917-362-1485
225 E 46th St, New York, NY for Sale
Apartments - FOR SALE
1/21
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225 E 46th St
New York, NY 10017
Midtown East


HIGHLIGHTS

  • 81% Free market
  • Sponsor’s rights and board seats
  • Value-add opportunity
  • Business plan flexibility for rentals or individual condo sales
  • Major employers, schools, and medical institutions located nearby
  • Live-work-play location

OVERVIEW

Avison Young has been engaged by ownership as the exclusive agent to sell fifty-two (52) unsold residential condominium units located within the Executive House at 225 East 46th Street (the “Property”). The offering includes forty-two (42) fair market units (81% of the portfolio), totaling 24,893 SF, and ten (10) rent-stabilized units (19% of the portfolio), totaling 4,546 SF. The unit mix includes thirteen (13) studio units, eighteen (18) alcove studio units, nineteen (19) one-bedroom units, one (1) two-bedroom two-bathroom penthouse unit with a large private terrace, and one (1) combined two-bedroom two-bathroom unit. The offering includes sponsor’s rights and condo board seats.

FOR SALE DETAILS

PRICE

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# OF UNITS

52

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

13

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R10

APN/PARCEL ID

1320-1601,1320-1672,1320-1680

ASK ABOUT THIS PROPERTY

James NelsonAvison YoungMore Info
917-362-1485

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James NelsonAvison YoungMore Info
917-362-1485

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