72-74 & 104 Forsyth Street

Portfolio feature image
Address: 72 Forsyth St, New York, NY 10002, USA
Address: 104 Forsyth St, New York, NY 10002, USA
Created date: January 12, 2024
Date last updated: January 12, 2024
  • 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.

Portfolio Key Information

Listing Status: Available
Listing Type: Highest & best offer
Price: $ 29,000,000
No. of Units: 66
Building Size: 33986 Sq ft
Opportunity Zone: No
Price per unit: $439,394
Address: 72 Forsyth St, New York, NY 10002, USA
Address: 104 Forsyth St, New York, NY 10002, USA

Similar Properties in the Area

9 Essex Road

Westbrook , Connecticut
New York & Tri-State + Apartment Buildings
Price: $389,000

62 Briarwood Road

Bristol , Connecticut
New York & Tri-State + Apartment Buildings
Price: $350,000

1359 Schurlknight Road

Saint Stephen , South Carolina
Atlanta & Southeast + 2-4 Units
Units: 3
Price: $495,000
popup background image