Hudson Regional Hospitals Acquires Development Site In Hells Kitchen, Manhattan For $15M

A development site located at 456 W. 55th St. in Hells Kitchen, Manhattan has been sold for $15,000,000. The property spans approximately 31,630 square feet and has a price per buildable square foot (PPBSF) of $474. The transaction took place on 05/03/2022.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $15,000,000
• Address: 456 W. 55th St., Hells Kitchen, Manhattan
• Market: Hells Kitchen, Manhattan
• Buyer: Hudson Regional Hospitals
• Seller: Resnick Family
• Brokers: Hall Oster, Paul Smadbeck, Ethan Stanton & Conrad Martin - JLL

Hudson Regional Hospitals purchased the development site from the Resnick Family, with the transaction facilitated by brokers Hall Oster, Paul Smadbeck, Ethan Stanton, and Conrad Martin of JLL. The deal marks a significant investment in the Hells Kitchen market and showcases the strong demand for development opportunities in Manhattan.