{"id":94277,"date":"2025-07-26T14:23:24","date_gmt":"2025-07-26T14:23:24","guid":{"rendered":"https:\/\/www.europesays.com\/us\/94277\/"},"modified":"2025-07-26T14:23:24","modified_gmt":"2025-07-26T14:23:24","slug":"little-italy-office-building-sells-for-22m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/94277\/","title":{"rendered":"Little Italy Office Building Sells for $22M \u2013 Commercial Observer"},"content":{"rendered":"

An office and retail building in Little Italy has changed ownership after more than 70 years with the same family.<\/p>\n

The 46,620-square-foot building at 41 Elizabeth Street<\/b> sold for $21.82 million. Alex Woodlief<\/b> and Paul Massey<\/b> at B6 Real Estate Advisors<\/a><\/b> represented the seller, Eldad Realty<\/a><\/b>, and procured the buyer, Grand Elizabeth<\/a><\/b>.<\/p>\n

SEE ALSO: S3 Capital Lends $40M on South Florida Condo Project<\/a><\/p>\n

The buyer may continue operating the seven-story building as office and retail, but is also considering a possible residential conversion down the line, according to Woodlief. Eldad converted the building from a sewing factory to its current status as an office and retail building over 20 years ago, Woodlief said.<\/p>\n

\u201c41 Elizabeth Street offered potential buyers the opportunity to acquire a meticulously cared-for office building in the heart of Downtown Manhattan,\u201d Woodlief, senior director at B6, said in a statement. \u201cThis sale to a local operator supports the narrative that local private capital continues to be a significant driver of office transactions in the city, and is the third office sale B6 has facilitated to private capital buyers in the last 12 months.\u201d<\/p>\n

Current tenants at the building include the Asian restaurant XO Taste<\/b>, the art gallery Martos Gallery<\/b> and dentist Dr. Darryl Wu<\/b>.<\/p>\n

Larry Getlen can be reached at lgetlen@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"An office and retail building in Little Italy has changed ownership after more than 70 years with the…\n","protected":false},"author":3,"featured_media":94278,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[62280,62281,5229,4282,62282,525,62283,405,403,5226,5225,5228,5227,62284,67,586,132,5230,68,2969,62285],"class_list":{"0":"post-94277","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-41-elizabeth-street","9":"tag-alex-woodlief","10":"tag-america","11":"tag-channel","12":"tag-dr-darryl-wu","13":"tag-finance","14":"tag-martos-gallery","15":"tag-new-york","16":"tag-new-york-city","17":"tag-newyork","18":"tag-newyorkcity","19":"tag-ny","20":"tag-nyc","21":"tag-paul-massey","22":"tag-united-states","23":"tag-united-states-of-america","24":"tag-unitedstates","25":"tag-unitedstatesofamerica","26":"tag-us","27":"tag-usa","28":"tag-xo-taste-acquisition"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114919991418454489","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/94277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=94277"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/94277\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/94278"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=94277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=94277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=94277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}