236 East 46 Street
Grand Central, Manhattan
Parcel ID (BBL): 1013190034
Owner: Sage Hall Partners
Acquired: April 26, 2023, $100 million
Debt: January 06, 2025, $35 million
Built: 1986
SF: 82,829
Dwelling units: 95
No. of buildings: 1
Class: extended stay/suite: amenities similar to apt; typically charge weekly rates & less expensive than full-service hotel (HS)
Floors: 20
Legacy BBLs: 1013190036
Transactions:
• Company sold 234 East 46th Street, 234 East 46th Street, 234 East 46th Street, 234 East 46th Street, 234 East 46th Street, and others, Grand Central, Manhattan for $0 to company on May 02, 2025.
• Sage Hall Partners borrowed $35 million from Citizens Bank for 234 East 46th Street, Grand Central, Manhattan on January 06, 2025.
• Shorewood Real Estate Group and Prodigy Network sold 234 East 46th Street, Grand Central, Manhattan for $100 million to Sage Hall Partners on April 26, 2023.
• Sage Hall Partners on February 15, 2023 bought a loan with an original principal of $81 million from Canadian Imperial Bank of Commerce, signed by Todd Roth, secured by 234 East 46th Street, Grand Central, Manhattan, when owned by Shorewood Real Estate Group|Prodigy Network.
Development:
• David Kronman filed plans for alteration in Grand Central, Manhattan, on October 10, 2024.
• David Kronman filed plans for alteration in Grand Central, Manhattan, on October 01, 2024.
• David Kronman filed plans for alteration in Grand Central, Manhattan, on May 13, 2024.
• David Kronman filed plans for SC in Grand Central, Manhattan, on March 18, 2024.
• David Kronman filed plans for alteration in Grand Central, Manhattan, on November 08, 2023.
Litigation:
• Canadian Imperial Bank of Commerce filed a $81 million pre-foreclosure 850006/2021 on February 08, 2021, against AKA, Prodigy Network and Shorewood Real Estate at 234 East 46 Street.
Violations:
According to city public data, the properties have received $500 in ECB penalties and $1,500 in OATH penalties in the last year.