Patrick & Michael McNamee Acquire Mixed-Use Property In Manhattan For $7,500,000
140 West 46th Street & 142 West 46th Street
$7,500,000
$295/SF
Building Size
25,350 SF
Asset Type
Mixed-use
Closing
Apr 28, 2026
AI
The mixed-use property located at 140 West 46th Street and 142 West 46th Street in Manhattan has been sold for $7,500,000. The total square footage of the asset is 12,675, resulting in a price per square foot of $591.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Buyer: Patrick & Michael McNamee
- Seller: Rifat Kodza
- Brokers: Matt Fotis, Colton Traynham & Michael Weinstein - Marcus & Millichap
The transaction involved key participants, with Matt Fotis, Colton Traynham, and Michael Weinstein representing the interests of the brokers in this deal through Marcus & Millichap. The agreement was finalized on April 29, 2026.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93