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    127 Elizabeth St New York, NY 10013

    Sponsored
    For Lease
    $110 SF/Yr

    Prime Soho office, 4,000 sq ft, ideal for creative businesses.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,000-square-foot single-tenant space at 127 Elizabeth Street, located in the vibrant Nolita submarket of Soho, presents a unique opportunity for discerning businesses. The property boasts a flexible layout perfectly suited for a variety of creative professional uses, including fashion, media, finance, technology, or art studios. The space is comprised of 2,700 square feet on two levels, with a spacious 1,000-square-foot ground floor featuring 14-foot high ceilings and a stunning 1,300-square-foot second floor with a dramatic 21-foot cathedral ceiling. A 1,000-square-foot basement adds further versatility. The property's previous use as a media company speaks to its suitability for businesses requiring high-quality space and infrastructure. Three bathrooms and a fully functional HVAC system ensure comfort and convenience. The property is available for a 5 to 10-year lease at a monthly rent of $36,000. This is a rare opportunity to secure a prominent location in one of Manhattan's most sought-after neighborhoods. The property is categorized as Retail, Office, and Special Purpose, and is specifically suited for executive office use, galleries, and showrooms. Live/work arrangements and short-term leases are not permitted.

    Property Features for 127 Elizabeth St

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Unit(s) available at that property

    Space
    Size
    4,000 SF
    Rate per SF
    $110

    HighLights

    • Retail, office, and special purpose property in Soho, Nolita submarket cluster, New York County.
    • Single‑tenant occupancy.
    • 4,000 square feet; approx. 1,000 SF ground floor, 1,300 SF second floor with 21' cathedral ceilings, and 1,000 SF basement.
    • $36,000 per month rent.
    • Suitable for fashion, media, finance, tech, or creative businesses; 5‑10 year lease term available; no live/work or short‑term leases.
    Property Profile Location Intelligence

    Current Use by Public Records

    MediaMonks Marketing Agency Nathalie Karg Gallery Art Gallery Elemental Consulting Inc Consultant Christopher Henry Gallery Art Gallery

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9955961
    Latitude
    40.719567

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    FAQs

    What type of property is this?
    Specialty property - Prime Soho office, 4,000 sq ft, ideal for creative businesses.
    Where is this specialty property located?
    The property is located at 127 Elizabeth St New York, NY.
    What is the lease rate?
    The lease rate is $110 SF/Yr.
    What are key features of this property?
    This property features: Retail, office, and special purpose property in Soho, Nolita submarket cluster, New York County.; Single-tenant occupancy.; 4,000 square feet; approx. 1,000 SF ground floor, 1,300 SF second floor with 21' cathedral ceilings, and 1,000 SF basement.
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    127 Elizabeth St New York, NY 10013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    127 Elizabeth St New York, NY 10013
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