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18 Bedford Street

Harkham Ventures Acquires Multifamily Property On Bedford Street For $2.28M
SOLDMultiFamily

Harkham Ventures Acquires Multifamily Property On Bedford Street For $2.28M

18 Bedford Street

$2,280,000

$590/SF

Building Size

3,860 SF

Asset Type

MultiFamily

Closing

Apr 25, 2024

AI

The multifamily property located at 18 Bedford Street in the West Village, Manhattan, was sold for $2,280,000. The transaction involved a total of 8 units, with a price per unit of $285,000. The property spans 3,860 square feet, resulting in a price per square foot of $591.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,280,000
  • Address: 18 Bedford Street
  • Market: West Village, Manhattan
  • Seller: The McDonnell Family
  • Buyer: Harkham Ventures
  • Brokers: Joe Koicim & Peter Dodge - Marcus & Millichap
  • Units: 8
  • PPU: $285,000
  • SF: 3,860
  • PPSF: $591

The deal was facilitated by Joe Koicim and Peter Dodge from Marcus & Millichap, serving as the brokers in the transaction. The involvement of these key individuals contributed to the successful sale of the multifamily property in the vibrant neighborhood of the West Village.

Players

Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker

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

6.96%

Cash-on-Cash

-1.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93