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Mixed-Use Building with Restaurant
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172 Elizabeth St, New York, NY 10012

Newly renovated four-story building with four residential units over a restaurant, classified as tax class 2A.

Property SizeContact for details
Days on Market122

Property Features for 172 Elizabeth St

General Information

Standard status Active
Property subtype Multifamily, Mixed Use

Additional Details

Multifamily Units 4

Building Details

Stories 4
Listing Agency: Cushman & Wakefield New York
Listed By: Michael Gembecki · License #NY 10401227340
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 21 at 8:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield New York

Investment Insights

Based on property information with market context.

172 Elizabeth is a newly renovated, four-story mixed-use building comprised of four free-market residential units over a restaurant. The property is listed as tax class 2A, which limits the increase in taxes.

Located on the east side of Elizabeth Street between Spring and Kenmare Streets in NoLita, the building is centrally positioned near multiple subway stops, including JZ, 6, BDFM, NQRW, and ACE.

The existing configuration provides income-generating residential space above a ground-floor restaurant use, within a purpose-built mixed-use structure.

Key Highlights

  • Newly renovated 4‑story mixed‑use building at 172 Elizabeth
  • 4 free‑market residential units over a restaurant
  • Tax class 2A classification, which limits the increase in taxes

Property Analytics

Current Use

Beggars Run (Bike/Boat/Book/etc) Store Graffiti Auction House Trade Show Venue

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Adult Day Care Clothing & Fashion Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

35,176
Businesses Nearby

Demographics for 10012, NY

23,125
Population
14,568
Households
1.6
Avg Household Size
35
Median Age
83%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
77,083
Density / Sq Mi
$130,938
Median Household Income
$88,301
Median Earnings
$2,731
Median Rent
$1,500,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Newly renovated four-story building with four residential units over a restaurant, classified as tax class 2A.
Where is this quadplex located?
The property is located at 172 Elizabeth St New York, NY.
What are key features of this property?
This property features: Newly renovated 4‑story mixed‑use building at 172 Elizabeth; 4 free‑market residential units over a restaurant; Tax class 2A classification, which limits the increase in taxes
(212) 660-7743 Call to check price and availability
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