JLL Capital Markets arranges $15 million sale of three-story property on behalf of longtime family owners
NEW YORK, May 11, 2022 – JLL Capital Markets team has arranged the $15 million sale 456 West 55th St., a three-story commercial building located in the Hell’s Kitchen neighborhood of New York City.
JLL marketed the property on behalf of the seller, a private family partnership, and represented the buyer, Hudson Regional Hospitals, a premier hospital providing comprehensive care in the Tri State area.
Located on the south side of West 55th Street between 9th and 10th avenues, the property’s three floors each span 7,200 square feet and are connected by a pair of internal staircases along with a manually operated freight elevator.
The property contains approximately 21,600 gross square feet above grade, with roughly 10,030 square feet of additional air rights. The building possesses a curb cut and a loading dock with direct access to the elevator and lies within a C6-2 zoning district, allowing for residential, commercial and community facility uses.
Situated with walking distance of major attractions such as Central Park, Columbus Circle, Lincoln Center and the Hudson River Greenway, 456 West 55th St. is located near the A, C, B, D and 1 subway lines, providing accessibility to all areas of the city.
The JLL Capital Markets team representing the seller and the buyer was led by Managing Directors Ethan Stanton, Hall Oster and Paul Smadbeck, Vice Presidents Conrad Martin and Teddy Galligan and Associate Braedon Gait.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: George Shea, Linda O’Flanagan
Company: Shea Communications
Phone: +1 212 627 5766
Email: linda@sheacommunications.com
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