Joe Sutton Acquires 21-Unit Multifamily In Manhattan For $13.5M

Located at 14 Bedford St. in Manhattan, this multifamily property was recently sold in a transaction facilitated by Aaron Jungreis, Alex Fuchs, and Ben Khakshoor of Rosewood Realty Group. The property consists of 21 units, with a price per unit of $642,857. Spanning 12,860 square feet, the property has a price per square foot of $1,050. The transaction took place on August 30, 2023, with a sale price of $13,500,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,500,000
• Address: 14 Bedford St., Manhattan
• Market: Manhattan
• Buyer: Joe Sutton
• Seller: Michael Laub
• Brokers: Aaron Jungreis, Alex Fuchs, and Ben Khakshoor - Rosewood Realty Group
• Units: 21
• Price per Unit: $642,857
• Total Square Footage: 12,860
• Price per Square Foot: $1,050

The buyer in this transaction was Joe Sutton, while the seller was Michael Laub. Aaron Jungreis, Alex Fuchs, and Ben Khakshoor from Rosewood Realty Group served as the brokers in the deal. This transaction showcases the expertise and negotiation skills of the involved parties, resulting in a successful sale.