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
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.
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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 jll.com.