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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



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.
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 | Property Subtype | Apartment |
| Price Per Unit | $817,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 5% | Building Size | 4,016 SF |
| Gross Rent Multiplier | 14.2 | No. Stories | 3 |
| No. Units | 11 | Year Built | 1910 |
| Property Type | Multifamily | ||
| Zoning | R6 - R6 - Medium density residential district | ||
| 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 |
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
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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