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Stonehenge Management

New York property management firm

Overview

Stonehenge Management is a real estate owner and property-management company focused on New York City apartments. The company manages residential buildings, leasing, resident service, maintenance, renovations, and property operations. It serves renters, residents, brokers, vendors, and real estate partners. Its operating model centers on vertically coordinated leasing, building operations, maintenance, and resident-experience teams. Teams work across property management, leasing, maintenance, construction, finance, marketing, and resident service. Its work connects residential real estate expertise with coordinated delivery for New York renters and residents.

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About Stonehenge Management

Simplify's Rating
Why Stonehenge Management is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Company Size

N/A

Company Stage

N/A

Total Funding

N/A

Headquarters

New York City, New York

Founded

1994

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Simplify's Take

What believers are saying

  • Stonehenge promoted Bashir Elmegaryaf and Evan Silver in April 2026, signaling growth.
  • JPMorgan refinanced 20 Park Avenue for $33.2 million in April 2026.
  • Stonehenge’s 2024 Carlyle partnership validates institutional appetite for its Upper East Side deals.

What critics are saying

  • RiverEast’s 421a rent-stabilization expires in 2026, inviting tenant turnover fights and political backlash.
  • A 2026 Manhattan eviction lawsuit against Stonehenge-managed housing damages landlord-brand trust.
  • Manhattan cap rates and refinancing dependence create debt rollover pressure if JPMorgan shuts the window.

What makes Stonehenge Management unique

  • Ofer Yardeni built a vertically integrated Manhattan multifamily platform with Macquarie backing.
  • Stonehenge manages 27 Manhattan properties and 3,300-plus apartments as of September 2026.
  • The firm targets prime Upper East Side rentals, including The Henley and RiverEast.

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Company News

PR Newswire
Oct 13th, 2026
Stonehenge NYC promotes Adam Grushko to President.

Stonehenge NYC promotes Adam Grushko to President. Oct 13, 2026, 08:00 ET NEW YORK, Oct. 13, 2026/PRNewswire/ - Stonehenge NYC today announced the promotion of Adam Grushko to President, recognizing an established leader whose operational expertise, leadership, and deep knowledge of the firm's portfolio have helped build and strengthen Stonehenge's fully integrated New York City multifamily platform. The appointment comes as Stonehenge continues to expand its presence across the New York City multifamily market. As President, Mr. Grushko will oversee Stonehenge NYC's operations across 30 buildings containing over 4 million square feet, including more than 3,700 apartments, 5,000 tenants, 300,000 square feet of commercial, retail, and garages. He will continue to lead the teams responsible for the day-to-day operations for the portfolio, including property management, leasing, marketing, construction, capital improvements, compliance, human resources, and resident services, helping drive property performance and day-to-day execution throughout the portfolio. "Adam is an essential part of Stonehenge and over his 15 plus years with the firm, has developed a deep understanding of our properties, residents, teams, and operating model," said Ofer Yardeni, Chairman and Chief Executive Officer of Stonehenge. "He has been instrumental in building and leading the team across our portfolio. His promotion recognizes both the breadth of his contributions and the important role he will continue to play as we grow the platform and create value through operational excellence." Since joining Stonehenge in 2011, Mr. Grushko has assumed increasingly expansive responsibilities across the firm's operations. He oversees integral value creation initiatives ranging from apartment renovations and major building improvements to leasing performance and revenue management. His leadership has helped advance operating efficiency, expense discipline, resident satisfaction, risk management, and the successful execution of asset-level business plans throughout the portfolio. "Stonehenge's strength comes from the experience of our people and the close collaboration across every part of the organization," said Mr. Grushko. "I am honored to lead Stonehenge NYC and look forward to continuing to work with the dedicated professionals throughout Stonehenge NYC to enhance the resident experience, improve operational performance, and execute on the initiatives that support our long-term objectives." About Stonehenge NYC Founded by Ofer Yardeni in the early 1990s, Stonehenge NYC is integral to the integrated real estate investment platform, managing across 30 buildings, more than 3,700 apartments, 5,000 tenants, 300,000 square feet of commercial, retail, and garages and over 4 million square feet in some of New York City's most distinctive neighborhoods. Drawing on decades of local experience, the team oversees leasing, marketing, property management, construction, capital improvements, and resident services, combining hands-on operational expertise with a long-term commitment to creating exceptional living environments. Through the integration of these capabilities, Stonehenge NYC enhances the resident experience, supports property performance, and helps execute the business plans that drive long-term value creation across Stonehenge's investment portfolio. The company's people-first culture, operational excellence, and deep knowledge of the New York City multifamily market have made Stonehenge a recognized leader in apartment living throughout the city. Stonehenge NYC creates More Than a Place to Live by providing exceptional homes, thoughtful service, and opportunities for connection. Through welcoming shared spaces, thoughtfully curated events, and engagement with the surrounding community, Stonehenge brings people together and enriches everyday life. For residents and employees alike, Stonehenge strives to be a place to call home. SOURCE Stonehenge NYC

Connect CRE
Oct 8th, 2026
New York People and Company news, week of oct. 9, 2026.

New York People and Company news, week of oct. 9, 2026. * Cozen O'Connor has added to its real estate practice with the hiring of leasing attorney Russell G. Wohl. Wohl comes to the firm from Skadden, Arps, Slate, Meagher & Flom LLP and brings decades of experience representing major landlords and tenants throughout New York City. He will chair Cozen O'Connor's Real Estate Leasing practice and be based in the New York City office. * Stonehenge NYC has promoted Mark Shepelskiy to CFO. Since joining Stonehenge in 2008, Shepelskiy has assumed progressively senior responsibilities across the firm's finance and accounting functions, most recently serving as chief accounting officer. * Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, has launched a dedicated private credit advisory practice, further expanding its capital markets platform. The new offering provides middle-market companies with tailored debt financing solutions and specialized credit expertise. To lead the practice, CCM has appointed Daniel Sheriff as managing director, head of private credit and Christian Watson as director of private credit. * Huntsman Architectural Group has hired Susanne Fox as senior interior designer. Based in the firm's New York City office, Fox will support projects nationally across the firm's three locations - San Francisco, Chicago and New York City. * CohnReznick, a leading professional services firm, announced that Youmna Assad has joined the firm as an assurance partner in its commercial real estate practice. Assad has more than 20 years of public accounting experience, with focus on the real estate and investment funds industries. * Conversant Capital LLC, an opportunistic real estate investment firm headquartered in Summit, NJ, closed its inaugural private investment fund, Conversant Private Investment Fund, with $845 million in equity capital commitments. This includes approximately $705 million in equity capital commitments raised for the commingled fund, exceeding its original target of $500 million by more than 40%, with the remainder raised for dedicated co-investment vehicles. * AppWork, a maintenance management platform used by multifamily operators nationwide, formed a partnership with Rely, an AI-powered due diligence platform for multifamily real estate. The integration connects AppWork's inspection data directly with Rely's audit reports, giving property teams, buyers, and lenders one accurate picture of every asset without piecing it together from thousands of separate documents, the two companies said. * | People

Hoodline
Nov 13th, 2024
Stonehenge NYC Expands Upper East Side Portfolio with $128M Acquisition of The Hanley Luxury Building

CIM Group sold the property to Stonehenge NYC, a real estate company with a sizeable footprint in the area.

Commercial Observer
Apr 20th, 2023
Stonehenge NYC Lands $80M for UES Apartment Building Purchase – Commercial Observer

Stonehenge NYC has scored about $80 million in acquisition financing for its purchase of the 32-story Upper East Side apartment tower at 408 East 92nd Street, according to a source with knowledge of the deal.

The Real Deal
Jan 25th, 2023
Stonehenge Pays $115M for UES Apartment Tower

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.

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