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296 Elizabeth St
New York, NY 10012
Retail Property For Sale
Investment Highlights
- Three commercial Co-Op units, including 2 basement and 1 street level retail units. 100% occupied.
- Minimal on-site management with no Board approval needed for uses in compliance with zoning.
- Affluent neighborhood with average household income above $123,000 and 290,000 residents within a one mile radius.
- This is a Co-Op, not a condo.
- Prime location in Lower Manhattan near the busy and coveted E Houston and Bleeker Streets. Desirable location and rare opportunity in NoLita and the G
Executive Summary
296 Elizabeth Street presents a rare opportunity for an investor to acquire an asset in the heart of New York's NoHo area. The subject property consists of the basement and ground floor levels in a five story building. There are two basement units and one first floor unit. The property has a strong historical occupancy and the owner has occupied the third floor unit which they also own. The Co-op Board does not require approval for new tenants, as long as they are compliant with the current zoning standards. This allows a new owner to have more flexibility in finding new tenants.
Property Facts
| Property Type | Retail | No. Stories | 4 |
| Property Subtype | Storefront Retail/Office | Year Built | 1900 |
| Building Class | C | Clear Ceiling Height | 12’ |
| Lot Size | 0.20 AC | APN / Parcel ID | 0521-0067 |
| Gross Leasable Area | 8,899 SF | ||
| Zoning | C6-2 - In C6-2 you can build a variety of commercial building uses, community facilities and residential buildings. | ||
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Lot Size | 0.20 AC |
| Gross Leasable Area | 8,899 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Clear Ceiling Height | 12’ |
| APN / Parcel ID | 0521-0067 |
| Zoning | C6-2 - In C6-2 you can build a variety of commercial building uses, community facilities and residential buildings. |
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