Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    257-259 Canal St New York, NY 10013

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime SoHo location with significant development potential.

    Property size:
    7,558 SF
    Lot size:
    0.10 Acres

    Property Features for 257-259 Canal St

    General Information

    Size
    7,558 SF
    Lot size
    0.10 Acres

    Source: Development Site Advisors Agent Lev Kimyagarov

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

    Overview

    SoHo Development Opportunity

    Located in the vibrant SoHo neighborhood, the property at 257-259 Canal Street presents a significant development opportunity. Zoned M1-5/R10 and situated within the Special SoHo/NoHo Mixed Use District, the site allows for a development potential of up to 12.00 FAR, approximately 47,868 ZFA as-of-right. The property is located in Opportunity Area 2, permitting a maximum height of 275 feet. Currently, the property features a 2-story commercial building with a frontage of 51.17 feet. The total lot size is approximately 3,989 square feet. The building's gross square footage is 8,070 square feet, generating a gross income of $571,971 and a net operating income of $375,882.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant 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
    -74.000564
    Latitude
    40.71877

    Nearby Similar for Sale

    • New
      $2,500,000
      0.13 Acres

      Flushing Two-Family Home Near Northern Blvd

      Two-family home near Northern Blvd, convenient location, renovated in 2014.
      35-35 155Th St, Flushing, NY 11354
      View Details
    • $1,595,000
      3,203 SF

      Harlem SRO Building Investment Opportunity

      11-unit SRO building in Harlem with value-add potential.
      129 W 122Nd St, New York, NY 10027
      View Details
    • New
      $1,749,999
      0.09 Acres

      Flushing Multifamily Opportunity

      Multifamily property in Flushing, New York.
      149-27 45Th Ave, Flushing, NY 11355
      View Details
    • $2,199,000
      0.15 Acres

      Flushing Two-Family Brick Home

      Rebuilt two-family home in Flushing, perfect for families or investors.
      6339 136Th St, Flushing, NY 11367
      View Details
    • $1,599,000
      Pending

      Flushing Three-Family Investment Opportunity

      Spacious, well-maintained three-family property in prime Flushing location.
      162-19 Laburnum Ave, Flushing, NY 11358
      View Details
    • $1,300,000
      Pending

      Renovated Two-Family Home in Jamaica

      Renovated two-family home with modern amenities and ample parking.
      120-12 Long St, Jamaica, NY 11434
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime SoHo location with significant development potential.
    Where is this commercial land located?
    The property is located at 257-259 Canal St New York, NY.
    What are key features of this property?
    This property features: - Significant development opportunity in the vibrant SoHo neighborhood.; - Zoned M1-5/R10, allowing for a development potential of up to 12.00 FAR or ±47,868 ZFA as-of-right.; - Situated in Opportunity Area 2, permitting a maximum building height of 275 feet.
    (516) 282-4602
    Request Owner's contact information
    257-259 Canal St New York, NY 10013
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    257-259 Canal St
    New York, NY 10013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    257-259 Canal St New York, NY 10013
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.