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
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