How to get Instantaneous Magnitude for a Instantaneous Frequency From FFT?
Frist of all you need compute the Magnitude:

windowed = framed .* hann(length(framed))
Fourier = fft(windowed)
Mag = abs(Fourier)


And you need build a Window Kernel based in your Window Function!

For a Hann Window the kernel can be: 



   Wk(k) = 0.5 * (sinc(k*(M/N)) / (1 - (k*(M/N))^2))




M=Window Size 
N=FFT Size


Of course you can use the same size for both, N and M !

k = Bin Number from FFT / N
sinc = Normalized Sinc, visit http://en.wikipedia.org/wiki/Sinc_function


If you have already determined the Instantaneous Frequency, you need find the corresponding offsets for each Frequency and the Instantaneous Magnitude is found when you multiply the magnitude from FFT by your Hann Window Kernel index:

 Offset = abs(InstFreqs(i) / (Fs/N) - i)
 index = floor(abs(Offset) * N) + 1
 InstMag = Mag(i) * Wk(index)