The Wang Family Acquires Mixed-Use Property From The Tam Family For $1,350,000 In Lower East Side

The property, located at 120 Forsyth Street, is a mixed-use building consisting of 4 commercial units and 18 residential units. It has a total square footage of 9,618 and was sold for $1,350,000. The transaction happened in the Lower East Side market, with a price per unit of $61,364 and a price per square foot of $140.

Summary of transaction details:

• Property Type: Mixed-use (4 Commercial & 18 Residential)
• Transaction Amount: $1,350,000
• Units: 24
• Square Feet: 9,618
• Price Per Unit: $61,364
• Price Per Square Foot: $140
• Buyer: The Wang Family
• Seller: The Tam Family
• Brokers: Christian Ingenito, Adam Lobel, Zachary Ziskin & Justin Zeitchik - Investment Property Realty Group

This transaction represents a continuation of Investment Property Realty Group's activity, marking its 9th rent-stabilized building sale in Manhattan over the past 12 months. For similar opportunities, inquiries are encouraged to be made directly to the brokerage.