It previously was on the market for a total of 27 days.
27 days on Market
Pricing History
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Previous Photos & Floor Plan
Key Details
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Listed: Mar 8, 2024Last Price Change: -90% ($51.255M) on Mar 11Days on Market: 27Building Type: TownhouseNeighborhood: East Village (Manhattan)
Monthly Real Estate Taxes:
$2,238
Total Taxes & Fees:
$2,238
($0.57/ft2)
Est. Monthly Mortgage:
-
Mortgage calculator
Total Est. Monthly Carrying Cost:
$33,287
($8.49/ft2)
Note: the above is based on a down payment of 20% ($1,139,000),
which is the minimum amount permitted by the building.
Description
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.
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RLS IDX Data display by CityRealty.com, LLC.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
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 and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
An equal housing opportunity 
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