JLL Capital Markets Completes $8.7 Million Sale of Multifamily Building in New York’s Vibrant Murray Hill Neighborhood

CHICAGO, IL - 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.”

TRENDING

Kerry W. Kirby Named Outstanding Technology Entrepreneur for Shaping The Future of PropTech with Receipt of Noble Award NEW ORLEANS, LA – 365 Connect, the leader in delivering the world's most advanced automated marketing, leasing, and resident engagement platform for multifamily communities across the globe, announced today that its Founder and CEO, Kerry W. Kirby, has received a Noble Award for Outstanding...

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.