Updated Dec 21, 2023
Shivakumar Rajaraman Acquires Single Family Property On 75 Bedford Street For $11.4M
75 Bedford Street, New York City, New York 10014, United States
$11,400,000
$4,761/SF
Building Size
2,394 SF
Asset Type
Single Family Residence
Closing
Mar 14, 2022
About this deal
AI
A single-family property located at 75 Bedford Street in West Village, Manhattan has been sold for a price of $11,400,000. The property has a building square footage (BSF) of 3,985 and a price per BSF (PPBSF) of $2,860. The total square footage (SF) of the property is 2,394, with a price per square foot (PPSF) of $4,761. The property is zoned as R6, and it falls under tax class 1. The lot size of the property is 1,640, and it has dimensions of 20.5 ft x 80 ft. The last recorded sale of the property was on August 15, 2017, for a price of $7,800,000. An alteration 2 permit was issued for the property on June 13, 2018.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,400,000
- Buyer: Shivakumar Rajaraman
- Seller: Glenn Busch
Shivakumar Rajaraman is the buyer of the property, while Glenn Busch is the seller. The transaction closed on March 15, 2022. The property has a floor area ratio (FAR) of 1.46. It is worth noting that the property was previously sold for $7,800,000 on August 15, 2017. Additionally, an alteration 2 permit was issued for the property on June 13, 2018.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $4.8K per square foot on a published $11.4M for 2,394 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93