JLL Arranges First Mortgage for Self-Storage in “Undersupplied” East Village

JLL Capital Markets arranged a $47-million first mortgage loan for Storage Post East Village, a newly repositioned, Class A, climate-controlled, self-storage facility located at 444 E. 10th St. in the East Village. Senior managing director Steven Klein and senior director Robert Tonnessen represented the borrower, a wholly owned subsidiary of self-storage owner operator and developer Storage Post, LLC. The loan was provided by Nuveen Real Estate.

Situated in one of Manhattan’s most supply-constrained residential submarkets, Storage Post East Village was acquired by Storage Post and its equity partner Almanac Realty Investors in 2022. As of 2025, the location is 91.2% occupied.

Originally built in 1928 as the Wheatsworth Building, the landmarked building was comprehensively modernized. Today, it comprises 78,812 rentable square feet across 1,959 fully climate-controlled units.

“This financing reflects the strong fundamentals of a premier storage asset in Manhattan’s undersupplied East Village market,” said Klein. “Nuveen recognized Storage Post’s exceptional repositioning and the facility’s continued growth potential.”

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