For Sale
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150 Forsyth StNew York, NY 10002

11-Unit Bowery Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional investment opportunity presents a 6-story, 10,000-square-foot apartment building located at 150 Forsyth Street in the heart of New York City's Bowery neighborhood. Constructed in 1995, this Class D multifamily property sits on a 0.06-acre lot (APN 0420-0045) and boasts 11 units, offering a desirable mix of one- and two-bedroom apartments. The building features elevator access and all units are air-conditioned and wheelchair accessible. One-bedroom units average approximately 400 square feet, while two-bedroom units offer approximately 906 square feet of living space. The property's prime location offers residents convenient access to Sara D. Roosevelt Park, a significant recreational area featuring tennis courts, basketball courts, soccer fields, and a playground. The building is zoned X. This property represents a strong value proposition in a vibrant and sought-after location. Its established tenancy and proximity to amenities make it an attractive investment for both seasoned and emerging real estate investors. The building's solid construction and desirable features contribute to its potential for strong rental income and long-term appreciation. This is a rare opportunity to acquire a well-maintained multifamily property in a rapidly developing area of Manhattan.

Highlights

  • Modern 11-unit apartment building in the heart of the Bowery.
  • Built in 1995, the six-story building offers a mix of one- and two-bedroom apartments (approx. 400 sq ft and 906 sq ft respectively).
  • Features air-conditioned, wheelchair-accessible units with elevator access.
  • Excellent location adjacent to Sara D. Roosevelt Park, offering nearby recreational amenities.

Property Details for 150 Forsyth St

Property type
Multifamily properties, Apartment buildings
Square Feet
10,000 SF
Class
D
Year Built
1995
Buildings
1
Stories
6
Lot Size (sq. ft)
2,614 SF
Units
11

Location Insight

City
New York
County
New York
State
New York
Latitude
40.7203667
Longitude
-73.9913907
150 Forsyth St, New York, New York

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150 Forsyth St
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