Jory Hennick Of Hennick & Company Acquires Hotel Asset In Central Midtown Manhattan For $66.23M

The asset involved in this transaction is a hotel located at 13-15 West 56th Street in the Central Midtown market of Manhattan. The sale was executed for a total of $66,225,000, with the property encompassing 54,959 square feet and achieving a price per square foot of approximately $1,205.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $66,225,000
• Square Footage: 54,959
• Price per Square Foot: $1,205
• Buyer: Jory Hennick - Hennick & Company
• Seller: Richard Born
• Market: Central Midtown, Manhattan

Jory Hennick, representing Hennick & Company, was the buyer in this transaction. Richard Born acted as the seller. The acquisition reflects Jory Hennick's strategic investment in Manhattan's hotel sector.