Updated Oct 29, 2024
Benchmark REG Acquires Multifamily Property On Bedford St In WV For $21M
35 Bedford Street, New York, NY 10014, USA
$21,000,000
$1,196/SF
Building Size
17,556 SF
Asset Type
MultiFamily
Closing
Jan 28, 2019
About this deal
AI
A multifamily property located at 35 Bedford St. in the WV market has been sold for $21 million. The property spans 17,556 square feet, resulting in a price per square foot of $1,196. Benchmark REG purchased the property from Renaissance Properties in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21 million
- Address: 35 Bedford St.
- Market: WV
The buyer, Benchmark REG, acquired the property from the seller, Renaissance Properties. The transaction was facilitated by Aaron Jungreis of Rosewood Realty Group NY, representing the buyer.
On the Map
$21,000,000
$1,196/SF
MultiFamily
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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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93