72-74 & 104 Forsyth Street

• 69% Free Market
• Attractive Assumable Debt
• Significant untapped value-add potential
• Zero deferred maintenance
• Strong in-place cash flow
• Prime Lower East Side location with proximity to B/D/F/M/J/Z trains

Portfolio Description

Avison Young, as exclusive agent, is pleased to offer for sale a collection of mixed-use properties at the nexus of the Lower East Side and Nolita. The properties include 72, 74, & 104 Forsyth Street (the “Properties”). The properties are being offered as a package with attractive assumable CMBS debt. Combined, the Properties comprise fifty-seven (57) residential units, and nine (9) retail spaces across 33,986± square feet. The residential units consist of fifteen (15) one-bedroom apartments and forty-two (42) two-bedroom apartments. Of those units, thirty-nine (39) are free market (69%), seventeen (17) are rent-stabilized, and one (1) is rent-controlled. The residential portion of the Properties is 98% occupied and the retail units are 100% occupied.