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25 Bedford St, New York, NY...

Roger Kang Acquires Multifamily Property On Bedford Street In Greenwich Village For $4.9M
SOLDMultiFamily

Roger Kang Acquires Multifamily Property On Bedford Street In Greenwich Village For $4.9M

25 Bedford St, New York, NY 10014, USA

$4,990,000

$166/SF

Building Size

30,000 SF

Asset Type

MultiFamily

Closing

Sep 10, 2020

AI

The multifamily property located at 25 Bedford Street in Greenwich Village has been sold. The transaction took place on September 11, 2020, with Roger Kang as the buyer and Elizabeth M. Schneider as the seller. The property is zoned as R6, allowing for multifamily use. The sale was facilitated by Nick Gavin and Josh Doyle from Compass. The property was sold for a price of $4,990,000. The building has a total square footage of 3,000, with a price per square foot of $1,663. The buyer obtained a loan amount of $3,493,000 from PNC Bank. The property falls under tax class 2A.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,990,000
  • Address: 25 Bedford Street
  • Market: Greenwich Village
  • Zoning: R6
  • Buyer: Roger Kang
  • Seller: Elizabeth M. Schneider
  • Brokers: Nick Gavin & Josh Doyle - Compass
  • Building Square Footage: 3,000
  • Price per Square Foot: $1,663
  • Loan Amount: $3,493,000
  • Lender: PNC Bank
  • Tax Class: 2A

The transaction involved the key individuals and companies mentioned above. Roger Kang acted as the buyer, while Elizabeth M. Schneider served as the seller. Nick Gavin and Josh Doyle from Compass represented both parties in the deal. The acquisition of the multifamily property at 25 Bedford Street adds to Roger Kang's real estate portfolio.

Players

Josh Doyle

Compass

Broker

$14.4M

vol

3 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

3.18%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93