260 Elizabeth St New York, NY 10012
Property Lookup
Property profile & analytics
260 Elizabeth St New York, NY 10012
- Retail residential properties
- 7,804 SF
- 0.05 lot acres
Property ID
US63-1788264
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- NEIWAI / Clothing Store
- Printfresh / Clothing Store
- &Arabica / Cafe & Coffee Shop
Property Details for 260 Elizabeth St
- Year built
- 1925
- Lot size
- 0.05 lot acres
- Property size
- 7,804 SF
- Zone code
- C6-2
- Property type
- Retail residential properties
- APN
- 00507-0017
- APU
- 5070017
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,145,000
- 6.5%
- $3,825,000
- 7%
- $3,555,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9934
- Latitude
- 40.7238
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$110,021
$134,009
$746,022
$880,031
-
$908,000
$5,054,800
$5,962,800
