stonehenge plans to update the building’s apartments and their facilities.

A Heller affiliate purchased the building, built in 1949, for $46.5 million in two transactions in 2017 and 2018. The units in the building have been updated to include Carrara marble countertops, according to StreetEasy’s listing.

Listed at $6,850, the approximately 500-square-foot one-bedroom apartment is the newest unit to lease in the building.

Representatives for Stonehenge and Heller Realty did not immediately respond to requests for comment.

The multi-family market is poised to turn a profit as rising borrowing rates drive some would-be buyers to rent. Rents are consistently hitting new records. Still, according to Gaia Real Estate’s Danny Fishman, only a handful of companies are actively buying multifamily homes in New York City.

In addition to Stonehenge being an active player in the multifamily market, Gaia recently purchased a multifamily building in Williamsburg, Brooklyn. for $80 million. Also, Hub NYC When Meadow Partners Recently acquired multifamily homes in Williamsburg and East Village.

Earlier this year, Stonehenge partnered with San Francisco-based investor Stockbridge Capital Group to acquire a 163-unit rental building at 354 East 91st Street from Carmel Partners. just under $130 millionAnd I bought 68 white brick apartments. 920 Park Avenue At $135 million in April 2021.

Stonehenge also owns 10 Downing Street, 115 homes just one block from what is now West Village, which it purchased in 2005 for $47 million. The company currently owns 27 residential apartments with more than 3,300 rental units and 150,000 square feet of retail and office space, according to the company.

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