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415 West 47th Street

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

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:

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

Cushman & Wakefield

Broker

$747.3M

vol

48 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Jesse Deutch

Jesse Deutch

Buyer

$61.1M

vol

8 deals

Buyer

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