Wharton Residential Properties Acquires 21-Unit Multifamily Walkup Building In Greenwich Village For $13.5M

A 21-unit residential walkup building located at 14-16 Bedford Street in Greenwich Village, Manhattan, has been sold for $13.5 million. The property, situated in a vibrant neighborhood, offers a multifamily living experience with its spacious units. Each unit in the building is priced at an average of $642,857.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Units: 21
• Price Per Unit: $642,857
• Location: 14-16 Bedford Street, Greenwich Village, Manhattan

Wharton Residential Properties, representing investments led by Joseph Sutton, son of Jeff Sutton, acquired the property. The deal was facilitated by Joseph Sutton, who acted as the buyer's representative. On the other hand, Laub Realty, headed by Michael E. Laub, served as the seller in this transaction. The sale of this residential building presents a significant opportunity for Wharton Residential Properties to expand its investment portfolio and reinforce its presence in the Greenwich Village market.