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Deals & Dealmakers

Hudson Regional Hospitals acquires Hell’s Kitchen commercial building

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

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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