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    254 Canal St New York, NY 10002

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    For Lease
    Contact for pricing

    Turnkey bank branch space in dynamic Lower Manhattan location.

    Property size:
    2,282 SF
    Lot size:
    0.22 Acres

    Property Features for 254 Canal St

    General Information

    Size
    2,282 SF
    Lot size
    0.22 Acres

    Source: RIPCO Real Estate - Corporate Agent Richard Skulnik

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Retail Space Available

    This retail space, suitable for banks and individual retail properties, offers an unmatched corner presence in a dynamic gateway location in Lower Manhattan. The property features a turnkey bank branch space with a robust infrastructure, including approximately 10,000 existing safety deposit boxes. It offers outstanding branding potential with a pre-approved retractable awning and full-width sign band, subject to LPC review. The property has a size of 2,282 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Koos Richard Medical Clinic Kitchen Remodeling NYC Kitchen Remodeler Dr. Andrew Y. ... Orthopedic Surgeon Shum Kee Y ... Doctor Ovative Group Marketing Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.000996
    Latitude
    40.718416

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    FAQs

    What type of property is this?
    Bank - Turnkey bank branch space in dynamic Lower Manhattan location.
    Where is this bank located?
    The property is located at 254 Canal St New York, NY.
    What are key features of this property?
    This property features: - Unmatched corner presence in a dynamic Lower Manhattan location.; - Turnkey bank branch space ready for immediate occupancy.; - Robust infrastructure including approximately 10,000 existing safety deposit boxes.
    (212) 750-6565
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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
    254 Canal St New York, NY 10002
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