Multi-family

Prime East Village Multifamily Asset – 120 East 10th Street

Asking Price: $5,595,000
Price per Unit: $1,398,750
Cap Rate: 5.23%
Sale Type: Investment
Property Type: 2-Star Mid-Rise Walk-Up Apartments
Status: Active
Address: 120 East 10th Street, New York, NY, 10003
Neighborhood: East Village / Greenwich Village Border – Manhattan CBD
Total Units: 4
Avg. Unit Size: 1,250 SF
Gross Building Area (GBA): 3,789 SF
Stories: 5
Typical Floor Size: 758 SF
Building Class: C
Rent Type: Market Rate
Buildings: 1
Density: Approx. 178 Units per Acre

Property Overview:

120 East 10th Street offers a rare opportunity to acquire a stabilized, high-yield multifamily asset in the heart of Manhattan’s East Village. With four oversized market-rate units spread across five floors, this 3,789 SF walk-up building is ideally positioned for both long-term growth and immediate income, with a healthy 5.23% cap rate at asking.

Investment Highlights:

✔ Generous Unit Sizes: 1,250 SF average per apartment – ideal for high-end rentals or shared occupancy
✔ Market-Rate Rents: All units are free-market, offering full upside and revenue control
✔ Efficient Footprint: Compact, low-maintenance building with strong cash flow and minimal overhead
✔ Location Advantage: Steps from St. Mark’s Place, Astor Place, Union Square, and Tompkins Square Park
✔ Proven Rent Demand: High-performing rental neighborhood with low vacancy and diverse tenant base
✔ Investor Flexibility: Excellent for buy-and-hold, potential condo conversion, or 1031 exchange

Neighborhood & Access:

• Between 3rd and 4th Avenues – surrounded by restaurants, cafés, and NYU campus
• Quick access to the 6, N, R, L trains at Astor Place and Union Square
• Excellent walkability, bike score, and local amenities

Conclusion:

120 East 10th Street combines location, scale, and income in one of Manhattan’s most sought-after neighborhoods. With generous unit layouts, full market-rate status, and a strong in-place return, this boutique asset is ideal for private investors and family offices seeking stability and long-term appreciation in a core NYC submarket.

Contact us today for financials, rent roll, and to schedule a confidential property tour.