Total Est. Monthly Carrying Cost:
$11,913 ($5.42/ft2)
Note: the above is based on a down payment of 20% ($400,000),
which is the minimum amount permitted by the building.
Description
Nestled on Sara Delano Roosevelt Park on the border between the Lower East Side and Little Italy, 118 Forsyth is an architecturally beautiful, 7 unit self-managed Co-Op loft building. The ground floor unit is a sprawling, prewar loft of approx. 2300 sq.ft. It boasts 12’’ ceilings and includes twelve large windows, beautiful hardwood floors and walls of exposed brick.
A lower level 221 square foot recreational area, currently used as storage, could be accessible through an internal staircase (Board approval is required). The loft is equipped with washer and dryer, central A/C & heat and enjoys a large chef’’s kitchen with an island. Currently set up as an open space with one bathroom, the loft could be reconfigured into a multiple Bedroom and bathroom home.
It can also be used as Live-Work space. This unusual offering grant the potential buyer a vast range of opportunities and freedom in a liberal coop. Very low maintenance and an option for a private entrance complete this attractive offering.
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