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    198 Canal St Manhattan, NY 10013

    For Sale
    $1,100,000

    Office - Manhattan, NY

    Type:Office
    Property size:
    1,002 SF
    Lot size:
    15.17 Acres
    Days on Market:
    130
    Last Refresh:
    Dec 15 at 7:06 am

    Property Features for 198 Canal St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    c6-1
    Size
    1,002 SF
    Lot size
    15.17 Acres

    Utilities

    Heating system
    Ductless (Heating), Natural Gas

    Building Details

    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Ashford Homes LLC (929) 364-1301

    Listing agent Raymond Ng (929) 364-1301

    Listing date Aug 8, 2025

    MLS# 494887 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chinatown Commercial Condo For Sale

    Located in the heart of Chinatown, on the south side of Canal Street between Mott and Mulberry Streets, this commercial condo offers over 1,000 square feet of space. The layout includes 5 spacious offices or examination rooms, a reception and waiting area, a private bathroom, a file area, and a storage or utility room. Two north-facing rooms feature large operable windows facing Canal Street, providing natural light. The unit is move-in ready and suitable for medical or professional use. Situated on a vibrant block with coffee shops, restaurants and shops, the location is convenient to Chinatown, SoHo, TriBeCa, and the Lower East Side. The property is minutes away from the Canal Street & Centre Street subway station (J, Z, N, Q, R, 6). The lot size is approximately 15.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lower East Side ... Mental Health Service Naing-Thulin Kevin MD Doctor Anthony Py Chan ... Medical Clinic J Tang Co ... Attorney Lee Kwok Man ... Internist

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    New York Veterinary Practice, Biscuits & Bath - Financial District, Bond Vet - Financial District, CurePet, Seaport Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.998409
    Latitude
    40.716764

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    FAQs

    What type of property is this?
    Medical office - Move-in ready commercial condo in vibrant Chinatown location.
    Where is this medical office located?
    The property is located at 198 Canal St Manhattan, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime Chinatown location on Canal Street, close to SoHo, TriBeCa, and the Lower East Side.; - Move-in ready commercial condo with over 1,000 SF.; - Features **5 spacious offices/examination rooms**, reception area, private bathroom, file area, and storage.
    (929) 364-1301
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    198 Canal St Manhattan, NY 10013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    198 Canal St Manhattan, NY 10013
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