THE CONDO BOOK PROJECT

234 East 46th Street Condominium

234 East 46th Street, Manhattan, NY 10017

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Overview

Units
95 residential
Subway
6 min walk to Grand Central-42 St 4 5 6 7 SLexington Av/51-53 Sts 6 E F M, 8 min
Developers
Korman Communities, Prodigy Capital Group, Prodigy Network, Shorewood Real Estate Group LLC
Principals
S. Lawrence Davis, Bradley J. Korman, Lawrence M. Korman, Rodrigo Niño
Average $/sf
$2,299Homes in Schedule A, as first offered
Common charges
$2,718–$3,166 a monthSponsor's first-year estimate in Schedule A, September 1, 2015 - August 31, 2016
Offering price
$110.1 million total $137.6 million when first offered

The sponsor of record is 234 East 46th Street Property Owner LLC, represented by Kramer Levin Naftalis & Frankel LLP. The offering plan runs 472 pages. The sponsor has filed 15 amendments, the latest in December 2025. The nearest other condo plan on file is 845 Second Avenue Condominium, next door.

Plan CD150044 · New · accepted Aug 18, 2015 · AG record ↗

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FigureThis building1200 East 21st267 units · 1.2 miaccepted 2017Seymour349 units · 1.4 miaccepted 2014
Common ChargesPer Square Foot / Month$4.76Highest$1.01$1.17
Average Offering PricePer Apartment$1.45MLowest$3.1M$2.36M
Average PricePer Square Foot$2,299Above peers$2,247$1,908
Property TaxesPer Square Foot / Month$1.42In line$1.89$1.29
Average Unit SizeSquare Feet630 SFSmallest1,379 SF1,239 SF

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Unit mix, closings, budgets, finishes and the team, against 200 East 21st and Seymour, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed49% of the homes in Schedule A47 of 95
Closing prices vs. Schedule A47 homes: $51,988,496 at closing against $67,994,000 in Schedule A (p. 59, p. 60)−23.5%
Average closing price47 homes, on their Schedule A square feet$1,724 / SF
Closingsfirst and latest recordedMay 9, 2025 – Aug 17, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 47 closings
HomeRecordedClosing priceSchedule ADifference
1503May 9, 2025$1,198,000$1,518,000 p. 60−21.1%
203May 29, 2025$911,334$1,398,000 p. 59−34.8%
1102May 30, 2025$1,195,000$1,466,000 p. 59−18.5%
1502Jun 5, 2025$1,272,813$1,508,000 p. 60−15.6%
903Jun 9, 2025$1,105,000$1,472,000 p. 59−24.9%
2002Jun 10, 2025$1,360,000$1,552,000 p. 60−12.4%
902Jun 11, 2025$1,110,000$1,458,000 p. 59−23.9%
1103Jun 11, 2025$1,155,000$1,479,000 p. 60−21.9%
803Jun 12, 2025$1,080,000$1,469,000 p. 59−26.5%
702Jun 16, 2025$1,080,000$1,449,000 p. 59−25.5%
405Jun 18, 2025$920,000$1,361,000 p. 59−32.4%
1003Jun 20, 2025$1,110,000$1,476,000 p. 59−24.8%
1702Jun 20, 2025$1,240,000$1,516,000 p. 60−18.2%
304Jun 23, 2025$970,000$1,370,000 p. 59−29.2%
802Jun 30, 2025$1,085,000$1,453,000 p. 59−25.3%
403Jul 2, 2025$995,000$1,435,000 p. 59−30.7%
1002Jul 2, 2025$1,170,500$1,462,000 p. 59−19.9%
1802Jul 3, 2025$1,310,000$1,521,000 p. 60−13.9%
1703Jul 7, 2025$1,200,000$1,525,000 p. 60−21.3%
603Jul 8, 2025$1,050,000$1,444,000 p. 59−27.3%
1203Jul 8, 2025$1,201,535$1,482,000 p. 60−18.9%
1603Jul 14, 2025$1,260,000$1,521,000 p. 60−17.2%
1602Jul 24, 2025$1,323,929$1,512,000 p. 60−12.4%
303Jul 29, 2025$925,000$1,403,000 p. 59−34.1%
904Aug 11, 2025$1,070,000$1,442,000 p. 59−25.8%
503Aug 12, 2025$1,015,000$1,440,000 p. 59−29.5%
204Sep 18, 2025$957,911$1,366,000 p. 59−29.9%
605Nov 14, 2025$987,000$1,368,000 p. 59−27.9%
301Nov 26, 2025$897,000$1,351,000 p. 59−33.6%
2104Nov 26, 2025$1,597,148$1,615,000 p. 60−1.1%
1202Dec 18, 2025$1,292,911$1,471,000 p. 60−12.1%
1001Dec 29, 2025$1,105,000$1,403,000 p. 59−21.2%
1904Jan 13, 2026$1,350,000$1,550,000 p. 60−12.9%
302Feb 6, 2026$991,881$1,370,000 p. 59−27.6%
305Feb 6, 2026$930,795$1,328,000 p. 59−29.9%
404Feb 6, 2026$1,000,881$1,403,000 p. 59−28.7%
401Mar 3, 2026$910,000$1,384,000 p. 59−34.2%
205Mar 9, 2026$897,500$1,325,000 p. 59−32.3%
504May 7, 2026$999,000$1,407,000 p. 59−29%
501May 12, 2026$925,000$1,387,000 p. 59−33.3%
703Jul 1, 2026$1,035,000$1,466,000 p. 59−29.4%
2103Jul 22, 2026$1,500,000$1,585,000 p. 60−5.4%
402Jul 29, 2026$990,000$1,402,000 p. 59−29.4%
1402Aug 4, 2026$1,303,360$1,475,000 p. 60−11.6%
201Aug 13, 2026$890,000$1,348,000 p. 59−34%
602Aug 14, 2026$1,035,000$1,411,000 p. 59−26.6%
1004Aug 17, 2026$1,080,000$1,447,000 p. 59−25.4%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
234 East 46th Street Property Owner LLC
Developers
Korman Communities, Prodigy Capital Group, Prodigy Network, Shorewood Real Estate Group LLC
Principals
S. Lawrence Davis, Bradley J. Korman, Lawrence M. Korman, Rodrigo Niño
Tax estimate
McCarter & English, LLPPrepared the first-year real estate tax projection
Construction lender
Bank of America$63.1 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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