News release

Multi-housing property in Murray Hill sells for $8.7M

JLL Capital Markets arranged the sale of five-story building at 121 East 37th St. in New York 

February 26, 2021

NEW YORK, February 26, 2021 — JLL Capital Markets announced today that it has completed the $8.7 million sale of 121 East 37th St., an 8,850-square-foot multi-housing building in New York’s Murray Hill neighborhood.

JLL represented the seller. Kay-Medix acquired the newly renovated and restored, five-story property.

The property, constructed in 1920, contains 11 free-market residential units available for short- and medium-term durations. The property features furnished units, an elevator, on-site laundry and dynamic views.

121 East 37th St. is located between Park Avenue and Lexington Avenue on the border of Midtown East / Murray Hill. The neighborhood is home to numerous amenities, including a variety of restaurants, sights, shopping and entertainment. The building offers easy access to Grand Central Station and the 4, 5, 6 and 7 subway lines.

Managing Director Clint Olsen of JLL Capital Markets represented the seller in the transaction. The buyer was represented by B6 Real Estate Advisors.

“The property just underwent a total renovation, with high-end finishes,” Olsen said. “That coupled with all FM units, this was a great opportunity for an owner/investor.”

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 placement, equity placement or a

recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in

nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit