Cohen Equities signs $9M contract to buy 44K sf commercial condo in Hell’s Kitchen

Meir Cohen of Cohen Equities signed a contract to buy a 44,000-square-foot commercial condominium unit at 529 to 543 West 42nd Street in Hell’s Kitchen, Manhattan. The contract was signed on January 31, 2023 and disclosed in a filing with the New York State Attorney General, which on July 17 granted approval for the sale. The sale is expected to close in 2024.

The seller is the nonprofit All Starts Project, Inc. which bought the unit just over 20 years ago. In 2013 it borrowed $10.7 million from First Republic Bank.

The condo unit was marketed by a CBRE team led by Daniel Kaplan and including Justin Arzi and Timothy Sheehan according to a press release from 2022.

According to the marketing material, the space is, “ready for immediate occupancy by an educational or performing arts organization. It can also be repurposed into a state-of-the-art medical facility or retail asset, among other uses.”

Direct link to the property’s ACRIS page and link to DOB NOW portal.