Financial
Distress signals
Property profile

28 Forsyth St New York, NY 10002

OFF-MARKET
Retail residential properties
Property ID
US63-2652603
14,442 SF 0.07 ac lot Built 1900
Last sale Oct 2015 · $7,125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a mixed-use building with approximately 14,442 square feet containing 22 apartments, two retail storefront spaces, and one storage space. The residential portion is split evenly into 11 free-market units and 11 rent-stabilized units, and the two retail spaces are leased. The building has 30.42 feet of frontage and is located between Canal Street and Division Street near the intersection area associated with Chinatown, Little Italy, the Lower East Side, and Two Bridges, with subway access serving the F, B, D, J, and Z lines.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$177k
Tax billed · 2024
Assessed value$1.42M
Assessed land$207k
Assessed improvement$1.21M
Effective rate12.50%

Value estimate

· Sep 2026
$4.22M
$3.80M – $4.64M

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$602/SF
ZIP average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$330 – $900
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C61G
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Assisted Living Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Assisted Living Facility17.4
Nursing Home15.7
Pet Grooming Service9.3

Location

28 Forsyth St New York, NY 10002-6021
County assessor Recorded deeds · 2 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
254 Broome, New York, NY 10002-3834 $15,875,000 Dec 2024 12,507 SF
248 Broome, New York, NY 10002-3855 $15,875,000 Dec 2024 12,348 SF
250 Broome, New York, NY 10002-3857 $15,875,000 Dec 2024 12,281 SF
210 Rivington, New York, NY 10002-2543 $2,501,584 Sep 2024 14,096 SF
119 Hester, New York, NY 10002-5289 $2,501,584 Sep 2024 17,025 SF
17 Rivington, New York, NY 10002 $4,500,000 Apr 2024 13,635 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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