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Medical Office Suite
For Lease
$6,500/Mo

198 Canal Street #303 New York, New York, NY 10013

The layout includes a reception area, exam rooms, storage, and a private bathroom.

Space Size1,847 SF
Days on Market1093

Property Features for 198 Canal Street #303 New York

General Information

Standard status Active
Size 1,847 SF
Net Rentable 1,847 SF
Zoning C6-IG

Space & Availability

Available Space 1,847 SF
Contiguous Space 1,847 SF
Space Use Medical Office
Condition Turnkey

Site & Location

Neighborhood Downtown
Public Transit Yes

Building Details

Building Size 1,847 SF
Units 2
Listing Agency: EXP Realty
Listed By: Emily P. Koo · License #10301218036
Source: Croninreale
Added: Oct 28, 2023 Changed: Oct 23 Last Checked: Oct 23 at 9:50AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty

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Investment Insights

Based on property information with market context.

This 1,847-square-foot medical office condominium at 198 Canal Street, Suite 303, has a reception area, five exam rooms, storage, and a private bathroom. The property is zoned C6-IG and is offered for rent.

The suite is on Canal Street between Mott and Mulberry Streets. The Canal Street and Centre Street subway station is two blocks away, with service on the J, Z, N, Q, R, and 6 lines.

Key Highlights

  • 1,847 gross square feet in a medical office condominium
  • Five exam rooms, reception area, storage, and private bathroom
  • 198 Canal Street, Suite 303, between Mott and Mulberry Streets

Property Analytics

Current Use

Medical Office Space

Lease Details

NNN (Triple Net)
Lease Type
$6.33 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

31,868
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10013, NY

31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value

Market

Lease Benchmarks for New York, NY

$50.13 /SF/Yr
Avg Asking Price
$21.86–$85.01 /SF/Yr
Price Range
5,825 SF
Avg Space Size

This space is priced 16% below the average of $50.13 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Similar Off Market Nearby

  • Biscuits & Bath - Battery Park — 327 S End Ave, New York, NY 10280
  • Seaport Animal Hospital — 80 Beekman St, New York, NY 10038
  • VetClinic New York — 12 Pike St, New York, NY 10002
  • URvet Care Tribeca — 200 Chambers St, New York, NY 10007
  • Eye Care For Animals NYC — 146 Reade St, New York, NY 10013

Frequently Asked Questions

What type of property is this?
Medical Office Space - The layout includes a reception area, exam rooms, storage, and a private bathroom.
Where is this medical office space located?
The property is located at 198 Canal Street #303 New York New York, NY.
What is the lease rate?
The lease rate is $6,500/Mo.
What are key features of this property?
This property features: 1,847 gross square feet in a medical office condominium; Five exam rooms, reception area, storage, and private bathroom; 198 Canal Street, Suite 303, between Mott and Mulberry Streets
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