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Turnkey Operation Hits Market in Murray Hill
JLL Capital Markets has been retained by PR 121 East 37 LLC to market and sell 121 E. 37th St. in Midtown’s Murray Hill neighborhood. The 9,124-square-foot residential building includes 11 apartments. The owner is asking $10.25 million.
A JLL team of Clint Olsen, Brock Emmetsberger, Josh Gruber, Albert Mamiye, Stephen Godnick, Ryan Kossoy and Reed Waggoner is overseeing the assignment. The firm’s Max Herzog will offer financing assistance.
The five-story property was constructed in 1920 and underwent an extensive renovation that was completed in 2019.
“121 E. 37th is an excellent turnkey investment opportunity right off of Park Avenue and with quick access to Grand Central,” said Emmetsberger. “It’s rare to find a recently renovated elevatored building of this size with condo-level finishes. The apartment building offers an excellent opportunity for a low-maintenance investment or a corporate housing operator looking to plug and play as a furnished rental.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
