Vacant Office
210 Canal St 505 New York, NY 10013
210 Canal St 505, New York, NY, 10013
$429,000
For Sale
$429,000
Turnkey-ready office space, fully vacant, with monthly maintenance for essential services and exceptional walk/transit access.
Property Size437 SF
Price / SF$981.69
Days on Market87
Property Features for 210 Canal St 505
General Information
- Standard status
- Active
- Size
- 437 SF
- Property subtype
- Commercial
Listing agency
Momentum Real Estate LLC
(718) 382-0001
Listed by
Yu Xiao (Mary) Wu
(718) 382-0001
Source
Elliman
Added: Apr 27 Updated: Jul 22 at 4:17PM Checked: Jul 22 at 4:17PM
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
Investment Insights
Based on property information with market context.
A fully vacant office suite measuring approximately 437 square feet, currently ready to be tailored to fit your business needs. The space offers a straightforward, private configuration for professional office use.
Located at 210 Canal St, Suite 505 in New York, NY 10013. The building is supported by strong mobility metrics, including WalkScore 100, TransitScore 100, and BikeScore 94. Monthly maintenance is approximately $507.65 and is described as covering essential services, providing ongoing convenience for day-to-day operations.
Located at 210 Canal St, Suite 505 in New York, NY 10013. The building is supported by strong mobility metrics, including WalkScore 100, TransitScore 100, and BikeScore 94. Monthly maintenance is approximately $507.65 and is described as covering essential services, providing ongoing convenience for day-to-day operations.
Key Highlights
- Fully vacant 437 SF office space ready for a new business
- Monthly maintenance is approximately $507.65 covering essential services
- WalkScore 100 (Walker’s Paradise), bikeScore 94 (Biker’s Paradise), and transitScore 100 (Rider’s Paradise)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $51.48 |
| − Vacancy | −$4.3k | −$9.73 |
| EGI | $18.2k | $41.75 |
| − OpEx | −$4.6k | −$10.44 |
| NOI | $13.7k | $31.31 |
437 SF · lease $51.48/SF/yr · vacancy 18.90% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ta Chin Wang ...
Take-out & Catering
Health Plus Dental ...
Dental Office
Dr. Chi F. ...
Dental Office
Wei Min-Deh P ...
Dental Office
Amp Power Electric ...
Electrical Service
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Turnkey-ready office space, fully vacant, with monthly maintenance for essential services and exceptional walk/transit access.
Where is this office units located?
The property is located at 210 Canal St 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 SF office space ready for a new business; Monthly maintenance is approximately $507.65 covering essential services; WalkScore 100 (Walker’s Paradise), bikeScore 94 (Biker’s Paradise), and transitScore 100 (Rider’s Paradise)
