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225 East 46th Street

James Nelson Ryan McGuirl Mitchell Levine Lea Voytovich Of Avison Young Represent Seller In $18M Midtown East Package Deal
SOLDPackage Deal

James Nelson Ryan McGuirl Mitchell Levine Lea Voytovich Of Avison Young Represent Seller In $18M Midtown East Package Deal

225 East 46th Street

$18,000,000

$611/SF

Building Size

29,439 SF

Asset Type

Package Deal

Closing

Sep 17, 2025

AI

The property involved in this transaction is a package deal located at 225 East 46th Street in the Midtown East market. The asset consists of a bulk condo sale comprising 52 units, with a total sale price of $18,000,000. The space encompasses approximately 29,439 square feet, translating to a price per square foot of $611.

Summary of transaction details:

This transaction was facilitated by The Cheshire Group, with Susan Hewitt and Jenifer Steig acting as owner's representatives and advisors to the sale. Their involvement highlights the collaborative effort behind this bulk condo sale transaction.

Players

James Nelson

Avison Young

Broker

$2B

vol

87 deals

Broker
Avison Young
Avison YoungBrokerage

New York Package Deal Market Snapshot

Boundary boundary · Package Deal · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93