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 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 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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