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.

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Jones Lang LaSalle Inc. published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 16:04:20 UTC.