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Property profile & analytics
FOR SALE
Storefront properties

1c-53 Elizabeth St New York, NY 10013

Property ID
US63-Q022367
Property summary
AI-generated overview

Ground-floor commercial condominium with additional cellar space in the heart of Chinatown /Little Italy corridor. This vacant and fully finished unit offers approximately 1, 199 SF on the ground floor plus an approximately 1, 111 SF cellar with 9-foot ceiling height, totaling approximately 2, 310 SF of usable space. The ground floor is suitable for retail or office use, providing strong flexibility for a variety of business types, while the cellar offers valuable storage or extra office space. The unit is equipped with its own central HVAC system for heating and air conditioning and features a finished interior ready for immediate occupancy. Another plus is that the new owner could advertise on the side wall next to the interior entrance, and also place its signage on the top space of the building main entrance for extra exposure. The elevator provides keyed entrances on its ground floor, as well as the cellar floor, very convenient! Located in one of Manhattan’s most vibrant and heavily trafficked neighborhoods, the property benefits from exceptional accessibility and strong surrounding retail and office presence. Surrounded by restaurants, cafés, shopping, and neighborhood services, with convenient access to multiple subway lines including B, D, J, N, Q, R, Z, 6, and W trains. The area also offers outstanding walkability and transit connectivity. A compelling opportunity for owner-users or investors seeking a versatile commercial space with low real estate taxes in a prime Downtown Manhattan location.

Property profile
Verified
Property type Storefront properties
UPID US63-Q022367
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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