JLL Capital Markets announced that it has arranged $69.5 million in financing for 100 Jane, a 148-unit multifamily property located in the heart of Manhattan’s West Village neighborhood.
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, a Freddie Mac Optigo® Lender, will service the loan.
Located at 100 Jane St. in the West Village, the nine-story property spans approximately 100,000 rentable square feet and is fully occupied. Built in 1996, the asset includes 117 market-rate units, 30 affordable units and one superintendent unit.
100 Jane St. is located on a cobblestone street in one of Manhattan’s most sought-after communities. Surrounded by historic brownstones and shops, this red brick building. This handsome building with an on-site fitness center and glorious rooftop deck sits at the intersection between the West Village and Meatpacking District.
Community amenities include a landscaped rooftop terrace, fitness center and laundry facility, while residents benefit from immediate access to the West Village’s restaurants, retail and entertainment offerings, as well as multiple transportation options, including the 1, 2, 3, A and C subway lines, PATH service and multiple bus routes.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Geoff Goldstein and Steven Klein and Managing Director Michael Shmuely.
“With no large-scale multifamily product in the West Village submarket under construction or scheduled for delivery in the next five years, 100 Jane is poised to benefit from continued demand in the rental market,” said Goldstein. “The property’s strong in-place occupancy and long-term upside potential generated significant interest from lenders, ultimately resulting in an attractive financing execution for the sponsorship.”
New York City’s multifamily market fundamentals remain exceptionally strong, particularly in Manhattan’s supply-constrained West Village neighborhood, where vacancy remains low at approximately 2.6%, according to JLL Research, amid sustained demand from young professionals and continued population and employment growth.
At the same time, new residential construction starts and building permits across New York City remain near historic lows. These dynamics continue to support strong investor demand for well-located multifamily assets in premier neighborhoods such as the West Village.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
Founded in 1970, Rockrose Development is a family-owned and multi-generational real estate investment, development and management company. Over the past five decades, the company has acquired, developed or repositioned approximately 6 million square feet of office space and 15,000 residential apartments in New York and Washington, D.C. Rockrose developed 100 Jane and serves as the property manager.
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities.
