Vacant Office
For Sale
$498,000
210 Canal Street #507 507, New York, NY 10013
Vacant office space in a centrally located commercial building, suitable for professional occupancy.
Property Size515 SF
Price / SF$966.99
Days on Market101
Property Features for 210 Canal Street #507 507
General Information
Standard status
Active
Size
515 SF
Property subtype
Commercial
Listing Agency:
Tiger Realty
Listed By:
Yan Mei (Jamie) Zheng
(917) 708-9966
Source:
Prideestates
Added: Jul 12
Changed: Oct 3
Last Checked: Oct 19 at 6:51AM
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 515-square-foot office unit is fully vacant and available for ownership at 210 Canal Street, Suite 507. The space provides a compact commercial setting for professional office use and can be adapted to the needs of an incoming owner or occupant.
The property is located in Chinatown at 210 Canal Street in New York, NY 10013. Its position in a high-traffic area provides convenient access within a busy, vibrant commercial neighborhood.
The property is located in Chinatown at 210 Canal Street in New York, NY 10013. Its position in a high-traffic area provides convenient access within a busy, vibrant commercial neighborhood.
Key Highlights
- 515 SF office unit
- Fully vacant and ready for occupancy
- Located at 210 Canal Street #507, New York, NY 10013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,126
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,520
$322.5K
Cap Rate 7%
$230,371
$230.4K
Cap Rate 9%
$179,178
$179.2K
Market Conditions
NOI Build-Up for 515 SF
Gross rent
$26.5K $51.48/SF
− Vacancy
−$5.0K −$9.73/SF
EGI
$21.5K $41.75/SF
− OpEx
−$5.4K −$10.44/SF
NOI
$16.1K $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%
$322,520
Cap Rate 7%
$230,371
Cap Rate 9%
$179,178
Alternative Uses
Best Use
Office B
$230.4K
$201.6K – $268.8K
NOI $16,126 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,734 @ 7.0% cap · market cap 18.02%
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 - Vacant office space in a centrally located commercial building, suitable for professional occupancy.
Where is this office unit located?
The property is located at 210 Canal Street #507 507 New York, NY.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 515 SF office unit; Fully vacant and ready for occupancy; Located at 210 Canal Street #507, New York, NY 10013
