PAMERA North America, LLC (PAMERA NA), based in New York City and part of the multi-family office PAMERA Real Estate Group in Munich, has acquired two high-quality mixed-use properties on Elizabeth Street in New York City’s Nolita neighborhood. The transaction was closed on schedule at the end of January 2026.

The properties are located at 236 and 242 Elizabeth Street, in one of the most sought-after micro-locations in Lower Manhattan. The two buildings combine so-called free market apartments without rent control with high-quality retail space and blend seamlessly into the characteristic urban environment of Nolita.

The properties feature modern, generously proportioned residential units with contemporary amenities, as well as retail space leased to established, strong-brand users on a long-term basis. The location is characterized by high demand, very limited new construction activity, and a high degree of attractiveness for quality-conscious residential and retail tenants.

With this acquisition, PAMERA further strengthens its presence in the North American market and continues its strategy of investing in prime urban locations with sustainable value appreciation potential. The focus is on properties with solid substance, without rent control in the residential sector and with a clear operational development strategy.

The transaction was carried out in collaboration with local joint venture partner Targo Capital Partners, which will be responsible for on-site operational property management in the future.