Chaoyang Chen, Xiaoyan Sui pay $4.8M to Sackman Enterprises for 14-unit walkup in Harlem

Chaoyang Chen and Xiaoyan Sui through the entity 360 W 119 St LLC paid $4.8 million to Sackman Enterprises through the entity Beckham Realty LLC for the 14-unit residential walkup building (C4) at 360 West 119th Street in Harlem, Manhattan. The expected use is cash flowing.
The deal closed on February 13, 2026 and was recorded on February 24, 2026. The property has 9,630 square feet of built space and 454 square feet of additional air rights for a total buildable of 10,092 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $503 and the price per buildable square foot is $480 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Sackman Enterprises was James F. Hefelfinger . The signatory for Chaoyang Chen and Xiaoyan Sui was Chaoyang Chen. The contract date was September 30, 2025.

Prior sales, articles and revenue

Prior to this transaction, PincusCo has no record that the buyer Chaoyang Chen had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Sackman Enterprises had not purchased any other properties and had not sold any properties over the same time period. The former owners according to the Department of Housing Preservation and Development includes James Hefelfinger, head officer and Alan Sackman, officer. The business entities are Sackman Enterprises and Beckham Realty Llc.

The property

The residential walkup building with 14 residential units in Harlem has 9,630 square feet of built space and 454 square feet of additional air rights for a total buildable of 10,092 square feet according to a PincusCo analysis of city data. The parcel has frontage of 25 feet and is 100 feet deep with a total lot size of 2,523 square feet. The zoning is R7A which allows for up to 4 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2.1 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $150 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of five of the eight commercial properties representing 145,290 square feet of the 280,044 square feet. The two identified owners are Urban Home Ownership Corporation and Sackman Enterprises.
There are no active new building construction projects on this tax block.

The majority, or 93 percent of the 280,044 square feet of built space are elevator buildings, with walkup buildings next occupying 7 percent of the space.

The seller

The PincusCo database currently indicates that Sackman Enterprises owned at least 42 commercial properties with 657 residential units in New York City with 548,762 square feet and a city-determined market value of $166.1 million. (Market value is typically about 50% of actual value.) The portfolio has $110 million in debt, with top three lenders as First Republic Bank, Citibank, and Berkadia Commercial Mortgage respectively. Within the portfolio, the bulk, or 50 percent of the 548,762 square feet of built space are walkup properties, with elevator properties next occupying 39 percent of the space. They are all located in Manhattan.

The buyer

The PincusCo database currently indicates that Xiaoyan Sui owned at least one commercial property with nine residential units in New York City with 8,000 square feet and a city-determined market value of $4.5 million. (Market value is typically about 50% of actual value.) The portfolio consists of at least a single walkup property. It is located in Manhattan.

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