41 Elizabeth St

56,080 SF 82% Leased Office Building New York, NY 10013 $26,800,000 ($478/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.

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
56,080 SF
Building Class
B
Year Built
1920
Price
$26,800,000
Price Per SF
$478
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
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (94)

PROPERTY TAXES

  • Listing ID: 30282512

  • Date on Market: 12/5/2023

  • Last Updated:

  • Address: 41 Elizabeth St, New York, NY 10013