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20 Christopher St
New York, NY 10014
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
New York Multifamily is pleased to offer the following opportunity located in the booming Greenwich Village neighborhood. 20 Christopher Street is located on Christopher Street between Gay Street & Waverly Place and contains a gross square footage of 2,100. The property is zoned R6.
THE OPPORTUNITY
• 100% Free Market: Having fewer than six apartments, this property is not subject to rent stabilization or regulation, allowing for full flexibility in leasing strategy.
• Newly Renovated, Turnkey / Finished Product Asset: Ownership recently underwent a comprehensive top-to-bottom renovation, including brand new facade, common areas, hallways, and building systems (mechanical, electrical, plumbing). The asset features efficient modernized apartments with condo-level finishes, new kitchens, bathrooms, and flooring.
• Protected Tax Class 2A: This asset falls into the highly desirable Tax Class 2A designation. As such, property taxes can increase by no more than 8% year over year, and by no more than 30% in any given 5-year period.
• Prime West Village Location: 20 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by premier dining, retail, and cultural destinations. The area attracts professionals, students, and long-term residents, with record-high rents fueled by strong demand, tight supply, and low vacancy.
Protected Tax Class 2A: This asset falls into the highly desirable Tax Class 2A designation. As such, property taxes can increase by no more than 8% year over year, and by no more than 30% in any given 5-year period.
• Prime West Village Location: 20 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by premier dining, retail, and cultural destinations. The area attracts professionals, students, and long-term residents, with record-high rents fueled by strong demand, tight supply, and low vacancy.
THE OPPORTUNITY
• 100% Free Market: Having fewer than six apartments, this property is not subject to rent stabilization or regulation, allowing for full flexibility in leasing strategy.
• Newly Renovated, Turnkey / Finished Product Asset: Ownership recently underwent a comprehensive top-to-bottom renovation, including brand new facade, common areas, hallways, and building systems (mechanical, electrical, plumbing). The asset features efficient modernized apartments with condo-level finishes, new kitchens, bathrooms, and flooring.
• Protected Tax Class 2A: This asset falls into the highly desirable Tax Class 2A designation. As such, property taxes can increase by no more than 8% year over year, and by no more than 30% in any given 5-year period.
• Prime West Village Location: 20 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by premier dining, retail, and cultural destinations. The area attracts professionals, students, and long-term residents, with record-high rents fueled by strong demand, tight supply, and low vacancy.
Protected Tax Class 2A: This asset falls into the highly desirable Tax Class 2A designation. As such, property taxes can increase by no more than 8% year over year, and by no more than 30% in any given 5-year period.
• Prime West Village Location: 20 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by premier dining, retail, and cultural destinations. The area attracts professionals, students, and long-term residents, with record-high rents fueled by strong demand, tight supply, and low vacancy.
PROPERTY FACTS
| Price Per Unit | $999,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 5.10% | Building Size | 2,172 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | ||
| Zoning | R6 - R6 - Medium density residential district | ||
| Price Per Unit | $999,000 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 2,172 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Zoning | R6 - R6 - Medium density residential district |
PROPERTY TAXES
| Parcel Number | 0593-0042 | Improvements Assessment | $301,777 |
| Land Assessment | $86,367 | Total Assessment | $388,144 |
PROPERTY TAXES
Parcel Number
0593-0042
Land Assessment
$86,367
Improvements Assessment
$301,777
Total Assessment
$388,144
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