120 FORSYTH ST NEW YORK, NY 10002

Features

• Price/sqft: $363
• Lot Size: 0.06 acres
• Total Units: 22
• Stories: 5
• Heating: Natural Gas,Other (Heating),Steam

Facts

• Year Built: 01/01/1900
• Property ID: 991109179
• MLS Number: 490575
• Parcel Number: 00419-0046
• Property Type: Townhouse or Condo
• County: NEW YORK
• Zoning: C4-4A
• Listing Status: Active

Pre-Foreclosure Info

• Date Defaulted Lien: 04/15/2019
• Recording Date: 04/15/2019
• Recording Year: 2019

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Rare investment opportunityfor this 22 units mixed use building in Lower East Side with 6% cap rate. Total of 18 two-bedrooms residential units and 4 storeunits 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 exteriorwall refreshed within 2 years. Hot water heater was replacedwithin 2 years. High annual rental income of $340,000 and consistently generated substantial profits. Price aggressivelyfor today's market.