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234 East 46th Street, New Y...

Updated Mar 11, 2025

Sage Hall Partners Acquires Note In Grand Central, Manhattan For $81M
SOLDOther

Sage Hall Partners Acquires Note In Grand Central, Manhattan For $81M

234 East 46th Street, New York City, New York 10017, United States

$81,000,000

Building Size

Asset Type

Other

Closing

Feb 14, 2023

About this deal

AI

The property involved in this transaction is a Note located at 234 East 46th Street in the Grand Central neighborhood of Manhattan. The sale took place on February 14, 2023. The buyer, Sage Hall Partners represented by Jeffrey Fields, purchased the Note from the Canadian Imperial Bank of Commerce for a total price of $81,000,000.

Summary of transaction details

  • Property Type: Note
  • Transaction Amount: $81,000,000
  • Address: 234 East 46th Street
  • Market: Grand Central, Manhattan
  • Buyer: Sage Hall Partners - Jeffrey Fields
  • Seller: Canadian Imperial Bank of Commerce

This transaction highlights the involvement of Sage Hall Partners represented by Jeffrey Fields as the buyer. On the other side of the deal, the Canadian Imperial Bank of Commerce acted as the seller.

Players

Canadian Imperial Bank of Commerce
Canadian Imperial Bank of CommerceSeller
Canadian Imperial Bank of Commerce
Canadian Imperial Bank of CommerceLender

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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