225 East 46th Street

New York, NY

View Offering Memorandum

Property Flyer

225 East 46th Street Flyer

Overview

Summary

  • Asking Price Inquire for Pricing
  • Stories 13
  • Total Units 52
  • Total Size 29,439 SF

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.

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

Team

James Nelson

James Nelson

Principal, Head of U.S. Investment Sales
Avison Young - US - NY - New York
917 362 1485
Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109
Mitchell Levine

Mitchell Levine

Director
Avison Young - US - NY - New York
646 554 5239
Lea Voytovich

Lea Voytovich

Associate
Avison Young
212 729 3019