Stone Street Properties Featured in New York Post Article 

In an all-cash deal, two West Village apartment houses were sold for $32.6 million to Stone Street Properties.

The five-story walkup at 100-102 Christopher St. between Bleecker and Bedford Streets has 37 apartments and three stores and was built in 1920.

The five-story elevatored property at 7-11 Cornelia St. was constructed in 1900 and has 48 apartments and two stores along with a charming carriage house.

Seller Ioannis Danallis owned the buildings for 13 years and hired Laurence Ross, Christen Portelli and John Goldflam from the Highcap Group to market them.

With total income of $2.7 million and a net operating income of $1.9 million, the sale was completed at an income multiple of 12 and a 5.8 percent cap rate.


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