120 E 10th St - Apartments FOR SALE


New York, NY 10003- East Village
$5,475,000 USD
120 E 10th St, New York, NY for Sale
$5,475,000 USD
Apartments - FOR SALE
1/22
null | 5% Cap Rate

120 E 10th St
New York, NY 10003
East Village


HIGHLIGHTS

  • Multi-unit mix allows configuration flexibility.
  • Well-located and transit-rich area.
  • Prime East Village location near NYU and major transit.
  • Neighborhood characterized by limited new development, strict zoning, and historically strong rent growth.
  • Easy access to multiple subway lines, including 4, 5, 6, N, Q, R, and L trains.
  • Walkable to Union Square and Astor Place transit hubs.

OVERVIEW

Nestled in the heart of Manhattan’s East Village, 120 East 10th Street presents a rare opportunity to acquire a sun-filled, six-story townhouse in one of New York City’s most resilient and supply-constrained submarkets. This property combines historic charm with modern potential, offering approximately 3,800 square feet across four residential units, complemented by a private garden and a common rooftop retreat. Delivered free of violations and supported by a four-family Certificate of Occupancy, the asset qualifies for attractive residential financing programs, enhancing its investment appeal. The East Village is renowned for its authentic character, proximity to NYU, and easy access to Lower Manhattan employment hubs. With limited new development and strict zoning regulations, the neighborhood consistently experiences strong rental demand, low vacancy rates, and steady rent growth. Approved architectural plans and active permits provide a clear path for value-add enhancements, positioning this property for significant upside. Whether held as a stabilized income-producing asset or redeveloped for premium living spaces, 120 East 10th Street offers enduring value in a market defined by scarcity and desirability.

FOR SALE DETAILS

PRICE

$5,475,000 USD

PRICE/SF

$1,445 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,368,750

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

980 SF

ZONING

R72, Manhattan

APN/PARCEL ID

0465-0017

ASK ABOUT THIS PROPERTY

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