Description
An excellent investment opportunity — a six-story, sun-filled townhouse featuring a private garden, common rooftop, and a prime location between 2nd and 3rd Avenues. The building offers approximately 3,800 SF across four residential units, along with a laundry room and storage room. Delivered with a clean title, no violations, and a four-family Certificate of Occupancy, qualifying the property for attractive residential loan programs and favorable financing rates. Approved architectural plans and active permits are in place for a potential value-add upgrade.
• As is cap rate 5%, pro forma cap rate 8%
• 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.
• As is cap rate 5%, pro forma cap rate 8%
• 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.
Location
120 E 10th Street, New York City, NY 10003
Listing courtesy of John Moss
