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.
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