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Medical Office Condo with Exam Rooms
New
For Lease
$6,500/Mo

198 Canal St 303, New York, NY 10013

Five-room clinical layout with reception, storage, and a private bathroom.

Space Size1,847 SF
Days on Market2

Property Features for 198 Canal St 303

General Information

Standard status Active
Size 1,847 SF
Net Rentable 1,847 SF
Property subtype Commercial

Space & Availability

Available Space 1,847 SF
Contiguous Space 1,847 SF
Condition Turnkey

Additional Details

Public Transit Yes

Building Details

Building Size 1,847 SF
Units 2
Listing Agency: EXP Realty
Listed By: Emily P. Koo · License #10301218036
Source: Elliman
Added: Sep 2 Changed: Sep 3 Last Checked: Sep 3 at 2:33AM

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

Investment Insights

Based on property information with market context.

This 1847 gross sq-ft medical office condo provides a practical layout for medical or professional operations. The interior includes a reception area, five exam rooms, dedicated storage for supplies and equipment, and a private bathroom.

The property is positioned on the south side of Canal Street between Mott and Mulberry Streets, within Chinatown and near SoHo, TriBeCa, and the Lower East Side. Canal Street & Centre Street subway station is two blocks away, with access to the J, Z, N, Q, R, and 6 lines. The surrounding area includes coffee shops, restaurants, and retail, while the location records a 99 walk score, 100 transit score, and 89 bike score.

Key Highlights

  • 1847 gross sq‑ft commercial condo
  • Five exam rooms with a dedicated reception area
  • Private bathroom and storage for medical supplies and equipment

Property Analytics

Current Use

Lower East Side ... Crisis Center Naing-Thulin Kevin MD Physician Anthony Py Chan ... Medical Clinic J Tang Co ... Law Firm Lee Kwok Man ... Physician

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Clothing & Fashion Store Adult Day Care Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

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

Location Intelligence

Trade Area within ½ mile

36,609
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

$55.2 /SF/Yr
Avg Asking Price
$21.86–$85.01 /SF/Yr
Price Range
5,302 SF
Avg Space Size

This space is priced 23% below the average of $55.2 /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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Medical Office Space - Five-room clinical layout with reception, storage, and a private bathroom.
Where is this medical office space located?
The property is located at 198 Canal St 303 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: 1847 gross sq‑ft commercial condo; Five exam rooms with a dedicated reception area; Private bathroom and storage for medical supplies and equipment
More about this property
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