28 Forsyth Street, New York, NY 10002

28 Forsyth Street is a six-story mixed-use walk-up building located directly in front of the Manhattan Bridge ramp between Canal Street and Division Street. The property spans 14,442 SF and comprises 22 residential units including six three-bedrooms and sixteen two-bedrooms. Half of the apartments (11 units) are free market, achieving an average rent of $4,053 per month, while the remaining units are rent stabilized with an average rent of $1,667 per month.

The property features two ground floor retail spaces and a below grade storage unit that generates income. Currently, a novelty collectibles store Happy 99 occupies one of the retail stores and is paying $57 per square foot, including tax reimbursements, with a lease expiration of November 2027. The vacant ground floor retail is currently on the market with an ask of $71 per square foot.