120 E 10th St 4 Unit Apartment Building $5,475,000 ($1,368,750/Unit) 5% Cap Rate New York, NY 10003

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.