Chinatown Office Space
210 Canal Street 505, New York, NY 10013
For Sale
Contact for pricing
Vacant 437 sq. ft. office space in Chinatown.
Property Size437 SF
Price / SF$981.69
Days on Market245
Property Features for 210 Canal Street 505
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Stories
Listing Agency:
Momentum Real Estate LLC
Listed By:
Yan Mei Zheng
(917) 708-9966
Source:
Crexi
Added: Mar 11
Changed: Aug 15
Last Checked: Aug 15 at 11:01AM
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
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 sq. ft. office space is located in Chinatown. The space is fully vacant and suitable for various professional uses. It is situated in a high-traffic area, offering excellent visibility and convenience. The monthly maintenance is approximately $507.65, covering essential services.
Key Highlights
- Fully vacant 437 sq. ft. office space ready for customization.
- Prime location in the heart of Chinatown.
- High‑traffic area offering excellent visibility.
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
Office A
$305.5K
$267.3K – $356.4K
NOI $21,386 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
36,609
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
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in New York, NY
Properties on Market for Office Units in New York
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant 437 sq. ft. office space in Chinatown.
Where is this office unit located?
The property is located at 210 Canal Street 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: Fully vacant 437 sq. ft. office space ready for customization.; Prime location in the heart of Chinatown.; High‑traffic area offering excellent visibility.
