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Jesse Deutch Of Two80 Ventures Acquires Multifamily Property In Hell's Kitchen For $7.8M

Property Image
SOLD
$7,800,000
Andrew Berry
Craig Waggner
+ 2

New York

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MultiFamily12,125 SF
Sold 11/14/2025
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Property Image
SOLD

Jesse Deutch Of Two80 Ventures Acquires Multifamily Property In Hell's Kitchen For $7.8M

415 West 47th Street

See Similar Deals
MultiFamily12,125 SF
Sold 11/14/2025
Andrew Berry
Craig Waggner
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$643
Total Square Footage:12,125 SF
Transaction Type:Sale

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:

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

John Ciraulo
47 deals$732.2M volume(212) 660-7700
BROKER

Andrew Berry
Cushman & Wakefield
33 deals$410.9M volume
BROKER

Craig Waggner
Cushman & Wakefield
46 deals$696M volume
BROKER

Jack Stephen
Cushman & Wakefield
12 deals$166.5M volume(212) 841-5099
BROKER

Cushman & Wakefield
BROKERAGE

Jesse Deutch
8 deals$61.1M volume
BUYER

Details

SOLD
IMAGE: John Ciraulo, Craig Waggner, Andrew Berry & Jack Stephen DATE: 11/14/2025 ADDRESS: 415 West 47th Street MARKET: Hell's Kitchen, Manhattan ASSET TYPE: Multifamily BUYER: Jesse Deutch - Two80 Ventures SELLER: Len Gleich SELLER'S REP: John Ciraulo (@JohnCiraulo), Craig Waggner (@Craig_Waggner), Andrew Berry (@AtBerry3) & Jack Stephen (@JackHaroldStephen) - Cushman & Wakefield (@CushWake) (@TeamCirauloWaggner) SALE PRICE: $7,800,000 UNITS: 26 ~ PPU: $300,000 SF: 12,125 ~ PPSF: $643

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$415,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75