Richard Cohen

(Richard A. Cohen)

Stonehenge NYC

Owner

Stonehenge NYC portfolio

$872.1 million* – elevator 89.0%, condo 9.0%; Manhattan 89.0%, Queens 10.0%

68th largest portfolio by dollar value

3,474,932 sqft – elevator 91.0%, condo 7.0%;

83th largest by SF

29 properties – Manhattan 96%, Queens 3%

343th largest

3,303 residential units – Manhattan 88.0%, Queens 11.0%

54th largest by residential units

0 foreclosures, 0 bankruptcies, 1 other court case.

Person Activity past 24 months:

Buyer signatory: 1 for $114 million

Borrower signatory: 2 for $104.3 million

Developer (new building or major alteration): 139.0 for 113,380 square feet

Top Ten Associated People:

Paul Kesicki (4), Ben Rieder (1), Richard Herman (1), Jonathan Wiener (1), Yoseph Manor (1), Thomas Pierandri (1), Raphael Fishbach (1), Robert Ross (1), Andrea Karp (1)

Recent activity as company:

Stonehenge NYC and A-Rod Corp. borrowed $43.5 million from Ares Management for 340 East 51st Street, Turtle Bay, Manhattan on January 08, 2025.

Stonehenge NYC and Carlyle Group borrowed $60.8 million from Mesa West Capital for 408 East 92nd Street, 1764 1st Avenue, 1762 1st Avenue, 1758 1st Avenue, 1760 1st Avenue, and others, Yorkville, Manhattan on April 24, 2023.

UBS Realty Investors sold 408 East 92nd Street, Yorkville, Manhattan for $114 million to Stonehenge NYC and Carlyle Group on April 24, 2023.

Heller Realty sold 772 Greenwich Street, West Village, Manhattan for $80.4 million to Stonehenge NYC on August 29, 2022.

Stonehenge NYC borrowed $85.6 million from TD Bank for 555 Avenue Of The Amer, Chelsea, Manhattan on July 22, 2022.

Stonehenge NYC borrowed $16 million from TD Bank for 112 9th Avenue, Chelsea, Manhattan on July 20, 2022.

Stonehenge NYC borrowed $22.7 million from TD Bank for 245 Park Avenue South, Gramercy, Manhattan on July 19, 2022.

Stonehenge NYC borrowed $24.3 million from TD Bank for 1143 2nd Avenue, Lenox Hill, Manhattan on July 19, 2022.

Naftali Group sold 1045 Madison Avenue, Carnegie Hill, Manhattan for $22 million to company on June 23, 2022.

Richard Cohen sold 2440 Webb Avenue, Fordham Manor, Bronx for $2.2 million to Park Avenue South Management on June 16, 2022.

Latest Stories:

• Wells Fargo files $23M pre-foreclosure at Garment District retail (April 04, 2024)

• Carlyle Group joins Stonehenge to pay $114M to UBS for 196-unit rental in Yorkville (April 24, 2023)

• Stonehenge NYC pays $80.4M to Heller Realty for residential elevator in West Village (August 30, 2022)

• Stonehenge signs $85.6M loan with TD Bank for 163-unit rental in Chelsea (July 25, 2022)

• Chestnut Holdings pays $4.4M to Buckingham Properties for residential walkup in Fordham Heights (April 20, 2022)

• Chestnut Holdings pays $3.4M to Buckingham Properties for 22-unit walkup in Belmont (April 05, 2022)

• Heller Realty borrows $37M from Signature Bank for multifamily property in West Village (June 25, 2020)

• Slate Property Group borrows $11M from Signature Bank for property in Yorkville (March 05, 2020)

• Stonehenge, Alex Rodriguez, Modlin Group pay $66M to London family for Midtown East rental property (February 28, 2020)

• Stonehenge, A-Rod Corp., borrow $24M from Heitman LLC for acquisition of Midtown East rental building (February 28, 2020)

Court Records:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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