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Jesse Deutch Of Two80 Real Estate Ventures Secures $4.6M Loan For 24-Unit Multifamily In Manhattan
FINANCED
$4,600,000
New York
See Similar DealsMultiFamily11,750 SF
Financed 01/21/2026
FINANCED
Jesse Deutch Of Two80 Real Estate Ventures Secures $4.6M Loan For 24-Unit Multifamily In Manhattan
415 West 47th Street
See Similar DealsMultiFamily11,750 SF
Financed 01/21/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:11,750 SF
Transaction Type:Loan
The property involved in this transaction is a 24-unit residential walkup located at 415 West 47th Street in Hell’s Kitchen, Manhattan. The asset has a building square footage (BSF) of 18,896 and a total area of 11,750 square feet. The loan secured for this property amounts to $4,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 415 West 47th Street
- Market: Hell’s Kitchen, Manhattan
- Lender: J.P. Morgan Chase
- Landlord: Jesse Deutch - Two80 Real Estate Ventures
The loan secured for this property was obtained by Two80 Real Estate Ventures through the entity 415 West 47 Realty LLC from J.P. Morgan Chase. This transaction showcases the financing efforts made by the landlord to support the multifamily asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,600,000.00
Monthly NOI$30,666.67
Monthly Debt Service$29,075.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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