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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
  • 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

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
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.

Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100

Nearby Major Retailers

[solidcore]
Crunch Fitness
SoulCycle
PureGym
Barry's
Whole Foods Market
Bank of America
Wells Fargo
TD Bank
Chase Bank
  • Listing ID: 40389835

  • Date on Market: 5/4/2026

  • Last Updated:

  • Address: 247-251 Elizabeth St, New York, NY 10012

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