JLL Capital Markets on Monday announced it successfully secured a $69.5 million Freddie Mac loan to refinance 100 Jane, a 148-unit multifamily building in Manhattan’s West Village. While the deal underscores the relentless demand for prime New York City residential real estate, it also shines a spotlight on the neighborhood’s growing appeal as a premium, highly accessible transit hub for professionals working across the Hudson River in New Jersey.
JLL worked on behalf of the borrower, Rockrose Development L.L.C., to secure the 10-year, fixed-rate loan through Freddie Mac. JLL Real Estate Capital, LLC will service the loan.
Located at 100 Jane St., the fully occupied, nine-story property is strategically positioned for residents who split their time between Manhattan and the booming commercial and corporate sectors of Northern New Jersey. The asset sits just blocks away from the Christopher Street PATH station, offering a direct, under-15-minute commute to major New Jersey employment hubs like Jersey City’s “Wall Street West” and Hoboken, as well as easy transfers to Newark Penn Station.
For hybrid workers and corporate executives who frequently travel between Manhattan and New Jersey’s corporate corridors, the West Village has increasingly become a preferred residential anchor. The neighborhood bridges the gap between vibrant NYC culture and seamless interstate transit connectivity, also offering rapid access to the Holland Tunnel and major regional bus routes.
The West Village currently boasts an exceptionally low vacancy rate of approximately 2.6%. This tight market is fueled by a severe lack of inventory, with JLL Research indicating that no large-scale multifamily projects are under construction or scheduled for delivery in the submarket over the next five years.
“The property’s strong in-place occupancy and long-term upside potential generated significant interest from lenders,” JLL’s Senior Managing Director Geoff Goldstein said. Goldstein led the debt advisory team alongside Steven Klein and Michael Shmuely. “100 Jane is uniquely poised to benefit from sustained rental demand.”
Built in 1996, the 100,000-square-foot building includes 117 market-rate units, 30 affordable units, and one superintendent unit. Residents enjoy luxury community amenities such as a landscaped rooftop terrace and a private fitness center.
Beyond its proximity to New Jersey transit links, the property is surrounded by the West Village’s iconic dining, retail, and waterfront parks along the Hudson River, making it one of the most resilient and stable residential assets in the metropolitan area.
