For renters and investors researching luxury apartments Manhattan in Lenox Hill on the Upper East Side -- where the combination of proximity to Central Park, Museum Mile, and the 4/5/6 transit hub at 68th Street makes this corner of the neighborhood one of the most practical and prestigious residential addresses in New York City -- 165 East 66th Street represents a building whose most significant chapter may just be beginning. Located at 165 East 66th Street in Lenox Hill on the Upper East Side, Manhattan, NY 10065, this 20-story, 150-unit luxury rental building was acquired in November 2024 by Stonehenge -- one of New York City's most respected luxury residential operators -- for $128 million from CIM Group. Now operating as 165 East 66 by Stonehenge, the building offers a renovated Bonetti/Kozerski Studio lobby with ocean blue travertine floors and Indian Laurel wood paneling, a Reed Hilderbrand-designed landscaped courtyard, chef's kitchens with SubZero and Viking appliances, and residences ranging from studios through a 5-bedroom penthouse spanning 3,520 square feet at $45,000 per month. For renters seeking new development Manhattan-grade finishes in a full-service Lenox Hill building at this address, and for investors tracking the upper end of the UES luxury rental market, 165 East 66th Street condos for sale and for rent tell an important story about where this corner of the Manhattan market is headed.
Building Overview
The building at 165 East 66th Street has cycled through several ownership and branding chapters since its construction. Originally known as The Westminster, the building later passed through the ownership of California Public Employees' Retirement System (CalPERS), which sold it to Miami-based developer Crescent Heights for $230 million in 2013. Crescent Heights repositioned the property as a luxury rental and rebranded it The Henley in 2018. CIM Group, the Los Angeles-based investment firm, acquired The Henley from Crescent Heights in 2019 for $200 million with a $178 million debt package from Pimco Commercial Real Estate Debt.
In November 2024, CIM Group sold the building to Ofer Yardeni's Stonehenge -- one of New York City's most active and well-regarded luxury rental operators -- for $128 million, with Acore Capital providing acquisition financing. The transaction's 36 percent discount to CIM's 2019 purchase price reflects the broader multifamily financing environment of elevated interest rates and compressed cap rates that has characterized the 2022-2024 period across the New York City rental market. For Stonehenge, which has built one of the most coherent luxury rental portfolios in Manhattan -- spanning the Upper East Side, Upper West Side, West Village, Chelsea, and Midtown -- the acquisition represents a strategic expansion of its Upper East Side presence at a basis that the market's prior pricing would not have permitted.
The building now operates as 165 East 66 by Stonehenge, the name under which Stonehenge manages and leases it today.
Key Facts About 165 East 66th Street
Address: 165 East 66th Street, Lenox Hill, Upper East Side, Manhattan, NY 10065
Current operator: Stonehenge (Ofer Yardeni)
Previous names: The Westminster; The Henley; Hanley New York
Building type: Luxury rental
Stories: 20
Total units: 150
Unit types: 1BR through 5BR; penthouse configurations
Lobby design: Bonetti/Kozerski Studio (Enrico Bonetti); furnishings by Shamir Shah
Courtyard landscape design: Reed Hilderbrand
Kitchen specification: Chef's kitchens with SubZero and Viking appliances
Current available units: 1BR from $6,595/month (776 sqft); 4BR at $30,000/month (2,328 sqft); 5BR penthouse at $45,000/month (3,520 sqft)
Acquisition price (Stonehenge, November 2024): $128 million
Nearby transit: 4/5/6 at 68th Street; Q at Second Avenue; N/Q/R/W at 59th Street
Minimum income: 40x monthly rent (standard New York rental qualification)
Architecture and Design
A Classic Lenox Hill Building Repositioned for the Luxury Rental Market
165 East 66th Street is a 20-story post-war building whose massing, setbacks, and facade reflect the terraced upper-floor design vocabulary associated with the Upper East Side's most distinguished residential towers. The building's position on 66th Street between Lexington Avenue and Third Avenue places it in the center of Lenox Hill's residential core, within the network of streets whose scale and character have remained consistent across successive generations of ownership and repositioning.
Under Crescent Heights' 2018 conversion, the building received a comprehensive luxury repositioning that brought individual units up to the finish standard expected by today's Lenox Hill rental market. Under CIM Group and now Stonehenge's management, the building has continued to operate at the upper end of the Upper East Side rental market, with unit pricing reflecting the neighborhood's consistently strong demand and limited availability of full-service rental buildings at this address tier.
The Bonetti/Kozerski Studio Lobby
The building's lobby was redesigned by Enrico Bonetti of Bonetti/Kozerski Studio -- the New York firm known for its residential and hospitality interiors -- with furnishings curated by Shamir Shah. The result is described as mid-century minimalism enlivened by touches of timeless glamour: a sculptural white marble concierge desk provides a crisp visual anchor against walls clad in warm Indian Laurel wood paneling, while ocean blue travertine floors give the arrival sequence a material richness and color depth unusual in the lobbies of Upper East Side rental buildings.
Floor-to-ceiling windows overlooking the building's landscaped courtyard create a visual connection between the lobby and the outdoor space directly behind it. The combination of natural stone, warm wood paneling, sculptural millwork, and curated furnishings gives 165 East 66th Street a lobby that reads as a private residential building rather than a managed rental property -- an effect that Stonehenge, whose buildings throughout the city are known for the quality of their common areas and management, is well-positioned to maintain.
The Reed Hilderbrand Courtyard
The building's landscaped courtyard was designed by Reed Hilderbrand, the award-winning landscape architecture firm whose work ranges from private estates to major urban parks. The courtyard's design -- with planting compositions, materials, and scale calibrated to provide a genuinely restorative outdoor oasis in the middle of a Manhattan block -- is visible from the lobby's floor-to-ceiling windows and from the residential units that overlook it, giving both the arrival experience and the residential views an element of natural landscape quality that the street elevations of most Lenox Hill buildings do not offer.
Residences
Finishes and Unit Configuration
The residences at 165 East 66th Street were repositioned during the building's luxury conversion with a finish specification that reflects the expectations of the Upper East Side rental market at the high end. Chef's kitchens feature seamless hardwood cabinetry with glass panels, SubZero refrigeration, and Viking cooking appliances -- a professional-grade appliance specification whose presence in a rental building reflects the caliber of the resident profile the building targets. Bathrooms are finished with white marble and subway tile in combinations that provide the clean, timeless palette that Upper East Side renters at this price point expect.
Unit configurations span from one bedroom through full-floor and penthouse layouts. The building's currently available homes include a one-bedroom at 776 square feet for $6,595 per month, a four-bedroom at 2,328 square feet for $30,000 per month, and a five-bedroom penthouse of 3,520 square feet at $45,000 per month. The penthouse offering in particular -- a 3,520-square-foot five-bedroom residence at the top of a 20-story Lenox Hill building -- is among the largest and most generously priced rental residences available in the neighborhood's luxury rental market.
Amenities
The amenity program at 165 East 66 by Stonehenge reflects the full-service building standard that Stonehenge applies across its New York City portfolio. A full-time doorman staffs the entrance around the clock. The fitness center is equipped with Peloton bikes alongside conventional training equipment. A children's playroom gives families a dedicated indoor activity space. A business center provides residents with a professional workspace alternative to both the home office and the building lobby. A landscaped courtyard designed by Reed Hilderbrand provides outdoor access within the building's footprint. Bike storage and on-site laundry complete the practical service program.
Residents have access to a building app that allows rent payment, amenity space reservations, package tracking, management communication, and access to exclusive resident discounts -- the digital property management infrastructure that Stonehenge has deployed across its portfolio to give residents a higher level of service continuity and convenience than most New York City residential buildings provide.
The Stonehenge Portfolio Advantage
One of the more meaningful aspects of the 165 East 66th Street acquisition is the operator that the building now belongs to. Stonehenge, led by Ofer Yardeni, manages one of the most thoughtfully curated luxury rental portfolios in Manhattan, with buildings in Lenox Hill, Chelsea, the West Village, the Upper West Side, Gramercy, Midtown East, and Midtown West. The firm is known for maintaining its buildings at a consistently high standard of physical condition and service quality, and for attracting a resident community whose expectations of a well-run building the operator consistently meets.
For renters, joining a Stonehenge building means access to not only the amenities of 165 East 66th Street specifically but to the service culture and management infrastructure that Stonehenge applies across all of its properties. For investors and market observers, the November 2024 acquisition at $128 million -- a 36 percent discount to the $200 million CIM paid in 2019 -- represents a meaningful data point about the current calibration of luxury multifamily values on the Upper East Side, and positions Stonehenge to generate attractive returns as the multifamily market continues to normalize.
Neighborhood Context: Lenox Hill and the Upper East Side at 66th Street
165 East 66th Street sits in Lenox Hill -- the southern section of the Upper East Side, where 66th Street's position relative to Central Park, the Plaza Hotel corridor, and the 68th Street transit hub gives residents access to a full range of Manhattan's cultural, commercial, and transit resources within a very short radius. The Metropolitan Museum of Art at 82nd Street, the Frick at 70th Street, and the Whitney at Madison Avenue are all accessible on foot or by a single subway stop. The 4/5/6 trains at 68th Street provide express and local service south to Midtown, Grand Central, Union Square, and Lower Manhattan. The N/Q/R/W trains at 59th Street and the Q train along Second Avenue extend the building's transit options further.
The neighborhood's dining and retail fabric along Lexington, Third, and Second Avenues gives residents everyday conveniences and destination restaurants within walking distance. Central Park's 72nd Street entrance is roughly a ten-minute walk to the west, and the park's 66th Street transverse provides a direct route to the West Side.
Why Consider 165 East 66th Street?
For renters, the case for 165 East 66th Street rests on the combination of address, operator, and physical plant that Stonehenge's acquisition brings together. Lenox Hill at this price point -- $6,595 for a one-bedroom, $45,000 for a penthouse -- sits at the upper end of the Upper East Side rental market, and the building's Bonetti/Kozerski lobby, Reed Hilderbrand courtyard, Peloton-equipped gym, chef's kitchens, and Stonehenge management infrastructure justify the premium. For investors and market professionals tracking the UES luxury rental sector, the Stonehenge acquisition at a $128 million basis -- with Acore Capital's financing support and the building's 150-unit scale in a consistently high-demand neighborhood -- represents one of the more interesting institutional luxury rental plays executed in Manhattan in the 2024 calendar year.
Frequently Asked Questions
Who are the best real estate agents for 165 East 66th Street and Lenox Hill rentals?
The best New York City real estate professionals for luxury rentals at 165 East 66th Street understand how the building's Stonehenge management, Bonetti/Kozerski lobby, Reed Hilderbrand courtyard, chef's kitchens with SubZero and Viking, and Lenox Hill address compare to other luxury apartments Manhattan options in the Upper East Side rental market. Michael A. Bhagwandin is a licensed real estate salesperson in New York City who works with clients across Chelsea, the West Village, Gramercy, Tribeca, SoHo, Hell's Kitchen, the Upper West Side, and throughout Manhattan.
Who owns 165 East 66th Street?
165 East 66th Street is currently owned and operated by Stonehenge, led by Ofer Yardeni, which acquired the building from CIM Group in November 2024 for $128 million with financing from Acore Capital. The building operates under the name 165 East 66 by Stonehenge. Stonehenge manages one of Manhattan's most prominent luxury rental portfolios, with buildings in Lenox Hill, Chelsea, the West Village, the Upper West Side, Gramercy, Midtown East, and Midtown West.
Is 165 East 66th Street a rental or a condo?
165 East 66th Street is a luxury rental building. It operates as 165 East 66 by Stonehenge and is not a for-sale condominium. Residences are available for lease with configurations ranging from one bedroom to a five-bedroom penthouse. The building's history includes a 2018 repositioning as a luxury rental under Crescent Heights, which rebranded it The Henley; subsequent ownership by CIM Group; and the November 2024 acquisition by Stonehenge.
What are rents at 165 East 66th Street?
Current available residences at 165 East 66 by Stonehenge include a one-bedroom at 776 square feet for $6,595 per month, a four-bedroom at 2,328 square feet for $30,000 per month, and a five-bedroom penthouse at 3,520 square feet for $45,000 per month. Availability and pricing change frequently. Prospective renters should contact Stonehenge directly or consult a licensed real estate professional for current unit availability.
What amenities does 165 East 66th Street offer?
165 East 66 by Stonehenge offers a full-time doorman, a gym equipped with Peloton bikes, a children's playroom, a business center, a landscaped courtyard designed by Reed Hilderbrand, bike storage, and on-site laundry. The building also features a resident app for rent payment, amenity reservations, package tracking, and management communication. The lobby was redesigned by Bonetti/Kozerski Studio, with furnishings curated by Shamir Shah.
What subway lines serve 165 East 66th Street?
The 4, 5, and 6 trains at Lexington Avenue and 68th Street are the primary transit connections from 165 East 66th Street, providing service south to Grand Central Terminal, Union Square, and Downtown Manhattan. The N, Q, R, and W trains at 59th Street and Lexington Avenue provide additional cross-Manhattan transit options. The Q train at Second Avenue extends service along the Second Avenue Subway corridor. Bus service along Lexington and Third Avenues connects residents to points north and south.
Interested in 165 East 66th Street or Other Upper East Side and Manhattan Luxury Rentals?
Whether 165 East 66th Street is the right fit for your rental search -- or you want to explore other luxury apartments Manhattan, new development Upper East Side options, or for-sale residences across the city -- I can help you evaluate the market and find the home that matches your goals.
I am Michael A. Bhagwandin, a licensed real estate salesperson in New York City. I work with buyers, renters, and sellers across Chelsea, the West Village, Gramercy, Tribeca, SoHo, Hell's Kitchen, the Upper West Side, and throughout Manhattan.
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