Hudson Yards residential site sells for $18.7M

A development site located inside the Hudson Yards redevelopment area at 431-439 West 37th Street has sold for $18.7 million, according to commercial real estate services firm Holliday Fenoglio Fowler, which represented the buyer, an LLC called Jackson Development. The site will likely be used for a 12-story, 110,700-square-foot luxury residential building, according to the brokerage. It was not immediately clear when Jackson Development will break ground on the site, located between Ninth and 10th avenues. Holliday Fenoglio Fowler was not immediately available for further comment. Robert Knakal of Massey Knakal Realty Services was the exclusive broker for the seller. TRD