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Multi Family - for Sale

120 FORSYTH ST, MANHATTAN, NY 10002

Asking Price$3,380,000

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  • Days on market:

    183 day(s)
  • Original Price:

    $3,499,000
  • Price per sqft:

    $351.42
  • Property Type:

    Multi Family
  • Total Families:

    18
  • Loading docks:

    Other
  • Borough:

    Manhattan
  • Crossing Street:

    DELANCEY STREET
  • Electric Service:

    110 V
  • Construction Type:

    Brick
  • Yard:

    BackFront
  • Roof:

    Flat
  • Foundation:

    Poured Concrete
  • Heat Delivery:

    Steam/Radiator
  • Loading docks:

    Other
  • Basement Amenities:

    Finished

Description

$3,380,000 • living size area 9618 sqft

Rare investment opportunity for this 22 units mixed use building in lower east side with 6% cap rate. total of 18 two-bedrooms residential units and 4 store units total of 22 units (c4-4a zoning). all 4 stores are vacant and 1 two-bedrooms unit will be delivered, remaining 17 two-bedrooms units with leases. new flat roof and exterior wall refreshed within 2 years. hot water heater was replaced within 2 years. high annual rental income of $340,000 and consistently generated substantial profits. price aggressively for today's market.
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