$15,000,000
Updated 10 years ago
Off Market

240 Elizabeth Street

Soho, Manhattan | Prince Street & East Houston Street

6,269 Square FeetMixed Use

$15,000,000
floors / apts5 / 8
Lot Size20'x91'
Built Size20'x58'
ZoneC6-2
Building TypeLow-Rise
RE Taxes$16,776
Price Per SF
$2,393

Listing Features

  • Oversized Windows

Outdoor space and views

  • Garden

Property Description for 240 Elizabeth Street

Mixed Use Building For Sale

Gross Floor Area Approx 6,269 sf plus Basement
Lot Area 1861 sf
Lot Frontage 19.92'
Lot Depth 91.33'
Existing Air Rights 4,931
Year Built 1910
Residential Units 8
Commercial Units 1
Number of Floors 5

Building Notes
? FAR of 6
? Zoning: C6-2, C6-1
? Storefront, Back Office & Basement Delivered Vacant

Monthly Income Potential
Residential: $12,959.33
Commercial: $35,000

Listing History for 240 Elizabeth Street

Now
05/13/2016
POM by Thomas Beczynski
City Connections Realty
2016

Building Details for 240 Elizabeth Street

OwnershipMixed Use
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1910
Floors/Apts5/8
Learn More About the Building

Transit and Citi Bike

Subway

Bleecker St
0.19 miles
Spring St
0.19 miles
Broadway-Lafayette St
0.19 miles
2 Av
0.2 miles
Bowery
0.21 miles

Citi Bike

Mott St & Prince St
0.06 miles
Stanton St & Chrystie St
0.13 miles

Contact Agent

Contact Agent

Thomas Beczynski
City Connections Realty

Soho | Manhattan

Quick Profile

Famous for its art galleries, designer boutiques, cobblestone streets and cast-iron architecture, SoHo has always been full of buzz - wowing both tourists and locals alike. It’s rich with history (more so than most neighborhoods). So, whether you’re a computer nerd, serial shopper or foodie, you’re guaranteed to find something exciting to do in this storied neighborhood.

SoHo is bounded by Houston Street to the north, Canal Street in the south, 6th Avenue to the west and Crosby Street on the east.

The neighborhood has gone through many ups and downs over its long history. Enough to make a voluminous history book. When the Dutch discovered Lower Manhattan, they came across indigenous people living on the island. Technically, the American Indians were the first Manhattanites and then the Dutch moved in making them the second original Manhattanites. 

After the Civil War ended, the west side of Lower Manhattan flourished because the shipping routes changed. Textiles and the need for all types of products increased. Warehouses and large lofts were built and replaced farmland to accommodate the commerce. Many of those buildings are still standing and give SoHo its unique character and charm.

The bustling commerce eventually stopped and in the mid 1800’s, well-to-do families began moving into SoHo. They built exquisite buildings, many of which are characterized by their cast-iron facades. Soon after it became residential, theatres, music halls and eateries followed. The wealthy eventually left and the once prosperous district began another decline.  

The 1960’s marks SoHo’s most definitive period. City planners lost their bid to build a major highway that would level a portion of the neighborhood and many historic buildings. After their failed attempt to revitalize SoHo, artists quickly moved into the empty lofts and warehouses. Some legally, and other move-ins, not so legal. The city turned a blind eye. Artists of all mediums working from their new creative spaces created a ripple in the art scene. It was such a ripple that the well-to-do uptown crowd started buying their art and hanging out with them. The uptown folks eventually moved into the neighborhood and began buying up the lofts and warehouses. As soon as the word spread, up went the property values and the rest is history. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 56573TH