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18-20 Christopher Street 20 Christopher St 11 Unit Apartment Building $8,995,000 ($817,727/Unit) 5% Cap Rate New York, NY 10014

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Executive Summary

New York Multifamily is pleased to exclusive offer two adjacent, newly renovated assets, in the heart GreenwichVillage. Situated on the south side of Christopher, between Gay Street & Waverly Place, 18-20 Christopher Street and8 Total Residential units and 3 Commercial Units. Spanning approximately a gross square footage of 4,016 squarefeet these properties are zoned R6 and Tax Class 2A Protected (Block 593, Lots 42 and 43).

THE OPPORTUNITY

• Newly Renovated, Turnkey / Finished Product Asset: Ownership has recently completed a comprehensive, top-to-bottom renovation, transforming the property into a true turnkey offering. Improvements include a brand-newfaçade, upgraded common areas and hallways, and fully modernized building systems (mechanical, electrical, andplumbing). The apartments have been thoughtfully redesigned with efficient layouts and condo-level finishes,featuring new kitchens, bathrooms, and flooring—positioning the asset as a low-maintenance, institutional-qualityinvestment.

• Protected Tax Class 2A: The property benefits from the highly coveted Tax Class 2A designation, providingexceptional tax stability. Under this classification, real estate taxes are capped at a maximum increase of 8%annually and no more than 30% over any five-year period, offering investors predictable expenses and long-termdownside protection in a rising tax environment.

• Prime West Village Location: 18–20 Christopher Street is ideally situated just steps from Sheridan Square andWashington Square Park, at the heart of the West Village. Surrounded by world-class dining, boutique retail, andiconic cultural destinations, the neighborhood remains one of Manhattan’s most supply-constrained and desirableresidential markets. The area consistently attracts professionals, students, and long-term residents, supportingrecord-high rents driven by strong demand, limited inventory, and historically low vacancy.

Property Facts

Price $8,995,000
Price Per Unit $817,727
Sale Type Investment
Cap Rate 5%
Gross Rent Multiplier 14.2
No. Units 11
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.03 AC
Building Size 4,016 SF
No. Stories 3
Year Built 1910
Zoning R6 - R6 - Medium density residential district
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
0593-0042
Land Assessment
$86,367
Improvements Assessment
$301,777
Total Assessment
$388,144
  • Listing ID: 38013076

  • Date on Market: 10/9/2025

  • Last Updated:

  • Address: 20 Christopher St, New York, NY 10014

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