Stonehenge spends $115M on UES apartment tower

An Upper East Side apartment tower has a buyer, but no answers about its future affordability status. The real estate management arm of Swiss bank UBS sold the 32-story, 196-unit RiverEast rental tower at 408 East 92nd Street to Ofer Yardeni’s Stonehenge NYC for $115 million, the Commercial Observer reported. UBS was seeking $120 million to $125 million in a sale. The transaction works out to roughly $587,000 per unit. Stonehenge bought the 194,000-square-foot property