18-20 Christopher St, New York Multi-Family FOR SALE


New York, NY - West Village
$8,135,000 USD
646-805-1476
, New York, NY for Sale
$8,135,000 USD
Multi-Family - FOR SALE
1/22
null | 5.5% Cap Rate

18-20 Christopher St, New York
New York, NY
West Village


HIGHLIGHTS

  • Newly renovated turnkey multifamily assets featuring full building system upgrades, modernized common areas, and condo-level apartment finishes.
  • Highly desirable Tax Class 2A status providing capped annual tax increases and long-term expense stability for investors.
  • Prime Greenwich Village location steps from Sheridan Square and Washington Square Park, surrounded by boutique retail, dining, and cultural landmarks.
  • Strong rent roll with 75 percent fair-market units and fully leased residential and commercial spaces supporting consistent revenue.
  • Mixed-use configuration with 8 residential units and three commercial units positioned within a supply-constrained, high-demand Manhattan submarket.
  • Attractive investment fundamentals including institutional-quality finishes, stable tenancy, and documented upside through pro forma rent growth.

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Paige DeMutisMarcus & MillichapMore Info
646-805-1476

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Paige DeMutisMarcus & MillichapMore Info
646-805-1476

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.