18-20 Christopher Street

Marketing description

New York Multifamily is pleased to exclusive offer two adjacent, newly renovated assets in the heart Gof reenwich 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).

Investment highlights

• 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-newfaçade, 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-qualityinvestment.

• 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 andWashington 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 desirableresidential markets. The area consistently attracts professionals, students, and long-term residents, supportingrecord-high rents driven by strong demand, limited inventory, and historically low vacancy.