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Floor Plans
Map
$5,695,000
↓ $51.3M (90%)
●
Townhouse -
For Sale
120 E 10th Street
Manhattan, NY 10003
5 Beds
6 Baths
3920 Sqft
$30,201
Estimated Monthly
$0
HOA / Fees
1.11%
Cap Rate
About This Property
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.
Unit Size
3,920Ft²
Days on Market
205 days
Land Size
0.02 acres
Price per sqft
$1,453
Property Type
Townhouse
Property Taxes
$2,238
HOA Dues
-
Year Built
1861
Listed By
Last updated: 2 months ago (RLS #OLRS-00020061475)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 11, 2024 | Price Decreased |
$5,695,000
↓ $51M
(90%)
|
|
Price Decreased | |||
Oct 5, 2023 | Listed by APT212 INC | $56,950,000 | |
Listed by APT212 INC | |||
Nov 15, 2018 | Sold to 120 East 10 Llc | $5,000,000 | |
Sold to 120 East 10 Llc | |||
May 20, 1986 | Sold to Bwk Associates | $7,760 | |
Sold to Bwk Associates |
Property Highlights
Interior Details
Bedroom Information
Bedrooms: 5
Bathroom Information
Full Bathrooms: 6
Interior Information
Living Area: 3920
Room Information
Laundry Features: Common Area
Rooms: 20
Exterior Details
Property Information
Year Built: 1920
Building Information
Pets Allowed: Building Yes, Yes
Lot Information
Lot Size Dimensions: 18.00 x 50.00
Land Information
Tax Lot: 17
Tax Block: 465
Financial Details
Tax Annual Amount: $26,850
Location Details
Subdivision Name: E. Greenwich Village
Stories Total: 6
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
5
Beds
6
Baths
-
$50,000,000
Jun 29, 2023
$50,000,000
Jun 29, 2023
$38,041/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
120 East 10th Street
120 East 10th Street, New York, NY 10003
- 6 Units
- 1 Unit for Sale