Stonehenge NYC Buys 88-Unit West Village Asset
The firm has acquired a 70,000-SF multifamily property at 780 Greenwich St. and it plans to implement unit and amenity upgrades.
NEW YORK, NY – Vertically-integrated, private real estate company Stonehenge NYC has purchased an 88-unit, 70,000-square-foot multifamily property located at 780 Greenwich St. in Manhattan in an off-market deal.
Situated between Bank St. and Bethune St. in the West Village, the six-story property spans a full 148-foot blockfront. The doorman building, built in 1950, offers duplex units and is pet friendly.
As the building’s manager, Stonehenge NYC will upgrade the property’s units and amenities. The firm plans to utilize its technology platform and implement lifestyle offerings so that residents are able to electronically sign leases and use a tenant app.
“We are excited to expand Stonehenge’s presence in the West Village,” states Ofer Yardeni, Chairman and CEO of Stonehenge NYC. “780 Greenwich St. represents a true trophy asset as it is one of the few rental buildings in the Village with more than 75 large apartments.”
Yardeni adds, “I am pleased to say that with this off-market acquisition, Stonehenge NYC now manages two of these rare assets, the other being 10 Downing Street, located just blocks away. We look forward to providing a first-class experience to the residents of 780 Greenwich.”
Stonehenge NYC sourced the off-market deal and led the underwriting and due diligence for the acquisition. The firm’s portfolio now includes 27 buildings.