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151 Elizabeth St

NoLita, New York, NY

About 151 Elizabeth St

Offered with a term of 10 years, the turnkey restaurant at 151 Elizabeth Street the City's iconic Little Italy District will be a dream come true for many of New York 's ambitious chefs, but may also tempt entrepreneurs looking to rent office space together with a great retail opportunity.

151 Elizabeth Street in New York comes with a fully equipped kitchen and full liquor license. Boasting 15' ceiling heights and an option to extend the lease by a further 5 years, this property is a great opportunity for a chef to make their culinary mark in Little Italy.

151 Elizabeth Street is located in a high pedestrian traffic area, where New York's commuters access J-train at nearby Bowery station and trains B and D, 4, 6 and 6X at nearby Grand and Spring Streets.

Close to Bowery Ballroom and Sara D. Roosevelt Park, the property is also near amenities like Randolph Beer Lounge & Bar, Tropical 128 Bar, The Butcher's Daughter Bar, Ken & Cook Restaurant and Egg Shop Restaurant.

Featuring a lovely white French-patio door style entrance with large blue awning and signage opportunity, 151 Elizabeth Street in New York looks high professional and inviting.

Internet Providers for 151 Elizabeth St

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: NoLita

The typical asking rate per listing is in the $60's per square foot per year. The NoLita region is seeing a an increase in rates. In the last 3 months, the median rate increased $65 per sqft per year.

Compared to the rest of the New York City market, the NoLita submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.

Median Rate Median Size
NoLita $65
/sqft/yr
3,500
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in NoLita