Updated Jun 4, 2026
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
About this deal
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.
On the Map
$6,400,000
$207/SF
MultiFamily
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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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93