243 E 81st Street & 340 E 85th Street

JLL has been retained on an exclusive basis to arrange for the sale of 243 East 81st Street and 340 East 85th Street, two elevatored multifamily properties on the UES. Combined, the properties are 93% Free Market, are configured as 1 4-bedroom, 20 2-bedrooms, 19 1-bedrooms, and 23 studios, and are currently averaging rents that represent a blended ~42% discount to pro-forma rents. Ownership has managed the building for ~50 years, delivering exceptionally well-kept properties with virtually no deferred maintenance to prospective buyers.