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120 E 4th St
New York, NY 10003 (East Village)
Off Market · Public Record
Contact For Estimate

120 E 4th St New York, NY 10003

(East Village)
  • 17,443 sqft
  • 4,808 sqft lot size
  • Multi-Family
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  • Low crime relative to the rest of New York county.

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  • 35 Elementary Schools

    14 Middle Schools

    12 High Schools

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Property Details for 120 E 4th St


This property is no longer available to rent or buy. This description is from December 15, 2012
Webb Development Services has been retained on an exclusive basis to arrange for the sale of three adjacent walk-up apartment buildings; one 6-story, one 5-story and one 4-story that includes newly added bulkheads to private terraces. The buildings are on two lots with 75 of frontage, approximately 26,000 gross square feet and 69 units. Located just east of Broadway and the Bowery in one of New York Citys most famous and desirable neighborhoods, the East Village is known for its diverse community, vibrant nightlife, retail diversity, restaurant density, artistic sensibility, and recent ...gentrification. The buildings feature 69 apartments split between 47 fair market and 22 rent stabilized units of which there are 31 studios, 34 one-bedrooms, 3 two-bedrooms, and 1 three-bedroom. The fair market apartments have been fully gut renovated and feature beautiful dark hardwood floors, dark cabinetry, stainless steel appliances, granite countertops, marble bathrooms, new moldings, and high-end light fixtures. Current ownership has also completely renovated all of the buildings common areas, installed a coin-operated laundry room, upgraded the electric, repointed the facade wherever necessary, re-paved the courtyard, which has beautiful decorative stone that includes a bike rack as well as installed a new intercom system, private roof decks, and private backyards in the 118 building. These improvements have dramatically increased the amount of upside to be realized with the buildings 22 remaining regulated units. With still more upside, 118 & 120-22 East 4th Street currently has gross income of approximately $1.68 million and poses a unique investment opportunity in a great neighborhood. Overview Building Type: Apartment Buildings Location: South side of E. 4th Street b/w First and Second Avenues. Block/Lot: 445/25 and 26 Lot Dimensions: 75' x 96.17' (Approx.) Lot Sq Ft: 7,212.75 (Approx.) Available Air Rights: None Stories: one 6-story, one 5-story and one 4-story Residential Units: 69 Zoning: R7-2 FAR: 3.44 Building Sq Ft: 26,000 (Approx.) Building Dimensions: 118: 25' x 70' and 120-22: 50' x 46' (Front Bldg) (Approx.) Expenses Real Estate Taxes: $292,852 (12/13 Assessment) Insurance: $20,878 (2011 Actual) Water/Sewer: $22,853 (2011 Actual) Fuel: $62,263 (2011 Actual) & Elec. Repairs/Maintenance: $20,700 ($300 per Unit) Management Fees: $50,367 (3% of Gross Income) Miscellaneous: $16,789 (1% of Gross Income) Super: $11,733 ($225 per Week) Total Annual Expenses: $498,435 (As of October 25, 2012) Investment Information Gross Monthly Income: $139,908 (As of October 25, 2012) Gross Annual Income: $1,678,895 (As of October 25, 2012) Less Total Expenses: $498,435 (As of October 25, 2012) Net Operating Income: $1,180,460 (As of October 25, 2012) Summary Capitalization Rate: 5.02% (Based off Asking Price) Gross Rent Multiple: 13.99 (Based off Asking Price)
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120 E 4th St Public Records


Official property, sales, and tax information from county (public) records as of 12/2016:
    • Apartment house (5+ units)
    • Built In 1900
    • 2 Buildings
    • 17,443 sqft
    • Stories: 5 story
    • County: New York
    • Lot Size: 4,808 sqft
    • 48 Units
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Additional Costs For 120 E 4th St


Property Taxes and Assessment of 120 E 4th St


Land
Improvement
Total
$477,000
+
$1,718,100
=
$2,195,100
Land
Improvement
Total
$1,060,000
+
$3,818,000
=
$4,878,000
Year Tax Assessment Market
2016 $225,118 $2,195,100  $4,878,000 
Source: Public Records

Price History & Trends


Price History for 120 E 4th St


Date Event Price Source Agents
04/24/2013 Sold view detail $13,333,333 Public records Public records  
  • Recording Date
    04/24/2013
  • Contract Date
    04/09/2013
  • Sale Price
    $13,333,333
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $0
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Deed
12/07/2010 Sold view detail $7,475,000 Public records Public records  
  • Recording Date
    12/07/2010
  • Contract Date
    11/19/2010
  • Sale Price
    $7,475,000
  • Price Type
    Full amount stated on Document.
  • City Transfer Tax
    $0
  • County Transfer Tax
    $0
  • Total Transfer Tax
    $0
  • Transaction Type
    Insured Non-Residential Grant Deed
  • Document Type
    Deed

Real Estate Trends in this area

Median sale price for all homes in this area $1,425,000 0% below listing price

Sold Homes near 120 E 4th St


Address Distance Property Type Sold price Sold date Bed Bath Sqft
202 Carroll St, Brooklyn NY 3.09 Multi-Family $3,400,000 06/28/17 - - 3,740
123 Washington Ave, Brooklyn NY 2.36 Multi-Family $1,443,000 06/28/17 - - 2,400
58 Macon St, Brooklyn NY 3.69 Multi-Family $1,800,000 07/17/17 - - 3,600
183 Park Ave, Brooklyn NY 2.17 Multi-Family $1,150,000 06/30/17 - - 1,668
464 Jefferson Ave, Brooklyn NY 3.81 Multi-Family $1,700,000 07/11/17 - - 3,000
125 Halsey St, Brooklyn NY 3.62 Multi-Family $1,750,000 06/27/17 - - 3,060
86A 3rd Pl, Brooklyn NY 3.27 Multi-Family $3,600,000 07/17/17 - - 2,392
190 Clermont Ave, Brooklyn NY 2.46 Multi-Family $2,500,000 07/14/17 - - 2,752
436 Jefferson Ave, Brooklyn NY 3.78 Multi-Family $1,900,000 07/11/17 - - 2,248
957 Lorimer St, Brooklyn NY 1.85 Multi-Family $1,800,000 07/17/17 - - 1,890