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

Office space next to its nearest neighbors

  1. 128 Mott Street2 min walk64K SF
  2. 41 Elizabeth StreetThis building39K SF
  3. 94 Mott Street1 min walk36K SF

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.

41 Elizabeth Street and the 6 nearest large office buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingOffice spaceFloorsBuiltTax / SFLast sale
41 Elizabeth StreetThis building39K SF71920$8.88Jul 2025, $22M
94 Mott Street1 min walk36K SF61920$7.61n/a
128 Mott Street2 min walk64K SF71912$9.64n/a
210 Canal Street2 min walk36K SF61920$11.19n/a
132 Mulberry Street2 min walk44K SF61915$13.47n/a
201 Grand Street3 min walk37K SF71900$14.84n/a
211 Centre Street4 min walk42K SF61915$0.46Jan 2024, $51.1M
The 5th largest of the 8 office buildings we track in Chinatown: see the full list

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 St3 min walk · Accessible station
  • Grand St4 min walk · Not accessible
  • Bowery6 min walk · Not accessible

Nearby large buildings

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

  • 2019None registered
  • 20200 of 2
  • 20210 of 2
  • 20220 of 2
  • 20230 of 2
  • 20240 of 2

Bars show the share of the lot's registered storefronts that stood vacant.

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

  • 2022/23$10.1 million
  • 2023/24$7.78 million
  • 2024/25$8.51 million
  • 2025/26$8.45 million
  • 2026/27$8.66 million

Market value fell 14% from 2022/23 ($10.1 million) to 2026/27.

How Chinatown compares: property tax per SF across NYC neighborhoodsEstimate this tax bill, or a tenant's share of it

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
Recent building sales across NYC

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

  • 202242 (D)
  • 202334 (D)

Energy sources in 2024

  • Natural gas56%
  • Electricity44%

Share of the energy used on site, as filed.

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

  • Floors 1, 6 and 7, cellar, roof, sub-cellarJune 2026Construction, Mechanical; est. $1.1 million
  • Floors 1 to 7, cellar, roofFebruary 2026Construction, Mechanical; est. $155,000

New jobs by year

  • 20213
  • 20220
  • 20230
  • 20240
  • 20250
  • 2026 to date2

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.

Before you sign

Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.

All guides

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.

2,180 buildings from city records

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