New York Multifamily is pleased to exclusive offer two adjacent, newly renovated assets in the heart of Greenwich Village. Situated on the south side of Christopher, between Gay Street & Waverly Place, 18-20 Christopher Street and 8 Total Residential units and 3 Commercial Units. Spanning approximately a gross square footage of 4,016 square feet, these properties are zoned R6 and Tax Class 2A Protected (Block 593, Lots 42 and 43).
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-new façade, upgraded common areas and hallways, and fully modernized building systems (mechanical, electrical, and plumbing). 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-quality investment.
Protected Tax Class 2A: The property benefits from the highly coveted Tax Class 2A designation, providing exceptional 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-term downside protection in a rising tax environment.
Prime West Village Location: 18–20 Christopher Street is ideally situated just steps from Sheridan Square and Washington Square Park, at the heart of the West Village. Surrounded by world-class dining, boutique retail, and iconic cultural destinations, the neighborhood remains one of Manhattan’s most supply-constrained and desirable residential markets. The area consistently attracts professionals, students, and long-term residents, supporting record-high rents driven by strong demand, limited inventory, and historically low vacancy.