Log In/Sign Up
Your email has been sent.
28 Forsyth St 22 Unit Apartment Building $6,380,000 ($290,000/Unit) 8.64% Cap Rate New York, NY 10002
Investment Highlights
- Centrally located in Downtown Manhattan, offering immediate access to multiple vibrant neighborhoods.
- Surrounded by a diverse mix of retail, dining, and cultural destinations.
- Located in a neighborhood experiencing continued investment and redevelopment momentum.
- Positioned near major transit lines, providing excellent connectivity throughout Manhattan.
- Benefits from strong pedestrian traffic in a highly active urban corridor.
- Offers a compelling downtown presence with authentic character and urban energy.
Executive Summary
CBRE is pleased to offer 28 Forsyth Street, a well-located property in the heart of Downtown Manhattan, surrounded by the dynamic energy of Chinatown, the Lower East Side, and SoHo. The asset benefits from strong pedestrian traffic, excellent transit accessibility, and close proximity to an established mix of retail, dining, and cultural destinations. Its central location within a supply-constrained Lower Manhattan market positions the property for sustained demand and long-term value, making it an attractive opportunity for investors seeking exposure to one of New York City’s most active downtown corridors.
Property Facts
| Price | $6,380,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $290,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 8.64% | Building Size | 14,442 SF |
| No. Units | 22 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | C6-1G - Wide range of high-bulk commercial uses requiring a central location | ||
| Price | $6,380,000 |
| Price Per Unit | $290,000 |
| Sale Type | Investment |
| Cap Rate | 8.64% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 14,442 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1900 |
| Zoning | C6-1G - Wide range of high-bulk commercial uses requiring a central location |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 600 |
| 1+1 | 12 | - | 750 |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0292-0010 | Improvements Assessment | $1,452,240 |
| Land Assessment | $206,550 | Total Assessment | $1,658,790 |
Property Taxes
Parcel Number
0292-0010
Land Assessment
$206,550
Improvements Assessment
$1,452,240
Total Assessment
$1,658,790
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
28 Forsyth St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.