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140 West 46th Street

Patrick & Michael McNamee Acquire Mixed-Use Property In Manhattan For $7,500,000
SOLDMixed-use

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:

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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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