Stonehenge NYC signs $37M refi with JPMorgan Chase for 150-unit rental in Upper West Side

Stonehenge NYC through the entity Cadim Stonehenge L.L.C. as borrower signed a refi loan with lender JPMorgan Chase valued at $37 million for the 150-unit residential elevator building (D6) at 210 West 89th Street in Upper West Side, Manhattan.
The deal closed on October 1, 2025 and was recorded on October 16, 2025. The prior lender was Flagstar Bank which held debt that had an original loan amount of $38 million.The property has 133,934 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $276 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Stonehenge NYC was Richard Cohen . The signatory for JPMorgan Chase was David Arza .

Prior sales and revenue

The 133,934-square-foot property generated revenue of $5.9 million or $44 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 150 residential units in Upper West Side has 133,934 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 144 feet and is 201 feet deep with a total lot size of 18,000 square feet. The lot is irregular. The zoning is R8 which allows for up to 6.02 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $21.3 million. The property has 47 rent regulated units according to city tax records from 2023.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $100 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of eight of the 10 commercial properties representing 515,568 square feet of the 575,516 square feet. The largest owner is Stonehenge Nyc, followed by Weinreb Management and then Richard Eisenberg.
There are no active new building construction projects on this tax block.

The majority, or 82 percent of the 575,516 square feet of built space are elevator buildings, with walkup buildings next occupying 10 percent of the space.

The borrower

The PincusCo database currently indicates that Stonehenge NYC owned at least 26 commercial properties with 3,150 residential units in New York City with 3,219,335 square feet and a city-determined market value of $793.3 million. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 98 percent of the 3,219,335 square feet of built space are elevator properties, with walkup properties next occupying 2 percent of the space. The bulk, or 88 percent of the built space, is in Manhattan, with Queens next at 12 percent of the space.

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