Wharton Properties Secures $17 Million Refinance Loan For Multifamily Building In West Village
72 Bedford Street
$17,000,000
$1,376/SF
Building Size
12,349 SF
Asset Type
MultiFamily
Closing
Jun 30, 2026
AI
The property asset involved is a multifamily building located at 72 Bedford Street in Manhattan's West Village, encompassing a total square footage of 12,349 and consisting of 17 residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 72 Bedford Street
- Market: West Village, Manhattan
- Lender: Webster Bank
- Landlord: Jeff Sutton - Wharton Properties
- Loan Type: Refinance
- Previous Loan Amount: $14,000,000
Wharton Properties, through 72 Bedford Street LLC, engaged in this refinancing deal to replace an earlier loan with Webster Bank, underscoring their ongoing relationship with the lender for this residential property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93