239 Elizabeth Street, New York, NY 10012

239 Elizabeth Street is a meticulously maintained, mixed-use trophy asset spanning a total of 7,670 square feet. Falling into the highly desirable tax class 2B protected status, assessed values can increase by no more than 8% annually, and by no more than 30% over any given 5-year period. The asset comprises 11 residential units over ground floor retail, with a diverse mix of studio, one, and two-bedroom apartments. Additionally, two rent stabilized apartments will be delivered vacant upon sale, providing flexibility for future ownership to house friends & family members.

239 Elizabeth Street recently underwent significant, top to bottom renovation since acquisition. The free market residential units offer brand new high-end finishes that rival condominium-level quality. Features include hardwood flooring, custom kitchen cabinetry, stainless steel appliances, and modern bathroom fixtures. All free-market units have been updated with luxury-grade materials to appeal to discerning renters seeking premium living spaces in NoLIta. Asking a 6.5% CAP rate, any investor can capitalize on a strong existing stream of cash flow while capturing the increase in demand for both retail and residential in Manhattan's most premier submarket.

World renown as one of the best blocks in NoLIta, let alone New York City, 239 Elizabeth Street is nestled on the prime retail corridor between Prince & East Houston Streets where retail rents command over $300/sf and residential rents continue to boom. Strategically & conveniently located steps from SoHo, Little Italy, the Elizabeth Street Garden, New York University, Washington Square Park, and internationally-acclaimed bars & restaurants, any purchaser or investor will benefit from this location for generations to come. Additionally, given its immediate and central proximity to incredible transportation, restaurants, and other amenities in the NoLIta neighborhood, high profile renters are eager to pay a premium for all this location has to offer.