Stonehenge Partners Closes on $135M Upper East Side Residential Purchase

The 68-unit residential building at 920 Park Avenue has a new owner, following the $135 million, or roughly $1.985 million per unit sale to Stonehenge Partners. Located in the Upper East Side on the corner of East 80th Street, the 1960s-era rental property is just over 80 percent market-rate. The sale which is one of the few large multifamily transactions in recent weeks delivers a hopeful indication that the market may be starting to pick up the pace of sales.