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360 West 119th Street

Chaoyang Chen Purchases Multifamily Property At 360 West 119th Street For $4.85M
SOLDMultiFamily

Chaoyang Chen Purchases Multifamily Property At 360 West 119th Street For $4.85M

360 West 119th Street

$4,850,000

$503/SF

Building Size

9,630 SF

Asset Type

MultiFamily

Closing

Feb 13, 2026

AI

Chaoyang Chen purchased a 9,630-square-foot multifamily property located at 360 West 119th Street in Harlem, Manhattan for $4.85 million. The transaction reflects a price per square foot of $504. The sale was finalized on February 13, 2026, with Alan Sackman acting as the seller.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,850,000
  • Sale Date: 02/13/2026
  • Address: 360 West 119th Street
  • Market: Harlem, Manhattan
  • Square Footage: 9,630
  • Price Per Square Foot: $504
  • Buyer: Chaoyang Chen
  • Seller: Alan Sackman

The transaction involved key individuals including buyer Chaoyang Chen and seller Alan Sackman, who facilitated the exchange of the multifamily asset as per the specified sale terms. This deal marks a significant transfer of property in the Harlem market, illustrating active participation in the sector.

Players

Alan Sackman

Seller

$4.9M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.27%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93