Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

RENTED AT $8,750/mo

· Leased June 21, 2022

Closed For Rent Condo

$8,750/mo

259 Elizabeth Street #4-A

Little Italy, Manhattan

MLS® #RLS10778193

RLS at REBNY

Listing by Compass

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

3

Bedrooms

2

Baths

N/A

Sq. Ft.

1987

Year Built

Quick Summary

Bedrooms 3
Bathrooms 2
Year Built 1987
Ownership Condo
Neighborhood Little Italy
Floor 4 of 7

Property Highlights

  • Views: City
  • Exposure: East,South facing
  • Outdoor Space: Balcony

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full
Floor 4 of 7
View City
Exposure East,South
Cooling Central Air
Pets Yes, CatsOk
Cross Street Prince Street/East Houston Street
Year Built 1987
Block/Lot 508/7501

Listing History

Event Date Price Change
Listed Feb 9, 2017 $8,750 -
Price Reduced Jun 6, 2022 $7,800 -10.9%

Description

Welcome to this stunning split-floor, 3 bedroom/2 bath loft, nestled into the heart of NoLita at 259 Elizabeth Street. Upon entering, you'll be greeted by the bamboo hardwood floors, soaring 18-foot ceilings, and stylish contemporary design of this residence. There are floor-to-ceiling windows filling the space with sunlight all day through southern and eastern exposures. The lower floor living area consists of a generous living room, separate dining area, a renovated, windowed kitchen, and access to your terrace. One bedroom and a renovated full bath are also located on the lower floor. The upper level consists of the primary bedroom, a dressing room, and a study or third bedroom. There is also a fully renovated, spa-like bath on the upper level. The windowed, renovated kitchen boasts high-end, stainless steel appliances. Both baths are renovated with glass tiling and the best fixtures and finishes. The Empire Condominium is a boutique building at the vibrant nexus of Nolita and Soho and is surrounded by picture-perfect cobblestone streets, trendy restaurants, shopping, nightlife, and culture, including the Elizabeth Street Garden, New Museum, and the International Center of Photography. This pet-friendly building has a part-time doorman.

Features & Amenities

Interior Features

Dining Area Entrance Foyer Common Area

Exterior Features

Balcony Balcony

Building Information

Rental Details

Available

8/1/2022

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$8,750

Security Deposit

$8,750

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$729
Est. nightly rate
65%
Avg. occupancy
$14,216
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

Little Italy occupies a compact corridor along Mulberry Street in Lower Manhattan between Canal and Houston Streets, defined by red-brick tenement buildings, prewar walk-ups, and cast-iron-facade commercial structures dating to the late 19th century. St. Patrick's Old Cathedral, completed in 1815, anchors the neighborhood's architectural heritage alongside narrow storefronts and fire-escape-lined facades. The 6 train at Spring Street, N/R/W at Canal Street, and J/Z at Bowery place multiple subway options within a short walk.

Little Italy Live Market Data

View Neighborhood

Active Listings

8

Median Asking Price

$2.54M

Median $/Sqft

$2,013

Avg Days on Market

N/A

New This Week

0

Price Reduced

13%

Sold (30 Days)

0

Median Sale Price

$1.95M

Live data from RLS at REBNY • Updated 5/1/26, 1:00 AM EST

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Location

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259 Elizabeth Street #4-A, Little Italy, New York County • Near Prince Street/East Houston Street

Virtual Tour

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1987
Year Built
39 years old
7
Floors
26
Residential Units
C6-2
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $3,367,803
Land Value: $445,503
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 4,172 SF
Building Area: 18,030 SF
Built FAR: 4.32
Allowed FAR: 6.02

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 3 bedrooms and 2 full bathrooms.

According to MLS records, the building was constructed in 1987, making it approximately 39 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10778193
First Listed: 2/9/2017
Price Changed: 6/6/2022
Closed: 6/21/2022
Contract Date: 6/6/2022

Listing Courtesy of Compass - Michael Franco

Listing Contact: (917) 817-4122

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 5:00 AM UTC

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