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120 Forsyth Street Manhattan, NY $ 3,380,000
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$ 3,380,000 Get more info
120 Forsyth Street
$ 3,380,000
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Share Save

120 Forsyth Street

Manhattan, NY, 10002
$ 3,380,000
Bedrooms-- Baths-- Sq 9,618

Monthly Estimate*

$ 21,087

120 Forsyth Street, Manhattan, NY 10002 - Image 1
120 Forsyth Street, Manhattan, NY 10002 - Image 2
120 Forsyth Street, Manhattan, NY 10002 - Image 3

Commercial Property for sale in Manhattan, NY

for $3,380,000. This 9,618 square foot building was built in 1900 on a lot size of 0.059068.

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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Commercial Active

Price

$ 3,380,000

Property Type

Commercial

Taxes

$ 58,000

Style

Mixed Use

Lot Size

0.059068

Year Built

1900

Town/City

Manhattan

County/Region

New York

MLS | Web ID

490575
Features
Interior
Heating Fuel Gas
Flooring Hardwood Tile
Hot Water Hot Water Coil in Boiler
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General
Roof Flat
Electric 110 V
Stories Count 5
Property Type Mixed Use
Block 419
Yearly Taxes 58000.00
Transaction Type Sale
Financing 1031 Exchange Bank Mortgage Cash
Building Type Attached
Status Active
Construction Materials Brick
Cumulative Days on Market 264
MLS Area Lower East Side
Sub Type Mixed Use
Year Built 1900
City Manhattan
DOM 264
# Families 18
Public Remarks 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). Al
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Exterior
Exterior Brick
Foundation Poured Concrete
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Re/Max Real Estate Professiona

Broker

(917) 518-8880

Phone

Affordability Calculator

$25,920
Per Month
81%
19%
0%
Monthly Principal & Interest
$21,087
Monthly Property Taxes
$4,833
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
8/21/2025$3,380,000 -3.40% Price Down
4/3/2025$3,499,000 Listed Price

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120 Forsyth Street, Manhattan, NY, 10002 is a Commercial Property for sale at $3,380,000 with 9,618 sqft and a lot size of 0.059068. 120 Forsyth Street was built in 1900. The property's zip code is 10002 which is in Manhattan, NY

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