Stonehenge Partners obtained financing of $38M from NEW YORK COMMUNITY BANK

Stonehenge Partners through the entity CADIM STONEHENGE L.L.C. as borrower signed a loan agreement with lender NEW YORK COMMUNITY BANK valued at $38.0 million for 1 parcel, including the tax class multifamily, fireproof – with stores (D6) and containing 150 residential units at 210 West 89 Street in Upper West Side. The deal closed on June 27, 2019 and was recorded on July 12, 2019.
The property contains a total of 133,934 square feet of built space.
The average loan per unit is $253,333.

Over the past five years, there have been 17 NYC Department of Buildings permit applications filed for this parcel. There were 17 renovation/alteration projects (A2) applied for with a total estimated value of $1,374,870.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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