Jesse Deutch Of Two80 Ventures Acquires Multifamily Property In Hell's Kitchen For $7.8M
415 West 47th Street
$7,800,000
$643/SF
Building Size
12,125 SF
Asset Type
MultiFamily
Closing
Nov 13, 2025
AI
The property asset involved in this transaction is a multifamily building located at 415 West 47th Street in Hell's Kitchen, Manhattan. The building consists of 26 units and has a total square footage of 12,125, with a sale price of $7,800,000 which translates to a price per unit of $300,000 and a price per square foot of $643.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,800,000
- Units: 26
- Square Footage: 12,125
- Price Per Unit: $300,000
- Price Per Square Foot: $643
- Buyer: Jesse Deutch - Two80 Ventures
- Seller: Len Gleich
- Seller's Representatives: John Ciraulo, Craig Waggner, Andrew Berry & Jack Stephen - Cushman & Wakefield
This transaction features key individuals including the buyer, Jesse Deutch from Two80 Ventures, and the seller, Len Gleich. It is important to note that the seller's representatives are John Ciraulo, Craig Waggner, Andrew Berry, and Jack Stephen, who are affiliated with Cushman & Wakefield, representing the seller in this multifamily deal.
Players
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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93