PGIM Taps JLL to Sell Gramercy Building 

JLL is marketing the sale of 210-220 East 22nd St., a 204-unit residential building in Gramercy. The property, originally developed in 1982 and 1930, consists of two buildings connected on the ground floor, offering a mix of studios, one-bedroom, two-bedroom, and three-bedroom units. The buildings feature an attended lobby, fitness center, and resident lounge.  

The JLL team, led by Andrew Scandalios, Rob Hinckley, and Jeffrey Julien, and Steven Rutman, was retained by PGIM to market the property. 

“210-220 East 22nd St. presents a tremendous opportunity to acquire a high-quality asset way below replacement cost in a prime Manhattan neighborhood,” said Hinckley. “Over half of the units have not been renovated, providing rent upside and mark-to-market potential and future development potential in a fundamentally strong multi-housing market.”