Wharton Properties Acquires Multifamily Property On Bedford Street For $18.2M

A multifamily property located at 90 Bedford Street in the West Village neighborhood of Manhattan has been sold for a total price of $18,250,000. The sale was completed off market directly between the buyer, Joseph J. Sutton of Wharton Properties, and the sellers, Fred Rudd and Josh Greenberg of Rudd Realty. The property consists of 22 units, with each unit having an average price per unit (PPU) of $829,545. The total square footage of the property is 15,586, resulting in a price per square foot (PPSF) of $1,171.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $18,250,000
• Address: 90 Bedford Street
• Market: West Village, Manhattan
• Buyer: Joseph J. Sutton - Wharton Properties
• Seller: Fred Rudd & Josh Greenberg - Rudd Realty
• Units: 22
• PPU: $829,545
• SF: 15,586
• PPSF: $1,171

The deal was successfully negotiated between Joseph J. Sutton and the sellers, Fred Rudd and Josh Greenberg. Wharton Properties represented the buyer in this transaction, while Rudd Realty acted as the seller's representative. The transaction took place on January 18, 2024, and the property was sold without being listed publicly, demonstrating the efficiency of the off-market deal.