41 Elizabeth St 56,080 SF 82% Leased Office Building New York, NY 10013 $26,800,000 ($477.89/SF)
INVESTMENT HIGHLIGHTS
- 56,000 RSF Office & Retail Building.
- 70+ Year Family Ownership.
- 7,200 RSF Floor Plates.
- 70% Occupied with In Place Cash Flow.
- Significant Upside with Renovation & Lease Up.
- Prime Lower Manhattan: Chinatown, Little Italy, SoHo, TriBeca, Lower East Side.
EXECUTIVE SUMMARY
Incredibly rare opportunity to acquire a multigenerational commercial asset located in prime Lower Manhattan.
56,000 RSF Office & Retail Building.
85% Occupied with In Place Cash Flow.
70+ Year Private Family Ownership.
Significant Upside with Renovation & Lease Up.
7,200 RSF Floor Plates.
User & Conversion Potential.
Prime Lower Manhattan: Chinatown, Little Italy, SoHo, TriBeca, Lower East Side.
56,000 RSF Office & Retail Building.
85% Occupied with In Place Cash Flow.
70+ Year Private Family Ownership.
Significant Upside with Renovation & Lease Up.
7,200 RSF Floor Plates.
User & Conversion Potential.
Prime Lower Manhattan: Chinatown, Little Italy, SoHo, TriBeca, Lower East Side.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
56,080 SF
Building Class
B
Year Built
1920
Price
$26,800,000
Price Per SF
$477.89
Percent Leased
82%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
6,529 SF
Slab To Slab
12’
Building FAR
8.05
Lot Size
0.16 AC
Zoning
C6-2G - Split C6-1G / C6-2G with LI overlay.
AMENITIES
- 24 Hour Access
1 of 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 0204-0024 | Improvements Assessment | $3,124,140 |
| Land Assessment | $616,500 | Total Assessment | $3,740,640 |
