Stonehenge, Alex Rodriguez, Modlin Group pay $66M to London family for Midtown East rental property

Ofer Yardeni’s Stonehenge NYC, Alex Rodriguez’s A-Rod Corp., and Adam Modlin’s Modlin Group through the entity Sp 340 E 51 Owner LLC paid London family’s 340 East 51 Owners Co., L.P. $66.2 million for 340 East 51st Street in Midtown East. The deal closed on February 20, 2020, and was recorded on February 27, 2020. The transaction consists of 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 114 residential units. The property is 88,658 square feet.
The sale price per unit is $581,123.

Alex Rodriguez and Adam Modlin partnered with Stonehenge to buy the building.
The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 114 residential units on September 25, 2012.
Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $241,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link