120 Forsyth Street, New York City, NY 10002

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.