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Multifamily

69 W 10th St

69 W 10th St, New York, NY 10011

Listing Price: $3,995,000

Cap Rate
7.50%
Number of Units
2
Price/Unit
$1,997,500
Price/Gross SF
$1,236.84
Gross SF
3,230

Investment Overview

Marcus & Millichap is pleased to present 69 West 10th Street, offered to the market for the first time in over 35 years. Offered as a blank canvas, the prospective purchaser can renovate and create a 2,300 SF, 4 bedroom triplex and benefit from the rental income, gut the interior and create multiple units upstairs, live in the property and benefit from the downstairs income, or alternatively redevelop the property into a single-family residence. Renown as one the best blocks in Greenwich Village, 69 West 10th Street is located amidst the world's most desirable locations. Just steps from the Jefferson Market Library, Washington Square Park, and NYU, as well as in close proximity to A, B, C, D, E, F, L, M, 1, 2, and 3 subway lines. 69 West 10th Street falls into the highly desirable protected tax class 1. As such, the annual property tax can increase by no more than 6% annually, and by no more than 20% over any given five year period.

Investment Highlights

  • 39 Years under the same ownership -- providing any investor with the chance to purchase a trophy asset in Manhattan's most desirable neighborhood.
  • Presenting a blank canvas to renovate the building to the purchaser's liking, the property can be delivered 100% vacant upon sale
  • Just steps from the Jefferson Market Library, Washington Square Park, and New York University, as well proximity to the terrific transportation and restaurants

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    (212) 430-5231

    Email Peter

    License(s): NY: 10401319098

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

Multifamily

69 W 10th St

Listing Price: $3,995,000

Cap Rate
7.50%
Number of Units
2
Price/Unit
$1,997,500
Price/Gross SF
$1,236.84
Gross SF
3,230

Investment Highlights

  • 39 Years under the same ownership -- providing any investor with the chance to purchase a trophy asset in Manhattan's most desirable neighborhood.
  • Presenting a blank canvas to renovate the building to the purchaser's liking, the property can be delivered 100% vacant upon sale
  • Just steps from the Jefferson Market Library, Washington Square Park, and New York University, as well proximity to the terrific transportation and restaurants

Investment Overview

Marcus & Millichap is pleased to present 69 West 10th Street, offered to the market for the first time in over 35 years. Offered as a blank canvas, the prospective purchaser can renovate and create a 2,300 SF, 4 bedroom triplex and benefit from the rental income, gut the interior and create multiple units upstairs, live in the property and benefit from the downstairs income, or alternatively redevelop the property into a single-family residence. Renown as one the best blocks in Greenwich Village, 69 West 10th Street is located amidst the world's most desirable locations. Just steps from the Jefferson Market Library, Washington Square Park, and NYU, as well as in close proximity to A, B, C, D, E, F, L, M, 1, 2, and 3 subway lines. 69 West 10th Street falls into the highly desirable protected tax class 1. As such, the annual property tax can increase by no more than 6% annually, and by no more than 20% over any given five year period.

Exclusively Listed By

  • Joe Koicim

    Licensed Associate Real Estate Broker

    (212) 430-5147

    Email Joe

    License(s): NY: 10311201039, NY: 10301208718

    Manhattan

  • Peter Dodge

    Licensed Real Estate Salesperson

    (212) 430-5231

    Email Peter

    License(s): NY: 10401319098

    Manhattan

  • Peter Von Der Ahe

    Licensed Associate Real Estate Broker

    (212) 430-5114

    Email Peter

    License(s): NY: 10301209838, NY: 31VO0942643

    Manhattan

  • Logan Markley

    Licensed Real Estate Salesperson

    (212) 430-5194

    Email Logan

    License(s): NY: 10401268674

    Manhattan

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