Building
| Type: | Townhouse |
|---|---|
| Era: | Post-war |
| Floors: | 6 |
Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 20 |
| Bedrooms: | 5 BR |
| Bathrooms: | 6 |
| Pets: | Pets Unknown |
FinancialsPrice: $5,695,000
| Price: | $5,695,000 |
|---|
Description120 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.
AmenitiesSprinkler System; Garden; Laundry Room; Roof Deck;
- Garden
- Laundry Room
- Roof Deck
- Voice Intercom
- Walk-up
Neighborhood
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.
Sprinkler System; Garden; Laundry Room; Roof Deck;
- Garden
- Laundry Room
- Roof Deck
- Voice Intercom
- Walk-up
Neighborhood
120 East 10th Street in Manhattan is a prime investment opportunity.
Description120 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.
AmenitiesSprinkler System; Garden; Laundry Room; Roof Deck;
- Garden
- Laundry Room
- Roof Deck
- Voice Intercom
- Walk-up
Neighborhood
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.
Sprinkler System; Garden; Laundry Room; Roof Deck;
- Garden
- Laundry Room
- Roof Deck
- Voice Intercom
- Walk-up
Neighborhood
RLS Data display by Nest Seekers LLC.
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. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.