Updated Jun 22, 2026
Sackman Enterprises Secures $36.5 Million Refinance From Berkadia For East Village MultiFamily Property
231 East 13th Street, 239 East 13th Street & 235 East 13th Street
$36,500,000
$204/SF
Building Size
59,646 SF
Asset Type
MultiFamily
Closing
May 22, 2026
About this deal
AI
The transaction involves a refinancing deal for four walk-up buildings in the East Village, Manhattan, comprising a total of 59,646 square feet and 96 residential units. The properties are located at 231 East 13th Street, 239 East 13th Street, and 235 East 13th Street. The total loan amount secured for this refinance transaction is $36,500,000.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $36,500,000
- Square Footage: 59,646
- Units: 96
- Address: 231 East 13th Street, 239 East 13th Street, 235 East 13th Street
- Market: East Village, Manhattan
- Lender: Berkadia
- Landlord: Alan Sackman - Sackman Enterprises
- Loan Type: Refinance
Sackman Enterprises, represented by E & S Realty De LLC, engaged in this refinancing activity with Berkadia Commercial Mortgage, highlighting the strategic financial maneuvering for the four properties in question.
On the Map
$36,500,000
$204/SF
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93