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41 Elizabeth Street

Elizabeth Grand Acquires Office Property At 41 Elizabeth Street In Chinatown For $21.82M
SOLDOffice

Elizabeth Grand Acquires Office Property At 41 Elizabeth Street In Chinatown For $21.82M

41 Elizabeth Street

$21,820,000

$468/SF

Building Size

46,620 SF

Asset Type

Office

Closing

Jul 23, 2025

AI

The asset involved in this transaction is an office property located at 41 Elizabeth Street in the Chinatown market. It was sold for a price of $21,820,000, encompassing a total square footage of 46,620, resulting in a price per square foot of $468.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $21,820,000
  • Address: 41 Elizabeth Street
  • Market: Chinatown
  • Square Footage: 46,620
  • Price per Square Foot: $468
  • Buyer: Elizabeth Grand
  • Broker Representation: Alex Woodlief & Paul Massey - B6 Real Estate Advisors

B6 Real Estate Advisors exclusively represented the seller in this transaction and successfully procured a direct buyer for the office and retail property located in Little Italy. For further inquiries, Paul Massey can be contacted at [email protected], and Alex Woodlief at [email protected].

Players

Paul Massey

B6 Real Estate Advisors

Broker

$261.5M

vol

15 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

New York Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93