$2,999,000
Updated 5 months ago
Off Market

120 Forsyth Street

Chinatown, Manhattan | Broome Street & Delancey Street

64 Rooms36 Beds20 Baths9,618 Square FeetIncome Property

$2,999,000
floors / apts5 / 22
Lot Size25'7"x100'3"
Built Size25'7" wide
ZoneC4-4A
Building TypeLow-Rise
RE Taxes$58,000
Price Per SF
$312

Building Amenities

  • Voice Intercom

Property Description for 120 Forsyth Street

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.

Listing History for 120 Forsyth Street

Now
04/01/2026
POM by Siu Lun (Allen) Tang
RE/MAX Real Estate Professionals
02/18/2026
$2,999,000 [-$81,000] [2.6%]
Price Drop by Siu Lun (Allen) Tang
RE/MAX Real Estate Professionals

Building Details for 120 Forsyth Street

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/22
Learn More About the Building

Transit and Citi Bike

Subway

Grand St
0.1 miles
Bowery
0.11 miles
Delancey St-Essex St
0.22 miles
2 Av
0.32 miles
Spring St
0.33 miles

Citi Bike

Forsyth St & Broome St
0.03 miles
Delancey St & Eldridge St
0.04 miles

Contact Agent

Contact Agent

Siu Lun (Allen) Tang
RE/MAX Real Estate Professionals

Chinatown | Manhattan

Quick Profile

The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.

Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.

Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites. 

Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 99988TH