120 Forsyth St
new york, New York 10002$3,499,000
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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.
Details
9,618 Sq Ft
2,573 Sq Ft Exterior Space
Other
$58,000 Annual Tax
Built in 1900
MLS/Listing ID 7253023
5 Stories
Listing Courtesy of RE/MAX REAL ESTATE PROFESSIONA, SIU LUN (ALLEN)TANG - 718-872-5522
Source of Data: BROOKLYN MLS