$3,380,000
For Sale
9,618 ft²
$351 per ft²
64 rooms
36 beds
20 baths
Rental unit
- Lower East Side
Resale
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
$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
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
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Home features
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City, Park
Building amenities
No info on building amenities
About the building
120 Forsyth Street
120 Forsyth Street, New York, NY 10002
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.
| Date | Price | Event |
|---|---|---|
8/21/2025 | $3,380,000 | Price decreased by 3% |
4/2/2025 | $3,499,000 | Listed by Remax Real Estate Professionals |
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Explore Lower East Side
Transit
| Location | Distance |
|---|---|
| under 500 feet |
| under 500 feet |
| 0.2 miles |
| 0.24 miles |
| 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.











































































