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Type:
Mixed UseInvestment Sales
Sq Ft:
9,618
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to introduce 120 Forsyth Street, a 22 unit mixed use building located between Delancey Street and Broome Street in the heart of Manhattan’s Lower East Side.
Rising five stories, the property comprises 18 residential apartments and 4 retail storefronts. Of the 18 apartments, all units are one bedroom rent stabilized apartments.
The building measures 25 ft by 79 ft, sits on a 25.67 ft by 100.25 ft lot, and is 9,618 SF, and is zoned C4 4A / R7A equivalent. The property is positioned within walking distance of major subway lines: the nearest station is the Bowery Station serviced by the J, Z lines. Additional nearby access includes the Grand Street Station (B, D lines) and the Delancey Street–Essex Street Station (J, M, Z and F lines), offering tenants and owners effortless connectivity to all corners of Manhattan and beyond.
This property presents an opportunity to acquire a well-located asset in the Lower East Side with significant upside potential. While the residential component provides stable income, the four vacant retail storefronts along a busy corridor offer substantial lease-up opportunity, allowing investors or owner-occupants to unlock additional value and maximize cash flow.
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Block & Lot:
419-46
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Neighborhood:
Lower East Side
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Cross Streets:
Delancey Street & Broome Street
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Building Dimensions:
25 ft x 79 ft
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Lot Dimensions:
25.67 ft x 100.25 ft
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Units:
22
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Total Approx. SF:
9,618
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Zoning:
C4-4A / R7
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FAR:
4.0
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Tax Class:
2
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