Murray Hill Apartment Building Comes On the Sale Block
Jones Lang LaSalle is marketing the 9,124-square-foot residential building at an asking price of $10.25 million.
NEW YORK CITY- Jones Lang LaSalle is marketing 121 East 37th St. in Murray Hill, Manhattan. The 9,124-square-foot residential building includes 11 apartments and has an asking price of $10.25 million. The free-market property is set for vacant delivery.
Located between Park and Lexington avenues, the five-story property at 121 East 37th St. offers one studio, one two-bedroom unit and nine one-bedroom apartments. Built in 1920, the property underwent an extensive renovation that was completed in 2019, which included high-end condo style finishes. Several of the apartments have private outdoor spaces or mezzanine loft spaces. The building has an elevator, and all of the units have high ceiling heights.
“121 East 37th Street is an excellent turnkey investment opportunity right off of Park Avenue and with quick access to Grand Central,” said JLL Managing Director Brock Emmetsberger in a prepared statement. “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.”
Walking distance from the property is Grand Central Terminal and the United Nations campus. It offers convenient access to the B, D, F, M, N, Q, R, W at Herald Square, as well as the 4, 5, 6, 7 and S at Grand Central, and several bus lines serving Manhattan.
Other JLL professionals overseeing the sale assignment include Managing Director Clint Olsen and Directors Josh Gruber, Albert Mamiye, Stephen Godnick, Ryan Kossoy and Reed Waggoner. Senior Managing Director Max Herzog will offer financing assistance.