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441 West 50th Street

Sackman Enterprises Refinances Hell's Kitchen MultiFamily Property With J.P. Morgan Chase For $6.4M
FINANCEDMultiFamily

Sackman Enterprises Refinances Hell's Kitchen MultiFamily Property With J.P. Morgan Chase For $6.4M

441 West 50th Street & 443 West 50th Street

$6,400,000

$207/SF

Building Size

15,407 SF

Asset Type

MultiFamily

Closing

Apr 30, 2026

AI

The property asset involved in this transaction consists of two walkup buildings located at 441 West 50th Street and 443 West 50th Street in Hell’s Kitchen, Manhattan. The total square footage of the properties is 15,407, encompassing 19 residential units.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,400,000
  • Lender: J.P. Morgan Chase
  • Landlord: Sackman Enterprises
  • Loan Type: Refinance
  • Units: 19

This transaction was facilitated by Sackman Enterprises through Bullrun Realty LLC, which executed a refinancing agreement with J.P. Morgan Chase, involving the two residential walkup buildings in Hell’s Kitchen.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender
Sackman Enterprises
Sackman EnterprisesLandlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93