NEW YORK CITY-DelShah Capital has closed on 100-102 Christopher St. in the West Village for $26.75 million.
The 21,849-square-foot, five-story white brick building contains 37 apartments. The sellers were Jeffrey Kaye and Robert Morgenstern of Stone Street Properties, who purchased the building in 2011. There were no brokers involved in the deal; the transaction was an off-market sale, according to a spokesman.
The building includes 17 one-bedroom residences, 10 two-bedrooms including two with large private balconies, 5 three-bedroom units including one with a large backyard, and 2 four-bedroom residences. 100-102 Christopher Street also contains three ground floor retail store spaces, occupied by high-end clothing company rag & bone.
Recent work to the property included renovation of the lobby, boiler and common hallways. More restoration is planned, says Michael Shah, principal of DelShah. “Half of the current free market apartments in the building have not been recently renovated. Our plan is to follow through and complete the renovations.”
DelShah also recently purchased 69 Gansevoort St., located in the heart of the Meatpacking District near the High Line and Standard Hotel; 55 Gansevoort St., a 20,692-square-foot commercial and retail building adjacent to 69 Gansevoort; and 58-60 Ninth Ave., situated opposite the Apple Retail Store in the Meatpacking District.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
