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.
Features
: Flat
Address Map
10002
Forsyth
120
Street
0
W74° 0' 28.3''
N40° 43' 9.1''
MLS Addon
: Mixed Use
0
1
: Hardwood, Tile
: Other
: Other
117860
Re/Max Real Estate Professiona
Siu Lun (Allen)Tang
slt5313
$0
$0
: Finished
: Brick
: Active
$58,000
Mixed Use For Sale
120 Forsyth Street, Manhattan, New York 10002
9,618 Sqft
$3,499,000
Listing ID #490575
Basic Details
Property Type : Mixed Use
Listing Type : For Sale
Listing ID : 490575
Price : $3,499,000
Square Footage : 9,618 Sqft
Year Built : 1900
Lot Area : 2,573 Sqft
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