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.
Active
$3,499,000
120 Forsyth St APT 1, New York, NY 10002
36beds
9,618sqft
Rental Unit
Built in 1900
-- sqft lot
$-- Zestimate®
$364/sqft
$-- HOA
What's special
New flat roof
- 123 days
- on Zillow |
- 1,164 |
- 51 |
Zillow last checked: 7 hours ago
Listing updated: July 10, 2025 at 01:37am
Listing by:
Remax Real Estate Professionals 917-518-8880,
Siu Lun Tang
Source: StreetEasy,MLS#: S1763408
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 36
- Bathrooms: 20
- Full bathrooms: 20
Interior area
- Total structure area: 9,618
- Total interior livable area: 9,618 sqft
Property
Features
- Has view: Yes
- View description: City, Park/Greenbelt
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Rental Unit
Condition
- Year built: 1900
Community & HOA
Community
- Subdivision: Lower East Side
Location
- Region: New York
Financial & listing details
- Price per square foot: $364/sqft
- Date on market: 4/2/2025
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