$12.9 Million Non-Performing Multifamily Loan | New York City, NY
33 units
Description
JLL has been retained on an exclusive basis to arrange for the sale of 325-327 East 101st Street (the “Property”), an 8-story, elevator building located on the north side of East 101st Street between First and Second Avenues. Featuring 85.5’ of frontage on East 101st Street, the Property is comprised of 34 apartments across 36,849 gross square feet. The entire building is configured as two condominium units: a community facility space which is separately owned and the residential portion (the Property)*. The Property presents a value-add opportunity for investors via upgrades to the units and common areas, which will drive rent growth as rising New York City rents continue to push north into the Upper East Side and Harlem from Downtown Manhattan and Brooklyn.
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Attributes
Units
34
Year built
2009
Building area gross
36,849 sf
Media
Investment highlights
SCALE
34 apartments / 85.5’ of frontage / 36,849 gross square feet
97% FREE MARKET
BUILT IN 2009
Exempt from Good Cause Eviction
VALUE-ADD
Great Base Building Condition with Legacy Finishes & Significant Upside Potential/ common area upgrades & rent growth spreading from downtown neighborhoods
STRONG SUPPLY & DEMAND FUNDAMENTALS
Well-positioned to capture continued NYC rent growth / long-term supply constraints
RELATIVE VALUE PROPOSITION
Attractive submarket for young professionals seeking access to Manhattan’s major employment hubs
TRANSIT-ORIENTED
8-min walk from 96th St N-Q subway station / 10-min walk from 103rd St 4-6 subway station
Contact brokers
327 East 101st Street (0 Properties)
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Last updated
May 14, 2026
