Updated Feb 25, 2026
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
About this deal
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.
On the Map
$4,850,000
$503/SF
MultiFamily
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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