$14,996
Updated a year ago
Rented

242 Elizabeth Street, PH

Little Italy, Manhattan | Prince Street & East Houston Street

5 Rooms3 Beds2 Baths1,500 Square FeetRental Property

$14,996
Lease Term17-17 Months
Rent Per SF
$120
The price shown reflects the monthly rent only and does not include any additional fees. Please review the listing description for a summary of all fees related to renting this apartment.
The rent amount displayed reflects the NET EFFECTIVE RENT.

Listing Features

  • Custom Closets
  • Penthouse/Top Flr
  • Private Elevator
  • Recessed Lighting
  • Triplex
  • Washer / Dryer
  • Flr-to-Clg Windows
  • Dishwasher
  • Gourmet Kitchen
  • Microwave
  • S Steel Appliances
  • Heated Floors
  • Stall Shower
  • Steam Shower

Outdoor space and views

  • Terrace
  • City Views

Building Amenities

  • Voice Intercom
  • Elevator

Policies

  • Pets Allowed. Case by Case

Property Description for 242 Elizabeth Street, PH

Welcome to a One-of-a-Kind Nolita Penthouse

Experience the ultimate in downtown living with this extraordinary 3-bedroom, 2-bathroom triplex penthouse, offering approximately 1,500 sq. ft. of interior space and an additional 1,200 sq. ft. of private outdoor living. Perfectly situated on one of Nolitas most coveted blocks, this boutique residence combines privacy, luxury, and style in the heart of Manhattans most vibrant neighborhood.

Outdoor Living Three Levels of Sky-High Luxury
Soak in panoramic city views from your massive private terrace and two rooftop decks, complete with a hot tub and Napoleon gas barbecue. Whether entertaining guests or enjoying a quiet evening under the skyline, this home offers unmatched outdoor experiences rare to find downtown.

Elegant Interior Features
A keyed elevator opens directly into your home, revealing a sun-filled living space with floor-to-ceiling windows and a modern fireplace as its centerpiece.
Designer details include:
3 solid oak flooring and recessed LED lighting with Lutron dimmers
Custom closets with adjustable shelving systems
Quartz eggshell countertops and cherry-tone cabinetry in the chefs kitchen
Top-of-the-line Blomberg appliances: washer/dryer, microwave, dishwasher, and refrigerator/freezer
Central air conditioning and heat for year-round comfort
Spa-Inspired Bathrooms
Both bathrooms feature Duravit tubs and vanities, Grohe fixtures, Toto toilets, and frameless glass shower enclosures. The primary bathroom offers a steam shower system, radiant heated floors, and premium finishes from Urban Archaeology. Teak shower benches, Robern medicine cabinets, and subtle lighting add the perfect touch of sophistication.
Smart Home Technology
Enjoy convenience and security with a Siedle intercom system featuring iDoor technology, allowing remote access to the lobby and your apartment.

Boutique Building & Prime Location
This intimate five-unit building ensures privacy and exclusivity in the center of Nolitas lively cultural scenesurrounded by renowned restaurants, cafs, boutiques, and galleries.

Just moments from SoHo, the Bowery, and Little Italy, with effortless access to the 6, J, Z, R, Q, and W trains, making commuting across the city seamless.

A rare opportunity to live in one of Nolitas most exceptional penthouses blending refined design, luxury finishes, and unmatched outdoor space. Schedule your private viewing today and experience true downtown elegance.

Listing History for 242 Elizabeth Street, PH

Now
11/20/2025
Rented by Natasha Mahfar
REAL New York
11/12/2025
$14,996
Initial Rent by Natasha Mahfar
REAL New York

Building Details for 242 Elizabeth Street

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessElevator
Year Built1952
Floors/Apts6/7
Learn More About the Building

Contact Agent

Contact Agent

Natasha Mahfar
REAL New York

Little Italy | Manhattan

Quick Profile

It’s fitting that the neighborhood’s name is Little Italy because It’s been getting smaller for decades. The Italian immigrants that flooded New York City and built the vibrant ethnic enclave in the 1860s and 1880s eventually left for greener pastures, assimilating into other parts of the city or suburbs. The disappearance of Little Italy is a sad story as far as neighborhoods go, but it’s one that should be told. 

Little Italy once spanned 50 square blocks and represented the biggest population of Italian immigrants in America. But in recent years, it’s been squeezed by the growth of Chinatown and SoHo and muscled from the rebranding of other neighborhoods like NoHo and NoLIta. In fact, NoLita was the culprit that cut the neighborhood in two. Little Italy’s boundaries may vary depending upon who you ask. Today it’s down to just a few blocks along Mulberry Street. 

One of the best ways to experience Little Italy is through its food. Take your pick from mom-and-pop markets, meat and cheese shops, or authentic sit-down restaurants that offer the very best in Italian cuisine. 

Every September (since 1926), the neighborhood hosts the Feast of San Gennaro, which celebrates the patron Saint of Naples Italy. 11 days of food, colorful parades, music performances, and more food. The aroma of zeppole and grilled sausage can be smelt for blocks. Try planning your visit around this festive time. It’s well worth it. 

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: 2155533