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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

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0204-0024
Land Assessment
$616,500
Improvements Assessment
$3,124,140
Total Assessment
$3,740,640
  • Listing ID: 30282512

  • Date on Market: 12/5/2023

  • Last Updated:

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

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