2 Elizabeth Street / The Bridgeview (50 Bayard Street)
2 Elizabeth Street, New York, NY 10013
Chinatown
BBL 1002027501 · BIN 1002434
- Type
- Condominium
- Units
- 167
- Floors
- 8
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
The Bridgeview is one of the larger full-service condominiums in the Chinatown / Lower East Side edge — a 167-unit, eight-story building sited at the corner of Elizabeth and Bayard Streets, at the approach to the Manhattan Bridge. It is addressed both as 2 Elizabeth Street and, as its principal frontage, 50 Bayard Street; the two are the same tax lot and the same building. For a buyer, the significance is straightforward: this is a genuine for-sale condominium with a deep, continuously trading resale market, in a neighborhood where full-service elevator inventory with a doorman, garage, and fitness center is comparatively scarce.
That scarcity is the story. Most of the surrounding residential stock is pre-war tenement and walk-up product — narrow buildings without elevators, doormen, or amenity infrastructure. The Bridgeview offers the operational profile of a conventional Manhattan condominium — attended lobby, concierge, live-in superintendent, on-site parking — at price points materially below the boutique new-construction condominiums that have defined the Lower East Side luxury cycle. It sits at the seam of four neighborhoods — Chinatown, Little Italy, the Lower East Side, and the fringe of SoHo — with unusually strong transit access to the J/Z, N/Q/R/W, 6, B/D, and F lines within short walking distance.
The building's identity is functional rather than architectural. It is not a trophy tower and does not present as one. The value proposition is the combination of full service, a substantial and liquid unit inventory, real Manhattan Bridge and skyline exposures from the eastern and upper floors, and a downtown location that has appreciated as the surrounding corridor has gentrified. Buyers priced out of the boutique product on Orchard, Ludlow, and Delancey frequently find The Bridgeview the practical full-service alternative.
The condominium regime — as distinct from the co-op format that dominates much of the older downtown inventory — is itself a differentiator here. Ownership at The Bridgeview is by condominium deed, with the flexibility that format implies: pied-à-terre and investment use are permitted, subletting is allowed under the declaration, and closings run on condo timelines rather than through a co-op board approval process. In a downtown submarket heavy with cooperatives, that flexibility is a meaningful part of the building's appeal.
Architecture and unit composition
The 167 residences occupy eight above-grade floors. The unit mix runs from efficient studios through one-bedrooms to convertible and full two-bedroom layouts. Many apartments carry eastern and southern exposures that bring strong natural light; select eastern-facing units capture Manhattan Bridge views, and higher floors reach downtown skyline sight lines including the Freedom Tower.
The building is post-war masonry construction in the functional idiom of its era — a full-service elevator building rather than an architecturally expressive one. Common apartment features include windowed kitchens, walk-in closets, and layouts with enough floor area to accommodate a home office or a formal dining area. Because the resale market has run for decades, condition varies widely apartment to apartment: some units remain in original or dated condition, while others have been fully gut-renovated. Pricing at The Bridgeview is therefore heavily condition-driven, and apartment-level diligence matters more here than in a uniformly finished new-construction building.
View permanence is generally favorable for the eastern and upper-floor exposures given the low-rise character of the immediate blocks toward the bridge, but exposure and light should be confirmed apartment by apartment — the surrounding grain is dense, and lower-floor units on interior lines can be materially darker than the eastern and southern lines.
Building operations
The Bridgeview operates as a full-service condominium with a full-time doorman, concierge, attended lobby, on-site full-service garage, fitness center, central laundry and package room, and a live-in superintendent. That amenity package is unusual for the immediate neighborhood and is a core part of the building's value proposition.
Common charges and property taxes are modest relative to the trophy condominium market, consistent with the building's price points and post-war operating profile, though buyers should confirm current common charges, the tax abatement or assessment status, and any building-wide assessments at the specific apartment level. As with any building of this age, prudent diligence includes a review of the reserve study, recent financial statements, board minutes, and the physical condition of building systems. Minimum down payment at the building has run at 20%.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Facade safety — Local Law 11
The latest available filing classified the facade as Unsafe — conditions requiring corrective action, which under FISP means a protective sidewalk shed and repairs. Review the subsequent filings, the repair status, and the building’s board and financial materials — we pull the repair scope and funding picture for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →What to know if you’re buying
Confirm the address and the lot. The building carries both a 2 Elizabeth Street corner address and a 50 Bayard Street principal address on the same tax lot. Verify which address is on the specific unit's deed and marketing materials so nothing is confused in contract and title.
Condition drives price. This is a decades-old resale building; renovated and original-condition units can differ substantially in value on the same line. Underwrite the apartment, not just the building.
Verify exposure and light in person. Eastern and upper-floor lines carry Bridge and skyline exposure and strong light; interior and lower lines can be materially darker. View the specific apartment at multiple times of day.
Condo flexibility is real. 30–45 day closings; pied-à-terre and investment use permitted under the declaration; subletting allowed. In a downtown submarket dominated by cooperatives, that flexibility is part of the building's value.
Run the closing math. Confirm current common charges, property taxes, minimum down (which has run at 20%), and any active building-wide assessment. Model the full monthly carry (common charges + property taxes + utilities + insurance).
Diligence the building's age. Review the reserve study, recent financial statements, board minutes, and building-systems condition — standard practice for any post-war building of this size.
What to know if you’re selling
Position against the boutique new-construction alternative. Your differentiator is full service — doorman, concierge, garage, fitness center, live-in super — at a price point below the newer luxury condominiums nearby. Market that.
Condition and staging move the number. Because pricing is condition-driven, presentation and renovation quality translate directly into achieved price per square foot.
Price at the apartment level. Comparable selection must control for line, floor, exposure, and renovation status — building-average pricing will misprice a specific unit.
Closing timelines are condo-fast. 30–45 days from contract signing to closing, without a co-op board approval process.
Comparable buildings
If you're considering 2 Elizabeth Street, also evaluate the broader downtown full-service and boutique condominium market at the Chinatown / Lower East Side edge — including the surrounding Lower East Side new-construction and conversion inventory. Comparable shopping should weigh:
- Full-service post-war condominiums in the downtown corridor — the closest peers on operating profile (doorman, garage, amenity infrastructure) at value price points
- Boutique Lower East Side new-construction and conversion condominiums — higher price per square foot, newer finishes, smaller unit counts, typically without a garage or full amenity package
- Downtown cooperatives — often lower price per square foot but with board approval, sublet restrictions, and less ownership flexibility than the condominium format here
Because comparable inventory in this specific submarket turns over continuously and is heterogeneous, we recommend a live comparable pull at offer stage rather than relying on a static list.
Considering a move at The Bridgeview?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Bridgeview would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.