$3,499,000

120 Forsyth St New York, NY 10002

Bowery Neighborhood

Estimated payment $23,991/month

Total Views 1,655
-- Bed
-- Bath
9,618 Sq Ft
$364 Price per Sq Ft

Highlights

  • Wood Flooring
  • 2-minute walk to Bowery
  • Back and Front Yard
  • P.S. 42 Benjamin Altman Rated A
  • Heating System Uses Steam
  • 4-minute walk to Hester Street Playground

About This Home

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.

Listing Agent

ALLEN SIU LUN TANG

Re/Max Real Estate Professiona Listed on: 04/02/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $58,000

Year Built

  • Built in 1900

Lot Details

  • 2,573 Sq Ft Lot
  • Lot Dimensions are 100 x 25
  • Back and Front Yard

Home Design

  • 9,618 Sq Ft Home
  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Flooring

  • Wood
  • Tile

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 110 Volts

Additional Features

  • Finished Basement

Listing and Financial Details

  • Tax Block 419

Community Details

Overview

  • 18 Units
  • 5-Story Property

Building Details

  • 22 Vacant Units
  • Fuel Expense $500
  • Utility Expense $500
  • Gross Income $340,000

Property Details

Property Type

Other

Est. Annual Taxes

$58,000

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Basement Amenities: Finished
  • Borough: Manhattan
  • Building Footprint Sq Ft: 1975
  • Building Length: 79.00
  • Building Width: 25.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: DELANCEY STREET
  • Cross Street Name2: BROOME STREET
  • Heat Delivery: Steam/Radiator
  • Number Of Available Units: 22
  • Number Of Families: 18
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 9618
  • Building Stories: 5
  • Street Name I D X: Forsyth
  • Street Number I D X: 120
  • Year Built: 1900
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Hardwood, Tile
  • Lot Sq Ft: 2573

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 46
  • Roof: Flat

Utilities

  • Air Conditioning Units: 0
  • Electric: 110 V
  • Heating Fuel: Gas
  • Hot Water: Hot Water Coil in Boiler

Fee Information

  • Annual Fuel Expense: 500.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 25

Multi Family

  • Annual Gross Expense: 70000.00
  • Annual Gross Income: 340000
  • Unit Count: 22
  • Annual Utility Expenses: 500.00

Tax Info

  • Flip Tax Amount: 58000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 For Sale $3,499,000 -- $364 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 490575

Brooklyn Board of REALTORS®

APN: 00419-0046 01

New York New York County New York 10002 Bowery

120 Forsyth St, New York, NY

This home is located at 120 Forsyth St, New York, NY 10002 and is currently priced at $3,499,000, approximately $363 per square foot. This property was built in 1900. 120 Forsyth St is a home located in New York County with nearby schools including P.S. 42 Benjamin Altman, M.S. 131 Dr. Sun Yat Sen, and Clinton School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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ALLEN SIU LUN TANG
Listing Agent
ALLEN SIU LUN TANG
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Re/Max Real Estate Professiona
(917) 518-8880