facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

90 Bedford Street

JP Investments Acquires Multifamily Asset At 90 Bedford Street In West Village For $32.7M
SOLDMultiFamily

JP Investments Acquires Multifamily Asset At 90 Bedford Street In West Village For $32.7M

90 Bedford Street

$32,700,000

$2,098/SF

Building Size

15,586 SF

Asset Type

MultiFamily

Closing

Dec 3, 2025

AI

The multifamily asset located at 90 Bedford Street, known as The Friends Building, was sold for $32,700,000. The property comprises 23 units, offering a price per unit of $1,421,739. With a total square footage of 15,586, the price per square foot amounts to $2,098. The building is situated in the West Village market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $32,700,000
  • Buyer: JP Investments
  • Seller: Joseph Sutton - Wharton Properties
  • Broker: Michael Sherman - Baseline Real Estate Advisors
  • Units: 23
  • Square Footage: 15,586
  • Price Per Unit: $1,421,739
  • Price Per Square Foot: $2,098

Joseph Sutton, representing Wharton Properties, sold the property, while Michael Sherman acted on behalf of Baseline Real Estate Advisors in the transaction. Notably, the apartment building at 90 Bedford Street was used as the exterior location for the iconic television show Friends.

Players

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Baseline Real Estate Advisors
Baseline Real Estate Advisors Brokerage
Jeff Sutton

Jeff Sutton

Wharton Properties

Seller

$5.5B

vol

56 deals

Seller
Wharton Properties
Wharton PropertiesSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93