JLL Lists Free-Market Apartments in Hell’s Kitchen
JLL Capital Markets has been retained to arrange the sale of 515 W. 47th St., a 15-unit, free-market apartment building with one ground-floor retail space located a short walk from the Theater District in Manhattan’s Hell’s Kitchen neighborhood. The asking price is $8.5 million.
Situated on the north side of West 47th Street, between Tenth and Eleventh avenues, the 10,675-square-foot building was gut renovated in 2014. The retail is occupied by The Jolly Goat Coffee Bar.
The JLL team representing the seller is being led by managing directors Hall Oster and Jonathan Hageman, VP Teddy Galligan and associates Jake Russell and Braedon Gait.
“515 W. 47th St. enjoys an unrivaled location in a neighborhood with one of the liveliest environments in the city with Broadway and off-Broadway, top restaurants and nightlife,” said Oster. “The property is conveniently located near mass transit and the city’s leading business districts.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).