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Sublease Highlights
- Prime retail frontage in the highly trafficked NoLIta neighborhood.
- Surrounded by boutique retailers, popular restaurants, and top lifestyle destinations.
- High visibility in a bustling corridor known for fashion, dining, and creative commerce.
- Within a few blocks of subway access to B, D, F, M, and 6 lines.
- Located on a walkable street with a Walk Score and Transit Score of 100.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Currently "Loi smoke shop" Available for sublease DO NOT DISTURB THE CURRENT TENANT Key money upon request 500 SQFT
- Sublease space available from current tenant
- Fully Built-Out as Standard Retail Space
- Listed lease rate plus proportional share of utilities
- Located in-line with other retail
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 500 SF | Negotiable | $280.00 /SF/YR $23.33 /SF/MO $140,000 /YR $11,667 /MO | Retail | Full Build-Out | 30 Days |
1st Floor
| Size |
| 500 SF |
| Term |
| Negotiable |
| Rental Rate |
| $280.00 /SF/YR $23.33 /SF/MO $140,000 /YR $11,667 /MO |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 500 SF |
| Term | Negotiable |
| Rental Rate | $280.00 /SF/YR |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Currently "Loi smoke shop" Available for sublease DO NOT DISTURB THE CURRENT TENANT Key money upon request 500 SQFT
- Sublease space available from current tenant
- Listed lease rate plus proportional share of utilities
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Property Facts
| Total Space Available | 500 SF | Apartment Style | Mid-Rise |
| No. Units | 42 | Building Size | 20,825 SF |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Total Space Available | 500 SF |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 20,825 SF |
| Year Built | 1910 |
About the Property
Situated in Manhattan’s vibrant NoLIta neighborhood, 247-251 Elizabeth Street offers retailers the opportunity to establish a presence in one of New York City’s most iconic lifestyle destinations. This five-story mixed-use property features ground-floor commercial spaces complemented by upper-level residential units, creating consistent foot traffic throughout the day. The building’s classic early 20th-century architecture adds character with a sense of historic charm that aligns seamlessly with NoLIta’s distinctive streetscape. The location benefits from unbeatable connectivity, including immediate access to multiple subway lines (B, D, F, M, and 6), all within a short walk. The property sits along Elizabeth Street, surrounded by a dense collection of fashion boutiques, acclaimed eateries, and cultural landmarks that define the neighborhood’s appeal to both locals and visitors. With walking and transit scores among the highest in the city, this property positions brands to capture a dynamic and diverse customer base at the heart of downtown Manhattan.
Nearby Major Retailers
Presented by
247-251 Elizabeth St
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