Office User Building 154-156 East 46th Street in Midtown East, Manhattan for $7,840,000

Successful Sale of 154-156 East 46th Street in Midtown East, Manhattan

Bob Knakal and his team successfully closed the sale of 154-156 East 46th Street, an office building in Midtown East, Manhattan. The transaction, which took place on May 4, 1989, resulted in a sale price of $7,840,000. The buyer, Austin Nichols & Co., sought a prime office space in a highly accessible location, making this property an ideal fit.

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Sale Details

The sale of 154-156 East 46th Street represented a valuable opportunity in the Midtown East office market. The 18,810-square-foot building was positioned for a user-buyer seeking a centrally located office space with strong transportation access. Bob Knakal’s expertise ensured the transaction was structured to meet the needs of both parties, resulting in a favorable outcome.

Sale Price: $7,840,000
Asset Class: Office, User
Sale Date: May 4, 1989
Building Size: 18,810 SF
Price Per SF: $700.00
Neighborhood: Midtown East, Manhattan

Property Details

154-156 East 46th Street is a well-positioned office building in the heart of Midtown East, known for its accessibility and proximity to key business hubs. The property’s location made it an attractive choice for the buyer, who sought a space suited for office operations.

Full Address: 154-156 East 46th Street, New York, NY 10017
Zoning: Office, User
Building Size: 18,810 SF
Stories: N/A

Market Strategy and Leverage

Bob Knakal’s approach to this transaction focused on identifying a user-buyer who would benefit from the building’s location and layout. By targeting companies in need of office space in Midtown East, the property attracted interest from multiple parties. The competitive nature of the area’s office market contributed to a successful sale at a strong price per square foot.

Neighborhood Overview

Midtown East Appeal: A prime office district with high demand for user-owned properties.
Proximity to Transit: Steps from Grand Central Terminal, offering unmatched accessibility.
Surrounding Business Environment: Home to corporate headquarters, law firms, and financial institutions.

Conclusion

The sale of 154-156 East 46th Street highlights Bob Knakal’s ability to navigate the office market and secure strong results for sellers. Through a targeted approach, Bob and his team identified the right buyer, ensuring a seamless transaction for this Midtown East office asset.