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    127 Elizabeth St New York, NY 10013

    Sponsored
    For Lease
    $103 SF/Yr

    Prime Soho Office, 4,000 sq ft, high ceilings.

    Lot size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,000 square foot single-tenant office space is ideally located on Elizabeth Street in the vibrant Soho submarket of New York County. The property offers a unique blend of traditional and modern features, perfect for a variety of creative businesses. The layout comprises 1,000 square feet of ground floor space with 14-foot high ceilings, complemented by a spacious 1,300 square foot second floor boasting impressive 21-foot cathedral ceilings. A 1,000 square foot basement adds further versatility. The space previously housed a media company and features three bathrooms and a functional HVAC system. The property is suited to a wide range of businesses, including fashion, media, finance, technology, art studios, and other creative professionals. A 5 to 10-year lease is available. The property is strictly for commercial use; live-work arrangements or short-term leases are not permitted. The asking rent is $30,000 per month. This is a rare opportunity to secure a substantial and well-appointed office space in one of Manhattan's most sought-after neighborhoods. The property is classified as Retail, Office, and Special Purpose, with a Traditional Office and Executive Office subtype.

    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
    $103

    HighLights

    • Retail, office, and special purpose property in Soho, Manhattan.
    • Single‑tenant occupancy.
    • 4,000 square feet total; 1,000 square feet ground floor, 1,300 square feet second floor with 21‑foot cathedral ceilings, and 1,000 square feet basement.
    • Asking rent: $30,000 per month.
    • Suitable for fashion, media, finance, tech, or creative businesses; 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
    -73.9956114
    Latitude
    40.7195803

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    FAQs

    What type of property is this?
    Specialty property - Prime Soho Office, 4,000 sq ft, high ceilings.
    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 $103 SF/Yr.
    What are key features of this property?
    This property features: Retail, office, and special purpose property in Soho, Manhattan.; Single-tenant occupancy.; 4,000 square feet total; 1,000 square feet ground floor, 1,300 square feet second floor with 21-foot cathedral ceilings, and 1,000 square feet basement.
    Request Owner's contact information
    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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