Jesse Deutch Of Two80 Real Estate Ventures Secures $4.6M Loan For 24-Unit Multifamily In Manhattan
415 West 47th Street
$4,600,000
$391/SF
Building Size
11,750 SF
Asset Type
MultiFamily
Closing
Jan 21, 2026
AI
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.
Players
New York 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93