For Sale
$599,999
210 Canal St 409, New York, NY 10013
Office Units
Property Size807 SF
Price / SF$743.49
Days on Market220
Property Features for 210 Canal St 409
General Information
Standard status
Active
Size
807 SF
Property subtype
Commercial
Site & Location
Neighborhood
Little Italy
Taxes and HOA fees
Annual Taxes
$7,021
Building Details
Building Size
807 SF
Listing Agency:
Momentum Real Estate LLC
Listed By:
Lily Luu
(718) 382-0001
Source:
Elliman
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 30 at 3:20PM
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.
Key Highlights
- Vacant 807 Sqft Office Space
- Prime Chinatown Location
- Excellent Accessibility to Multiple Train Lines (B, D, N, Q, R, W, 4, 6, J, Z)
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
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
Where is this office unit located?
The property is located at 210 Canal St 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: Vacant 807 Sqft Office Space; Prime Chinatown Location; Excellent Accessibility to Multiple Train Lines (B, D, N, Q, R, W, 4, 6, J, Z)
