120 Forsyth Street

120 Forsyth St
Lower East Side

$3,380,000
Price
36
Beds
20
Baths
9,618 Sq. Ft.
$351 / Sq. Ft.
9,618
Sq. Ft.
$351
per Sq. Ft.

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. High annual rental income of $340,000 and consistently generated substantial profits. Price...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.

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Midrise
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/04/2025 12:00 AM

Property Details for 120 Forsyth Street

StatusActive
MLS ID99988TH
Days on Market87
Taxes$58,000 / year
Maintenance-
Min. Down Pymt-
Total Rooms64.0
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1900
Lot Size2,573 SF / 26' x 100'
CountyNew York County

Building

120 Forsyth St

18 Units5 StoriesBuilt in 1900

Location

Listing Courtesy of RE/MAX Real Estate Professionals
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Building Information for 120 Forsyth Street

Stories5Residences18Year Built1900Building Size25' x 79'Building Sq. Ft9,875 SFLot Size2,573 SF / 26' x 100'Building Age-Building Type-

Payment Calculator

$21,535 per month

30 year fixed, 6.28% Interest

Principal and Interest

$16,702

Property Taxes

$4,833

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property History for 120 Forsyth Street

DateEvent & SourcePriceAppreciationLink
Sep 9, 2025

Listed (Active)

OLR #99988TH

$3,380,000—
DateEvent & SourcePrice
09/09/2025

Listed (Active)

OLR #99988TH

$3,380,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 Forsyth Street

Taxable ValueLand$135,000Additions$383,850Total$518,850
Tax Record2025$58,028 ($4,836 / month) Tax Class2Tax Rate12.5%
Home Facts
Total Finished SqFt9,618 SqFtLot Size2,600 SqFtYear Built1900ZoningC44AAPN1004190046

Schools near 120 Forsyth Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
P.S. 42 Benjamin Altman
Public - PK to 5
Lower Manhattan Community Middle School
Public - 6 to 8
Nyc Lab Ms For Collaborative Studies
Public - 6 to 8
Ms 131
Public - 6 to 8
Rating
School
Distance
P.S. 42 Benjamin Altman
PublicPK to 5

Lower Manhattan Community Middle School
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Ms 131
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 120 Forsyth Street, Lower East Side

120 Forsyth Street is a townhouse for sale in Lower East Side. This property was listed for sale on September 9, 2025 by RE/MAX Real Estate Professionals, it's currently listed at $3,380,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 42 Benjamin Altman, Lower Manhattan Community Middle School and Nyc Lab Ms For Collaborative Studies. 120 Forsyth Street is a 36-bed, 20-bath, 9,618 sqft townhouse built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Professionals

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.