Vacant Interior Office
For Sale
$599,999
210 Canal Street #409 409, New York, NY 10013
Inside-facing office unit with vacant delivery and access to extensive subway and bus service.
Property Size807 SF
Price / SF$743.49
Days on Market93
Property Features for 210 Canal Street #409 409
General Information
Standard status
Active
Size
807 SF
Property subtype
Commercial
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Source:
Prideestates
Added: Jul 20
Changed: Oct 12
Last Checked: Oct 19 at 6:50AM
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 Momentum Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 807-square-foot office unit is offered vacant, providing a ready-to-occupy setting for an owner-user or office operation. Its inside-facing position supports a quieter work environment within the building, while the unit’s flexible layout can accommodate a range of office functions.
The property is located at 210 Canal Street in Manhattan’s Chinatown. Transit access includes the B, D, N, Q, R, W, 4, 6, J, and Z subway lines, along with the M22 and M103 bus routes. The combination of a compact office footprint, vacant occupancy, and broad public transportation access supports convenient daily use for employees and visitors.
The property is located at 210 Canal Street in Manhattan’s Chinatown. Transit access includes the B, D, N, Q, R, W, 4, 6, J, and Z subway lines, along with the M22 and M103 bus routes. The combination of a compact office footprint, vacant occupancy, and broad public transportation access supports convenient daily use for employees and visitors.
Key Highlights
- 807‑square‑foot office unit
- Delivered vacant for immediate occupancy
- Inside‑facing position for a quieter work setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,269
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
$505.4K
Cap Rate 7%
$360,986
$361.0K
Cap Rate 9%
$280,767
$280.8K
Market Conditions
NOI Build-Up for 807 SF
Gross rent
$41.5K $51.48/SF
− Vacancy
−$7.9K −$9.73/SF
EGI
$33.7K $41.75/SF
− OpEx
−$8.4K −$10.44/SF
NOI
$25.3K $31.31/SF
Area
New York, NY
Vacancy
18.90%
Lease Rate
$51.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$505,380
Cap Rate 7%
$360,986
Cap Rate 9%
$280,767
Alternative Uses
Best Use
Office B
$361.0K
$315.9K – $421.2K
NOI $25,269 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,612 @ 7.0% cap · market cap 23.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31,868
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Inside-facing office unit with vacant delivery and access to extensive subway and bus service.
Where is this office unit located?
The property is located at 210 Canal Street #409 409 New York, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 807‑square‑foot office unit; Delivered vacant for immediate occupancy; Inside‑facing position for a quieter work setting
