Rockrose Secures $70M for West Village Community
JLL Capital Markets arranged the transaction.
Rockrose Development Corp. has secured a 10-year, $69.5 million refinancing loan for 100 Jane, a 148-unit community in Manhattan’s West Village neighborhood.
JLL Capital Markets arranged the fixed-rate loan on behalf of the borrower, through Freddie Mac. JLL Real Estate Capital will service it.
The refinancing retires a previous $65 million loan issued by Wells Fargo Bank in 2016, according to Yardi Matrix information.
JLL Capital Markets Senior Managing Directors Geoff Goldstein and Steven Klein, together with Managing Director Michael Shmuely led the debt advisory team that secured the refinancing loan.
The property comprises 117 market-rate apartments, 30 affordable units and one superintendent unit ranging between 400 and 1,100 square feet. Out of the total number of residences, 47 are studios, 78 have one bedroom and 23 have two bedrooms. Amenities at the nine-story community include a fitness center and a rooftop terrace.
100 Jane, up close
The property debuted in 1996 and was fully occupied at the time of the deal. As of February of this year, Manhattan’s overall occupancy figure in stabilized assets dropped 20 basis points year-over-year to 98.2 percent, according to a recent Yardi Matrix metro report. In Lifestyle assets, too, occupancy slid 10 basis points to 98.6 percent.
Located at 100 Jane St., close to New York State Route 9A and one block south of Rockrose’s 110 Horatio St.—a 152-unit luxury community for which the company received an $80 million refinancing loan in June 2025. Rockrose owns a third luxury multifamily property in Manhattan, namely The Archive at 666 Greenwich St., within 10 blocks south of the other two.
