120 E 10th St, New York, NY 10003

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.<br><br>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%.<br><br>The current NOI is $314,000, which represents a $6,280,000 Value on a 5-CAP<br><br>The projected NOI is $477,531, which represents a $9,550,000 Value on a 5-CAP<br><br>• 100% free market<br>• Gross 3800 sf<br>• The Certificate of Occupancy (CO) is a four-family home.<br>• Allows for residential -financing.<br>• Clean Title and No Violations.<br>• All Tenant leases included a 90-day termination clause.