Daily limit: 0/10
Jeff Sutton Of Wharton Residential Properties Acquires Multifamily Property In West Village For $14M
SOLD
$14,000,000
New York
See Similar DealsMultiFamily3,385 SF
Sold 05/26/2026
SOLD
Jeff Sutton Of Wharton Residential Properties Acquires Multifamily Property In West Village For $14M
19 Bank Street
See Similar DealsMultiFamily3,385 SF
Sold 05/26/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$4,135
Total Square Footage:3,385 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
Is there something missing? Send suggestions