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:
- Property Type: Package Deal
- Transaction Amount: $18,000,000
- Address: 225 East 46th Street
- Market: Midtown East
- Square Footage: 29,439
- Price per Square Foot: $611
- Seller's Representatives: James Nelson, Ryan McGuirl, Mitchell Levine & Lea Voytovich - Avison Young
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
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