Vacant Office
For Sale
$429,000
210 Canal Street #505 505, New York, NY 10013
Chinatown office space suitable for a range of professional uses.
Property Size437 SF
Price / SF$981.69
Days on Market89
Property Features for 210 Canal Street #505 505
General Information
Standard status
Active
Size
437 SF
Property subtype
Commercial
Additional Details
HOA Fee
$507.65
Listing Agency:
Tiger Realty
Listed By:
Yan Mei (Jamie) Zheng
(917) 708-9966
Source:
Prideestates
Added: Jul 24
Changed: Oct 5
Last Checked: Oct 19 at 6:13AM
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 Tiger Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 437-square-foot office unit is currently vacant and ready for customization. The space is positioned for professional use and offers an ownership opportunity within New York’s Chinatown district.
Located at 210 Canal Street, Unit 505, the property provides a defined office setting in a neighborhood identified as one of the city’s busiest and most active commercial areas.
Located at 210 Canal Street, Unit 505, the property provides a defined office setting in a neighborhood identified as one of the city’s busiest and most active commercial areas.
Key Highlights
- 437‑square‑foot office unit
- Currently vacant and ready for customization
- Located at 210 Canal Street #505
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,684
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,680
$273.7K
Cap Rate 7%
$195,486
$195.5K
Cap Rate 9%
$152,044
$152.0K
Market Conditions
NOI Build-Up for 437 SF
Gross rent
$22.5K $51.48/SF
− Vacancy
−$4.3K −$9.73/SF
EGI
$18.2K $41.75/SF
− OpEx
−$4.6K −$10.44/SF
NOI
$13.7K $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%
$273,680
Cap Rate 7%
$195,486
Cap Rate 9%
$152,044
Alternative Uses
Best Use
Office B
$195.5K
$171.1K – $228.1K
NOI $13,684 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.09M
$951.8K – $1.27M
NOI $76,143 @ 7.0% cap · market cap 17.75%
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 - Chinatown office space suitable for a range of professional uses.
Where is this office unit located?
The property is located at 210 Canal Street #505 505 New York, NY.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 437‑square‑foot office unit; Currently vacant and ready for customization; Located at 210 Canal Street #505
