Office building with commercial space · Chinatown, Manhattan
41 Elizabeth Street
New York, NY 10013
41 Elizabeth Street is a 7-floor office building with commercial space in Chinatown, Manhattan, built in 1920, with about 39,000 square feet of office space according to city records.
Also at 41-47 Elizabeth Street.
- Office space
- 39K SF
- Floors
- 7
- Year built
- 1920
- Zoning
- C6-2G
The 5th largest of the 8 office buildings we track in Chinatown. Compare it with 6 neighbors
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Compared with its neighbors
How 41 Elizabeth Street compares
Next to the 6 nearest large office buildings, all within a 4 minute walk, 41 Elizabeth Street ranks 4th of 7 by office floor area. It went up in 1920; the median neighbor dates from 1915. Its estimated property tax, about $8.88 a square foot of floor area before abatements, is below the neighbors' median of $10.41.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 41 Elizabeth Street | 39K SF | 7 | 1920 | $8.88 | Jul 2025, $22M |
| 94 Mott Street | 36K SF | 6 | 1920 | $7.61 | n/a |
| 128 Mott Street | 64K SF | 7 | 1912 | $9.64 | n/a |
| 210 Canal Street | 36K SF | 6 | 1920 | $11.19 | n/a |
| 132 Mulberry Street | 44K SF | 6 | 1915 | $13.47 | n/a |
| 201 Grand Street | 37K SF | 7 | 1900 | $14.84 | n/a |
| 211 Centre Street | 42K SF | 6 | 1915 | $0.46 | Jan 2024, $51.1M |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other address
- 41-47 Elizabeth Street
- ZIP code
- 10013
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 45,700 SF
- Commercial floor area
- 45,700 SF
- Office
- 38,700 SF
- Retail
- 7,000 SF
- Height
- 7 floors
- Average floor
- About 6,500 SF (floor area divided by floors)
- Year built
- 1920
- Last major alteration
- 2003
- Lot area
- 7,052 SF
- Zoning district
- C6-2G
- Built FAR
- 6.48
- Max commercial FAR
- 6
- Tax lot (BBL)
- 1002040024
Nearest subway
- Canal St
- Grand St
- Bowery
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC storefront registry (Local Law 157)
Storefronts and vacancy
Owners registered 2 storefronts at 41 Elizabeth Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day.
- Storefronts registered for December 31, 2024
- 2
- Vacant that day
- 0
- Share vacant across Chinatown
- 8.7%
- Share vacant citywide
- 8.7%
Vacant on December 31, by year
Need a storefront in Chinatown? Get matchedStorefront vacancy across New York City
Source: NYC Department of Finance, Storefronts Reported Vacant or Not (Local Law 157), annual filings for 2019 to 2024, pulled 2026-10-08. Owners of buildings with ground- or second-floor storefronts register each one every year with its status on December 31; counts are by tax lot, as the owners filed them. The 2024 filing was due June 3, 2025, so a storefront vacant then may have been leased since. A vacant storefront is not always on the market, and none here is listed on Leasemark unless it shows above.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists GRAND ELIZABETH, LLC as the owner of record. For tax year 2026/27 the city values 41 Elizabeth Street at $8.66 million and assesses it at $3.9 million. After phase-ins and exemptions its taxable value is $3.74 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $406,019 a year before abatements, roughly $8.88 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- GRAND ELIZABETH, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $8,665,000
- Land market value
- $1,370,000
- Assessed value
- $3,899,250
- Taxable value (phased in)
- $3,742,800
- Estimated yearly tax
- About $406,019
- Tax per SF of floor area
- About $8.88
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-08; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
Own or manage 41 Elizabeth Street? List a space here free and we match it against every active requirement.
NYC property records (ACRIS)
Sales history
41 Elizabeth Street last sold in July 2025 for $22 million, according to the deed recorded with the city. ELDAD REALTY CORPORATION sold it to GRAND ELIZABETH, LLC. That comes to about $481 per square foot of floor area.
- Last sale (deed date)
- July 24, 2025
- Price
- $22,000,000
- Price per SF of floor area
- About $481
- Seller
- ELDAD REALTY CORPORATION
- Buyer
- GRAND ELIZABETH, LLC
- Deed recorded
- July 31, 2025
- ACRIS document
- 2025072500001001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-08; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC energy benchmarking (Local Law 84)
Energy use and emissions
41 Elizabeth Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 94 kBtu per square foot, 47% above the national median of 63.9 for a similar property. Its greenhouse gas emissions were about 451 metric tons of CO2e (7.56 kg per square foot).
- ENERGY STAR score (2024)
- None given
- Property type (Portfolio Manager)
- Office
- Site energy use intensity
- 94 kBtu/SF
- National median for the type
- 63.9 kBtu/SF
- Greenhouse gas emissions
- 451 t CO2e
- Emissions per SF
- 7.56 kg CO2e
- Floor area in the filing
- 59,608 SF
ENERGY STAR score by year
Energy sources in 2024
Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-08; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager.
Local Law 97 of 2019, estimated
Local Law 97 emissions limit
At its 2024 energy use, 41 Elizabeth Street comes to about 376 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 466 tons for 2024 to 2029 (81% of the limit), so it would owe no penalty. From 2030 the limit drops to 163 tons and the same energy use counts as about 271 tons, about 108 tons over, or an estimated $29,000 a year unless the building cuts its emissions.
- Period
- 2024 to 2029
- Emissions limit
- 466 t CO2e
- Estimated emissions
- 376 t CO2e
- Under the limit by
- 90 t CO2e
- Estimated penalty a year
- None
- Period
- 2030 to 2034
- Emissions limit
- 163 t CO2e
- Estimated emissions
- 271 t CO2e
- Over the limit by
- 108 t CO2e
- Estimated penalty a year
- $29,000
Estimated from the owner's 2024 Local Law 84 filing, which reports energy by source and floor area by use: Restaurant 3,349 SF; Office 52,909 SF; Retail Store 3,350 SF. It applies the coefficients and per-use limits in Department of Buildings rule 1 RCNY 103-14 and Administrative Code 28-320.3.1.1 (as the Department lists them) and the $268 per ton penalty, checked 2026-10-04. It is not the building's Local Law 97 report: that report can count renewable energy credits, solar and storage deductions and, for 2024 and 2025, the law's occupancy group limits where higher, and penalties can be reduced for good faith efforts.
Change these numbers in the Local Law 97 calculator to see what a cut in energy use would do to the penalty.
Own or manage 41 Elizabeth Street? List a space here free and we match it against every active requirement.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 41 Elizabeth Street. In the last two years, interior work was permitted on 7 floors (floors 1 to 7, the cellar and the sub-cellar). The newest build-out, on floors 1, 6 and 7, the cellar, the roof and the sub-cellar, was first permitted in June 2026 (construction, mechanical; filed cost estimate $1.1 million).
- New jobs, last 12 months
- 2
- Initial permits, last 12 months
- 4
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 1 to 7, cellar, sub-cellar
Recent build-outs
New jobs by year
Build-outs across ChinatownWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-08 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
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Questions about 41 Elizabeth Street
How big is 41 Elizabeth Street?
41 Elizabeth Street has about 46,000 square feet of floor area in total, including 39,000 square feet of office and 7,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 41 Elizabeth Street built?
City records list 1920 as the year built, with a major alteration recorded in 2003. The building is 7 floors tall.
What other addresses does 41 Elizabeth Street have?
City records list 41-47 Elizabeth Street on the same tax lot (BBL 1002040024) as 41 Elizabeth Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 41 Elizabeth Street?
41 Elizabeth Street is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 41 Elizabeth Street, New York, NY 10013, in Chinatown.
What is the zoning at 41 Elizabeth Street?
The lot is in the C6-2G zoning district. PLUTO lists a built floor area ratio (FAR) of 6.48 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 41 Elizabeth Street?
The closest subway station to 41 Elizabeth Street is Canal St (the 6, J, N, Q, R, W and Z trains), about 900 feet away in a straight line, roughly 3 minutes on foot. The MTA lists it as an accessible station. Also nearby: Grand St (the B and D trains), 4 min walk; Bowery (the J and Z trains), 6 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 41 Elizabeth Street?
The NYC Department of Finance's 2026/27 assessment roll lists GRAND ELIZABETH, LLC as the owner of record of 41 Elizabeth Street (BBL 1002040024). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 41 Elizabeth Street last sold?
41 Elizabeth Street last sold in July 2025 for $22 million, according to the deed recorded with the city. ELDAD REALTY CORPORATION sold it to GRAND ELIZABETH, LLC. That comes to about $481 per square foot of floor area. The deed is ACRIS document 2025072500001001 (BBL 1002040024) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Does 41 Elizabeth Street have an energy grade?
41 Elizabeth Street's 2024 Local Law 84 benchmarking filing got no ENERGY STAR score, and Local Law 33 letter grades come from that score, so the filing does not yield an A to D grade. Its site energy use came to 94 kBtu per square foot, 47% above the national median of 63.9 for a similar property. Its greenhouse gas emissions were about 451 metric tons of CO2e (7.56 kg per square foot).
Does 41 Elizabeth Street meet Local Law 97?
At its 2024 energy use, 41 Elizabeth Street comes to about 376 metric tons of CO2e a year under Local Law 97's coefficients, against a limit of 466 tons for 2024 to 2029 (81% of the limit), so it would owe no penalty. From 2030 the limit drops to 163 tons and the same energy use counts as about 271 tons, about 108 tons over, or an estimated $29,000 a year unless the building cuts its emissions. This is an estimate from the owner's 2024 benchmarking filing using the coefficients and per-use limits in the law and the Department of Buildings rule, at $268 per ton over. It is not the building's Local Law 97 report, which can count credits and deductions this estimate cannot.
Is there construction at 41 Elizabeth Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 2 jobs at 41 Elizabeth Street. In the last two years, interior work was permitted on 7 floors (floors 1 to 7, the cellar and the sub-cellar). The newest build-out, on floors 1, 6 and 7, the cellar, the roof and the sub-cellar, was first permitted in June 2026 (construction, mechanical; filed cost estimate $1.1 million). These are the Department of Buildings' DOB NOW work permits for tax lot 1002040024. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 41 Elizabeth Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $3.74 million for 41 Elizabeth Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $406,019 a year, roughly $8.88 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1002040024 show the actual bill.
What is the assessed value of 41 Elizabeth Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 41 Elizabeth Street at $8.66 million ($1.37 million of it land) and its assessed value at $3.9 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 14% from 2022/23 ($10.1 million) to 2026/27.
Are there vacant storefronts at 41 Elizabeth Street?
Owners registered 2 storefronts at 41 Elizabeth Street for December 31, 2024, the newest annual filing the city has published, and none stood vacant that day. These are the owners' filings with the Department of Finance under Local Law 157, so a storefront may have come free since. Owners and brokers can list a storefront on Leasemark for free.
Is there office space for lease at 41 Elizabeth Street?
No space at 41 Elizabeth Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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