JLL Arranges $118.9M Acquisition Loan for Manhattan Apartment Building
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. New York continues to bifurcate sharply: trophy office leasing at record rents, commodity Class B in conversion discussions or court-supervised processes. Rent-stabilized multifamily remains supply-constrained and tightly held. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
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On the RET wire
- The 144th New York story tracked on the wire in November 2026. All New York coverage →
- Disclosed multifamily deal value tracked in November 2026: $13.6B across 68 reported transactions. All Multifamily coverage →
- 204 stories mentioning JLL on the wire in the past 90 days. JLL coverage →
Computed from Real Estate Trail’s own tracked coverage
NEW YORK CITY — JLL has arranged a $118.9 million acquisition loan for 360 West 43rd Street, a 255-unit apartment building in Manhattan’s Hell’s Kitchen neighborhood. Developed in 2002, the 23-story building offers a…
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