Listing courtesy of APT 212 Realty Group
120 East 10th Street, New York, (E. Greenwich Village), NY, 10003
20 rooms
5 beds
6 Full baths
1920
120 East 10th Street in Manhattan is a prime investment opportunity. It is currently in excellent condition and fully occupied with a strong rental income. This six-story townhouse features a laundry room, tenant storage, a garden, and a rooftop.
Approved renovation plans, including designs and permits valued at $130,000, were done and can be transferred to the new owner, offering an option to transform the property into a luxury boutique dwelling. These upgrades could boost NOI by 52%.
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
• The Certificate of Occupancy (CO) is a four-family home.
• Allows for residential -financing.
• Clean Title and No Violations.
• All Tenant leases included a 90-day termination clause.
Status:
Active
Town:
New York
Type:
Multi-family
Zoning:
R8B
Building Type:
Townhouse
Cooling:
Unknown Type
Levels:
6
Amenities:
Sprinkler System; Garden; Laundry Room; Roof Deck;
Building Access:
Walk-up
Service Level:
Voice Intercom
Built Size:
18'x36'
OLR #:
00030061475
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