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    13 Elizabeth St 501 New York, NY 10013

    Sponsored
    For Sale
    $899,000

    809 SF Office, $899,000

    Property size:
    809 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 809-square-foot commercial office space, located at 13 Elizabeth Street, unit 501 in New York City's vibrant Chinatown, presents a unique investment opportunity. Priced at $899,000, this single-unit property boasts a spacious layout encompassing four rooms, two with sizable windows providing ample natural light. A welcoming reception and waiting area, a convenient pantry, and a washroom complete the functional design. The 8-10 foot ceiling height adds to the feeling of spaciousness. Situated on a 7,092-square-foot lot, this unit within the Elizabeth Center building is ideally suited for a variety of office uses, from medical practices to CPA firms and beyond. Its prime location offers easy access to Canal, Mott, and Bowery Streets, ensuring excellent visibility and convenient transportation links. This well-maintained building provides owners with prized office space, perfect for both personal use and investment purposes. The property represents a chance to establish or expand a business in a thriving Manhattan neighborhood. Don't miss this chance to elevate your business or investment portfolio. The property is located in New York County (Manhattan), New York, zip code 10013.

    Property Features for 13 Elizabeth St 501

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    809 SF

    Building Details

    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Tumei Commerce Inc. ... Electronics Store Dr. Sheung Lui Internist Chan Mie Yuk ... Doctor Yao Tsehwa Nursing Agency Ding Wong Commercial ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm 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 (Manhattan)
    State
    New York
    Longitude
    -73.9975898
    Latitude
    40.7160402

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    FAQs

    What type of property is this?
    Office Property / Space - 809 SF Office, $899,000
    Where is this office property / space located?
    The property is located at 13 Elizabeth St 501 New York, NY.
    What is the asking price?
    The asking price for this property is $899,000.
    Request Owner's contact information
    13 Elizabeth St 501 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
    13 Elizabeth St 501 New York, NY 10013
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