698 West End Avenue
This is a stabilized multifamily acquisition on the Upper West Side of Manhattan, a historically liquid and demand-resilient submarket, at a reasonable $459 per square foot relative to recent comparable sales ranging from $374 to $513 per square foot. The embedded calculator signals a DSCR of 0.94x at assumed financing terms, indicating the deal does not currently cover debt service on a conventional loan structure, which is a meaningful underwriting concern that warrants scrutiny of the financing terms and rent roll growth assumptions. The buyer, Benchmark Real Estate Group led by Jordan Vogel, is a credible and experienced NYC multifamily operator with over $262M in closed transaction volume, reducing execution and asset management risk. The absence of any distress indicators — no liens, foreclosure, litigation, or defaults — and a clean seller disposition support a favorable deal process assessment. Overall, the deal presents moderate risk with a compelling asset and sponsor profile, but the sub-1.0x DSCR at current pricing requires lender caution around leverage levels and interest rate assumptions.
Deal Stats
Parties
Seller / Landlord
Steven Stein
Steven Stein appears to be a private multifamily owner operating in the Manhattan market; limited public profile data is available, but the clean transaction with an institutional-grade buyer suggests an orderly disposition without distress.
Buyer / Tenant
Jordan Vogel - Benchmark Real Estate Group
Jordan Vogel is a co-founder of Benchmark Real Estate Group, a well-regarded NYC-focused multifamily investor and operator with a strong track record of value-add acquisitions across Manhattan and the outer boroughs. The Traded.co profile shows 11 closed deals totaling $262.1M in volume, reflecting a seasoned and active presence in the NYC multifamily market.
Score Analysis
How to improve
The following actions could meaningfully improve this deal's Homage score. Each suggestion is based on the deal's profile, asset type, and current rating — addressing them before approaching a lender can increase approval likelihood and lower borrowing costs.
Strengthen sponsor track record documentation
Prior deal history and project completions directly improve track record score.
Clarify transaction structure
A clearly documented deal structure reduces perceived risk.
Provide updated rent roll or income documentation
Verified cash flow data improves confidence in asset performance.
Raw Deal Textclick to expand
Submit Growing Financial Partnerships For Over 30 Years. Get Started Deals New York Multifamily Sale 698 West End Avenue Daily limit: 10/10 Jordan Vogel Of Benchmark Real Estate Group Purchases 91,494 SF Multifamily At 698 West End Avenue For $42M SOLD $42,000,000 MultiFamily 91,494 SF Sold 3 weeks ago the deal players comps contact related Summary NEW YORK Asset Type: Price Per Square Foot: $459 Total Square Footage: Transaction Type: The transaction involved a multifamily property located at 698 West End Avenue in Manhattan's Upper West Side. The property has a total square footage of 91,494 and was sold for $42 million, which translates to approximately $459 per square foot. Summary of transaction details: Property Type: MultiFamily Transaction Amount: $42,000,000 Square Footage: 91,494 Price per Square Foot: $459 Buyer: Jordan Vogel - Benchmark Real Estate Group Seller: Steven Stein Date of Transaction: 05/10/2026 Market: Upper West Side, Manhattan Jordan Vogel, representing Benchmark Real Estate Group, played a key role in the acquisition of the property from seller Steven Stein. This successful deal highlights the involvement of established entities in the Manhattan real estate market. See More Players All Buyers | Sellers Jordan Vogel 11 deals $262.1M volume BUYER Details Deal Summary IMAGE: Jordan Vogel DATE: 05/10/2026 ADDRESS: 698 West End Avenue MARKET: Upper West Side, Manhattan ASSET TYPE: MultiFamily BUYER: Jordan Vogel - Benchmark Real Estate Group SELLER: Steven Stein SALE PRICE: $42,000,000 SF: 91,494 - PPSF: $459 NOTE: Benchmark Real Estate Group, led by Jordan Vogel, has purchased a 91,494-square-foot multifamily property at 698 West End Avenue in Manhattan's Upper West Side for $42 million. The transaction with seller Steven Stein calculates to a price of approximately $459 per square foot. Email New York | @tradedny Contact Get in touch with the broker you want Name Phone (optional) Message I'm an agent These are similar buyers of MultiFamily properties in this price rang Unlock All Profiles Unlimited deal views Access investor profiles & contacts Exclusive comps & market data These are similar brokers based on this deal Top Markets for Multifamily Investment Report Fall 2025 Download Report Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map. NEW! Search No recent news available for this market No active listings available for this market Suggestions Analyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results. Deal Type SALE LOAN LEASE Purchase Price Loan-to-Value (%) Interest Rate (%) Amortization Period 30 years Loan Term 10 years Operating Income Gross Potential Rent (Annual) Vacancy Rate (%) Operating Expenses (Annual) Property Tax Insurance Maintenance Utilities Management Reserves Reset Net Operating Income (NOI) $2,239,999.99 Debt Service Coverage Ratio (DSCR) 0.94x DSCR below 1.0x - deal does not cover debt service Cap Rate 5.33% Cash Flow (Annual) -$149,217.14 Cash-on-Cash Return -1.27% Monthly Debt Service $199,101.43 Annual Debt Service $2,389,217.13 Is there something missing? Send suggestions We are telling CRE's story Traded is the #1 source for cutting edge CRE transactions & insights. States National Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming News Agents Agencies About About Us FAQ Testimonials Help Help Center Return Policy © 2026 Traded Media LLC . All rights reserved. Terms & Conditions Privacy Disclaimer Cookie Policy Do Not Sell My Info Acceptable Use Sign in to view more deals Create a free account or sign in to continue viewing deals. Forgot password? Continue OR Google Outlook New to Traded? Sign up