NoLIta Mixed-Use Property For
239 ELIZABETH ST NEW YORK NY 10012 New York, NY 10012
239 ELIZABETH ST NEW YORK NY 10012, New York, NY, 10012
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For Sale
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Mixed-use property in NoLIta with significant square footage.
Property Size7,670 SF
Lot Size0.04 Acres
Price / SF$912.65
Days on Market56
Property Features for 239 ELIZABETH ST NEW YORK NY 10012
General Information
- Standard status
- Active
- Size
- 7,670 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use, Multifamily, Retail
Building Details
- Year Built
- 1914
Listing Agency
Marcus & Millichap - NYM Group
Listed by
Joe Koicim · License #NY 10301208718
Source
Crexi
Added: May 23 Checked: May 27 at 8:20 am
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 Marcus & Millichap - NYM Group
Investment Insights
Based on property information with market context.
Located in the NoLIta neighborhood, 239 Elizabeth Street is situated on the west side of Elizabeth Street, between Prince and East Houston Streets. The property has a gross square footage of 7,670. It is zoned C6-2 / R8 and built on a 20 ft x 75 ft footprint, situated on a 20 ft x 90.25 ft lot (Block: 508; Lot: 42).
Key Highlights
- Located in the desirable and booming NoLIta neighborhood.
- Boasts a gross square footage of 7,670.
- Favorable zoning: C6‑2 / R8.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $460.2k | $60.00 |
| − Vacancy | −$69.0k | −$9.00 |
| EGI | $391.2k | $51.00 |
| − OpEx | −$146.7k | −$19.13 |
| NOI | $244.5k | $31.88 |
7,670 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.49M
$3.06M – $4.07M
NOI $244,481 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$3.43M
$3.00M – $4.00M
NOI $239,974 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$19.09M
$16.71M – $22.27M
NOI $1,336,421 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Food Stylist
Photography Service
Ink and Alloy
(Bike/Boat/Book/etc) Store
Little Words Project
(Bike/Boat/Book/etc) Store
Acme Mechanical Contractors
HVAC Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in NoLIta with significant square footage.
Where is this mixed-use property located?
The property is located at 239 ELIZABETH ST NEW YORK NY 10012 New York, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Located in the desirable and booming NoLIta neighborhood.; Boasts a gross square footage of 7,670.; Favorable zoning: C6‑2 / R8.
