13-15 Christopher St 11 Unit Apartment Building $11,350,000 ($1,031,818/Unit) 5.50% Cap Rate New York, NY 10014

The New York Multifamily team is pleased to offer the following opportunity located in the heart of the West Village. 13-15Christopher Street is situated on the north side of Christopher Street between Gay Street and Waverly Place. The property boasts an approximate gross square footage of 8,280, is zoned R6, and is built 40 ft x 40 ft on a 40 ft x 90 ft lot (Block: 610; Lot: 66). The offering consists of 11 total units — 7 residential units plus a one-of-a-kind carriage house — and 4 commercial spaces.

• Free Market Asset With Significant Rental Upside: With 6 out of the 7 residential units being free-market and in-place rents sitting well below what the West Village commands, the opportunity features considerable free market rental upside. The submarket sets the ceiling for residential rents in Manhattan, driven by supply constraints and sustained demand from high-income tenants who simply won't live anywhere else. With 40 feet of frontage, 13-15 Christopher Street is a coveted retail position in its own right. The upper store at 15 Christopher, leased to Greenwich Letterpress on a month-to-month basis, is rented significantly below market, allowing any investor to capture retail upside day one. In addition, the last remaining RS apartment will be delivered vacant at sale and sits directly adjacent to the upper floor retail in 13 Christopher Street, presenting the opportunity to increase retail footprint, effectively creating a 100% fair market asset.

• Protected Tax Class 2B: The property carries the Tax Class 2B designation, capping assessed value increases at 8%annually and 30% over any five-year period. In a city where rising taxes have quietly compressed NOI across the board, this is a meaningful structural advantage.

• Diverse Unit Mix: The asset spans studios, 1-bedrooms, and large 4-bedroom layouts across the residential component, with natural diversification across renter profiles. The standout is the carriage house, a 5-bedroom, 4.5 bath apartment rented MTM, providing an opportunity for a live + income investment or immediate rental upside. The commercial component is anchored by Maverick House's recently signed 10-year leases on the lower stores, with the upper stores providing near-term upside.

• Prime West Village Location: 13-15 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by the dining, retail, and cultural fabric that makes the West Village one of the most enduringly desirable addresses in the country. The Greenwich Village Historic District designation eliminates new competitive supply in the area, ensuring the scarcity that has always driven rents here. Direct access to the 1 train at Christopher Street and theA/C/E/B/D/F/M lines at West 4th Street provides seamless access to all Manhattan has to offer.