Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,280,000
$590/SF
MultiFamily
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Players
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