Entity Owned Property summary
This exceptional investment opportunity presents a fully leased, five-building portfolio spanning 260-268 Elizabeth Street in the coveted Nolita neighborhood of Manhattan. Comprising a total of 39,020 square feet across five buildings, each five stories high, this property boasts 40 residential units (including 20 regulated units) and 5 commercial retail units. Built in 1925 and renovated in 1986, the buildings sit on a combined lot size of 10,560 square feet and are zoned C6-2, LI, offering… significant flexibility for future development. The current annual property taxes total $550,105. The portfolio benefits from a strong existing cash flow due to 100% occupancy, and presents substantial long-term upside potential. With 24,500 square feet of unused floor area ratio (FAR), there is significant opportunity for future expansion or redevelopment. This turnkey asset is ideally situated steps from SoHo and Little Italy, providing easy access to major transportation options and benefiting from Nolita's vibrant retail scene and high foot traffic. The property's prime location, combined with its strong cash flow and development potential, makes it an exceptional investment opportunity in one of Manhattan's most desirable neighborhoods. Detailed financial information is available upon request.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,804 SF
- Lot area
- 0.05 ac
- Year built
- 1925
- Stories
- 5
- APN
- 00507-0017
- Zoning
- C6-2
- Assessed value · 2024
- $880,031
- Annual tax · 2024
- $110,021
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This district is designed to provide for the wide range of retail, office, amusement and recreation, service, production and related uses normally found in the central business district and regional commercial centers bu…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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