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Sackman Enterprises Refinances Hell's Kitchen MultiFamily Property With J.P. Morgan Chase For $6.4M
FINANCED
$6,400,000
New York
See Similar DealsMultiFamily15,407 SF
Financed 04/30/2026
FINANCED
Sackman Enterprises Refinances Hell's Kitchen MultiFamily Property With J.P. Morgan Chase For $6.4M
441 West 50th Street & 443 West 50th Street
See Similar DealsMultiFamily15,407 SF
Financed 04/30/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:15,407 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,400,000.00
Monthly NOI$42,666.67
Monthly Debt Service$40,452.35
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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