REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,499,000
Est. payment /mo
Active
120 Forsyth ST Manhattan, NY 10002
9,618 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,618 sqft
Price per Sqft $363
MLS Listing ID 490575
Year Built 1900
Annual Tax Amount $58,000
Property Sub-Type Mixed Use
Property Description
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.
Location
State NY
County New York (manhattan)
Area Lower East Side
Rooms
Basement Finished
Interior
Interior Features Other
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 5
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Re/Max Real Estate Professiona