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.
