Property profile

127 Elizabeth St New York, NY 10013

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

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 profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Art Gallery
  • Consultant
  • Art Gallery

Location

127 Elizabeth St New York, NY 10013
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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