$950,000
Updated 7 years ago
Sold

259 Elizabeth Street, 2-C

Soho, Manhattan | Prince Street & East Houston Street

Loft 3 Rooms1 Bed1 BathCondo

$950,000
Common Charges$366
RE Taxes$450

This property was sold for $950,000 on 02/27/19.

Listing Features

  • Live/Work
  • Solarium

Building Amenities

  • Part-Time Doorman
  • Elevator
  • Laundry Room

Policies

  • Pets Allowed

Property Description for 259 Elizabeth Street, 2-C

Rare downtown investment opportunity at the boutique condominium, 259 Elizabeth Street! With monthlies at $816 and a possible rental income of $3,800 per month, the numbers just don’t get any better than this for under $1M. Whether you choose to live or invest, you will be buying at possibly the coolest location in the city – the exact street (Elizabeth St. between Prince and Houston) where The Godfather Part III was filmed! Bedroom easily accommodates a King bed and has a whole wall of closet space. Apartment is pin-drop quiet as it is located on the back of the building, unique solarium windows in the living room bring terrific natural light along with classic New York views of a former 1850's armory (since converted to luxury lofts) and greenery – this apartment is truly a catch. New owner does have future opportunity to add significant value by updating kitchen and bathroom. Prime location, being on the intersection of SoHo, Nolita, Little Italy, Lower East Side and East Village. Picturesque streets, the trendiest NYC restaurants, shopping and the most vibrant nightlife are all on your doorstep. Building features: Part-time doorman, pet-friendly, laundry room, live/work situation permitted. 7 stories, 26 units and built in 1987. Prime location, being on the intersection of SoHo, Nolita, Little Italy, Lower East Side and East Village. Building features: Part-time doorman, laundry room, 7 stories, 26 units and built in 1987.

Listing History for 259 Elizabeth Street, 2-C

Now
02/27/2019
$950,000
Sold and Closed by Jack Elliot Heard
Compass
2019

Building Details for 259 Elizabeth Street

OwnershipCondo
Building TypeLoft
Service LevelPart-Time Doorman
AgePost-War
AccessElevator
Year Built1987
Financing Allowed90%
Floors/Apts7/26
Learn More About the Building

Transit and Citi Bike

Subway

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

Citi Bike

Mott St & Prince St
0.05 miles
Lafayette St & Jersey St
0.12 miles

Contact Agent

Contact Agent

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: 1778445