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.