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.
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