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18 Christopher Street

Dalan Management Purchases Multifamily Properties At 18 & 20 Christopher Street For $7.31M
SOLDMultiFamily

Dalan Management Purchases Multifamily Properties At 18 & 20 Christopher Street For $7.31M

18 Christopher Street & 20 Christopher Street

$7,311,000

$1,235/SF

Building Size

5,920 SF

Asset Type

MultiFamily

Closing

May 5, 2026

AI

The property asset involved in this transaction consists of two multifamily buildings located at 18 Christopher Street and 20 Christopher Street in the West Village market. The sale price was set at $7,311,000, with a total square footage of 4,016, resulting in a price per square foot of $1,820.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,311,000
  • Square Footage: 4,016
  • Price per Square Foot: $1,820
  • Buyer: Danny Wrublin, Andy Wrublin & James Glassman - Dalan Management
  • Seller: Lionel Nazarian
  • Brokers: Joseph Koicim, Peter Dodge & Paige DeMutis - Marcus & Millichap
  • Transaction Date: 5/6/2026

The supervisory role in this deal was notably led by Joe Koicim, who is part of the New York Multifamily team that is actively involved in selling assets throughout the city. Peter Dodge and Paige DeMutis also played significant roles in the brokerage process. Those interested in asset evaluation on the West Side Market or in acquiring properties in the 5-boroughs this year were encouraged to reach out to these brokers.

Players

Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Broker

$2.7B

vol

174 deals

Broker
Dalan Management
Dalan ManagementBuyer

Lionel Nazarian

Seller

$33.3M

vol

6 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93