Maurice Kohan Acquires Hell's Kitchen Multifamily For $4.8M

The 15-unit residential walkup building at 444 West 58th Street in Hell’s Kitchen, Manhattan has been sold for $4.8 million. The property is located in the vibrant market of Hell's Kitchen and offers a multifamily asset type. With a sale price per built square foot of $498, the buyer Maurice Kohan obtained a valuable investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 444 West 58th Street, Hell’s Kitchen, Manhattan
• Market: Hell’s Kitchen, Manhattan
• Buyer: Maurice Kohan
• Seller: James F. Hefelfinger - Sackman Enterprises
• Units: 15
• Price per Unit (PPU): $320,000
• Building Square Footage (BSF): 15,110
• Price per BSF (PPBSF): $318
• Total Square Footage (SF): 9,635
• Price per Square Foot (PPSF): $498

James F. Hefelfinger, representing Sackman Enterprises, facilitated the transaction as the seller's representative. Maurice Kohan seized the opportunity to acquire this valuable property, emphasizing the potential it holds in the sought-after market of Hell's Kitchen.