Updated 2 years ago
Off Market
120 East 10th Street
East Village, Manhattan | Third Ave & Second Ave
20 Rooms5 Beds6 Baths3,920 Square FeetMulti-Family
$5,695,000
floors / apts6 / 4
Lot Size18'x50'
Built Size18'x36'
ZoneR8B
Building TypeTownhouse
RE Taxes$26,850
Price Per SF
$1,453
Building Amenities
- Voice Intercom
- Garden
- Laundry Room
- Roof Deck
- Sprinkler System
Property Description for 120 East 10th Street
120 East 10th Street offers a unique investment chance on one of Manhattan’s most scenic blocks between 2nd and 3rd Avenues. This six-story townhouse boasts a quaint garden on the ground floor and a communal rooftop, merging tranquility with city life.
Current ownership has readied it for renovation with complete architectural designs, approved permits, and landmark clearances, and it is ready for immediate action. These plans, worth around $130,000, can be transferred to the new owner.
The renovation targets enlarging bedrooms and bathrooms and adding luxury finishes and appliances for a boutique hotel-style dwelling. Ideal for both long-term and premium short-term leases.
These improvements are expected to boost NOI by about 52%, highlighting its considerable potential for growth.
The current NOI is $314,000, which represents a $6,280,000 Value on a 5-CAP
The projected NOI is $477,531, which represents a $9,550,000 Value on a 5-CAP
100% free market
Gross 3800 sf
Four residential units
Unit #1 4 bedroom / 2bath Duplex /Private Garden
Unit #2 2 bedroom / one bath
Unit #3 2 bedroom / one bath
Unit #4 4beroom / 2bath Duplex
Shared common rooftop
Laundry room and a storage room
Current NOI $314,000
The Certificate of Occupancy (CO) is a four-family home.
Allows for residential -financing.
Clean Title and No Violations.
Approved architectural drawings and permits
All Tenant leases included a 90-day termination clause.
Current ownership has readied it for renovation with complete architectural designs, approved permits, and landmark clearances, and it is ready for immediate action. These plans, worth around $130,000, can be transferred to the new owner.
The renovation targets enlarging bedrooms and bathrooms and adding luxury finishes and appliances for a boutique hotel-style dwelling. Ideal for both long-term and premium short-term leases.
These improvements are expected to boost NOI by about 52%, highlighting its considerable potential for growth.
The current NOI is $314,000, which represents a $6,280,000 Value on a 5-CAP
The projected NOI is $477,531, which represents a $9,550,000 Value on a 5-CAP
100% free market
Gross 3800 sf
Four residential units
Unit #1 4 bedroom / 2bath Duplex /Private Garden
Unit #2 2 bedroom / one bath
Unit #3 2 bedroom / one bath
Unit #4 4beroom / 2bath Duplex
Shared common rooftop
Laundry room and a storage room
Current NOI $314,000
The Certificate of Occupancy (CO) is a four-family home.
Allows for residential -financing.
Clean Title and No Violations.
Approved architectural drawings and permits
All Tenant leases included a 90-day termination clause.
Building Details for 120 East 10th Street
OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts6/4
Transit and Citi Bike
Subway
Astor Pl
0.13 miles
8 St-NYU
0.21 miles
3 Av
0.21 miles
14 St-Union Sq
0.31 miles
1 Av
0.37 miles
Citi Bike
E 11 St & 3 Ave
0.06 miles
E 10 St & 2 Ave
0.11 miles
East Village | Manhattan
Quick Profile
The East Village has two distinct moods. By day, it is quiet and peaceful. Everyone is out and about, either working or relaxing at Tompkins Square Park, strolling or jogging along the East River, or hanging out in one of the subsets of cultural activity, such as St. Mark’s Place.
But then night falls, and the East Village comes to life, keeping the entertainment and nightlife going long after the other neighborhoods have called it quits for the night. People from all five boroughs flock to the dive bars and speakeasies, head for their favorite cafes and restaurants, or drop in to a music venue to listen to hot tunes or cool jazz and dance the night away. Don’t worry, you don’t have to “know somebody” to gain admittance to even the most popular venues. You won’t find velvet ropes, bouncers, or and a waiting list at the door of most places. Just walk right in and enjoy yourself.
Be prepared for the increased population during fall through spring, when NYU is in session. College students will be everywhere, contributing to the youthful essense of the neighborhood.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 61475TH
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