Investment Overview

Marcus & Millichap is pleased to offer the following opportunity located in the heart of the West Village. 13-15 Christopher Street is situated on the north side of Christopher Street between Gay Street and Waverly Place. The property boasts an approximate gross square footage of 8,280, is zoned R6, and is built 40 ft x 40 ft on a 40 ft x 90 ft lot (Block: 610; Lot: 66). With 6 out of the 7 residential units being free-market and in-place rents sitting well below what the West Village commands, the opportunity features considerable free market rental upside. The asset spans studios, 1-bedrooms, and large 4-bedroom layouts across the residential component, with natural diversification across renter profiles. The standout is the carriage house, a 5-bedroom, 4.5 bath apartment rented MTM providing an opportunity for a live + income investment or immediate rental upside. The commercial component is anchored by Maverick House's recently signed 10-year leases on the lower stores, with the upper stores providing near-term upside. 13-15 Christopher Street sits steps from Sheridan Square and Washington Square Park, surrounded by the dining, retail, and cultural fabric that makes the West Village one of the most enduringly desirable addresses in the country. The Greenwich Village Historic District designation eliminates new competitive supply in the area ensuring the scarcity that has always driven rents here.