facebook
Traded Co logo
Submit
Daily limit: 0/10

Jeff Sutton Of Wharton Residential Properties Acquires Multifamily Property In West Village For $14M

Property Image
SOLD
$14,000,000

New York

See Similar Deals
MultiFamily3,385 SF
Sold 05/26/2026
the dealplayerscompscontact
Property Image
SOLD

Jeff Sutton Of Wharton Residential Properties Acquires Multifamily Property In West Village For $14M

19 Bank Street

See Similar Deals
MultiFamily3,385 SF
Sold 05/26/2026
Contact now

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

55 deals$5.5B volume
BUYER

Details

SOLD
IMAGE: Jeff Sutton DATE: 05/26/2026 ADDRESS: 19 Bank Street MARKET: West Village, Manhattan ASSET TYPE: MultiFamily BUYER: Jeff Sutton - Wharton Residential Properties SELLER: Douglas L. Fromme - Fromme Realty SALE PRICE: $14,000,000 SF: 3,385 - PPSF: $4,136 NOTE: Douglas L. Fromme has sold a 3,385-square-foot multifamily property at 19 Bank Street in Manhattan's West Village to 19 Bank Owner LLC for $14 million. The residential asset changed hands at a premium valuation of approximately $4,136 per square foot.

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
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