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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Halstead Property agent.

204 Forsyth Street

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Lower East Side,  NYC

Townhouse

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$4,750,000

204 FORSYTH ST DEVELOPMENT/USER OPPTY

A 25' wide five story vacant walkup commercial building. The property used to be used as a local school. The building has a brick facade with a fire escape. The property is made of mostly steel and concrete. There are metal stairs, and no sprinkler system. The building is well maintained and in good condition. The property is a prime development opportunity because a 10,000 square foot building can be built, it's also in an area that has great residential and commercial exposure exposure. Right off East Houston Street, which is home to Whole Foods, Katz Deli, and the Sun Shine Theatre. The building is also close to all modes of transportation. The F and J trains are on East Houston & Allen Streets, the FDR Drive and the Williamsburg Bridge on Delancey Street. A apartment owner would love to live in a building with this location. The property is also a prime user/investment opportunity. An owner can have a store on the ground floor an office on the second floor, live on the third floor and rent out the fourth and fifth floors.

Price History

5/20/12$4,750,000

2/13/12$3,500,000

Recent Sales in Area*

02/14/1260 Canal St $5,300,000

05/26/11255 Bowery $5,550,000

* Recent sales in area is compiled by properties having the same bedroom count or same bathroom count, property type, location, and a similar price range. Sales history may include properties with varied amenities and conditions (views, layout, market timing and other significant variables). Contact agent for more details regarding this information.

Kervin ValesKervin Vales
Lic. R.E. Salesperson
Vice President
Tel: (212) 396-8244
kvales@halstead.com

Property Details

Web #:2259419
Price: $4,750,000
Mortgage Calculator Property Type: Townhouse
Original Detail: Yes

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. All rights to content, photographs and graphics reserved to Halstead. Customer should consult with its counsel regarding all closing costs, including without limitation the New York State 1% tax paid by buyers on residential properties over $1 million. Halstead represents the seller/owner on Halstead's own exclusives, except if another agent of Halstead represents the buyer/tenant, in which case Halstead will be a dual agent with designated agents representing seller/owner and buyer/tenant. Halstead represents the buyer/tenant when showing the exclusives of other real estate firms. In all instances Halstead treats all parties fairly and honestly. Halstead actively supports equal housing opportunities.