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
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