Skip Navigation
StreetEasy Logo

$3,380,000

For Sale

9,618 ft²

$351 per ft²

64 rooms

36 beds

20 baths

WANT TO STAY UPDATED?Save this home for email and push notifications on price and more.

This home has been saved by 74 users.

Listing by Remax Real Estate Professionals, Corporate Broker, 6423 11th Avenue, Brooklyn, NY 11219

Common charges

Not applicable

Estimated payment

Arrow icon$17,314/mo

Legal disclaimerAll calculations are estimates provided by StreetEasy for informational purposes only. Actual amounts or financing terms may vary. Please contact your mortgage provider for specifics.

Taxes

No info

Tax abatement

No info

About

Seller’s agent

/

Allen Tang (Siu Lun)

Licensed Associate Real Estate Broker

Remax Real Estate Professionals

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.

Policies

Sorry, policy info isn’t available right now. Check back later.

Home features

  • View

    City, Park

Building amenities

No info on building amenities

About the building

120 Forsyth Street

120 Forsyth Street, New York, NY 10002

Rental building inLower East Side

18 units

5 stories

1900 built

Property history

  • Price Change: ↓ $119,000 (-3.4%) on 8/21/25
  • Days on market: 246 daysThis is the number of days the listing has been on StreetEasy.
DatePriceEvent

8/21/2025

$3,380,000

Price decreased by 3%

4/2/2025

$3,499,000

Listed by Remax Real Estate Professionals

Sign in to take a closer look at how this home compares to similar homes.

Explore Lower East Side

Transit

LocationDistance

JZat Bowery

under 500 feet

BDat Grand St

under 500 feet

FJMZat Delancey St

0.2 miles

FJMZat Essex St

0.24 miles

Fat 2nd Av

0.3 miles

About Lower East Side

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

36 beds

$3.38M

The narrow streets of the Lower East Side were once lined with tenement buildings, shirt factories and bialy shops. Although a few vestiges of the neighborhood's immigrant heritage remain, many of the tenement buildings have been updated and now offer relatively affordable rental options to young New Yorkers looking to live right in the thick of Downtown Manhattan.

There's no getting around it - the LES is a major nightlife destination. In this part of the city, last call is late and often negotiable -- especially if you're a regular. On weekend nights, the neighborhood is packed as crowds overflow from the local bars and take to the streets in search of a late-night falafel fix before heading onto the next party. During the day, the neighborhood chills out as residents nurse their hangovers or head to work slowly after stopping at one of the area's many trendy juice bars or coffee shops.

Learn more about Lower East Side