Jeff Sutton Of Wharton Residential Properties Acquires Multifamily Property In West Village For $14M
19 Bank Street
$14,000,000
$4,135/SF
Building Size
3,385 SF
Asset Type
MultiFamily
Closing
May 26, 2026
AI
A 3,385-square-foot multifamily property located at 19 Bank Street in Manhattan's West Village has been sold. The asset has a market valuation of approximately $4,136 per square foot, with a total sale price reaching $14 million.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,000,000
- Address: 19 Bank Street
- Market: West Village, Manhattan
- Square Footage: 3,385
- Price per Square Foot: $4,136
- Buyer: Jeff Sutton - Wharton Residential Properties
- Seller: Douglas L. Fromme - Fromme Realty
The transaction was executed with Jeff Sutton representing Wharton Residential Properties as the buyer and Douglas L. Fromme acting on behalf of Fromme Realty as the seller. The deal reflects a premium valuation for a multifamily asset in this area.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93