Elevator-Building Office
For Sale
$575,000
210 Canal Street Unit 508 New York, Manhattan, NY 10013
A fifth-floor workspace in Manhattan’s Chinatown business district offers access to an elevator-served commercial building.
Property Size575 SF
Price / SF$1,000
Days on Market8
Property Features for 210 Canal Street Unit 508 New York
General Information
Standard status
Active
Size
575 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
5
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,119
Building Details
Building Size
575 SF
Listing Agency:
eXp Realty
Listed By:
Ismail S. Kolya · License #NY10301218725
(914) 215-1540
Source:
Serhant
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 2:53PM
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 eXp 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 575 sq. ft. office unit occupies the fifth floor of an elevator building at 210 Canal Street in Manhattan’s Chinatown. The space is identified as suitable for professional office uses, including accounting, legal, mortgage, and medical practices.
Nearby transit includes the N, Q, R, W, J, and Z subway lines, as well as the 4 and 6 lines. The M103, M55, and M22 bus routes are also nearby. Unit 509 is separately available for sale, with the option to acquire both units together.
Nearby transit includes the N, Q, R, W, J, and Z subway lines, as well as the 4 and 6 lines. The M103, M55, and M22 bus routes are also nearby. Unit 509 is separately available for sale, with the option to acquire both units together.
Key Highlights
- 575 sq. ft. office unit on the fifth floor
- Elevator building at 210 Canal Street in Manhattan’s Chinatown
- Nearby subway service on the N, Q, R, W, J, Z, 4, and 6 lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,005
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,100
$360.1K
Cap Rate 7%
$257,214
$257.2K
Cap Rate 9%
$200,056
$200.1K
Market Conditions
NOI Build-Up for 575 SF
Gross rent
$29.6K $51.48/SF
− Vacancy
−$5.6K −$9.73/SF
EGI
$24.0K $41.75/SF
− OpEx
−$6.0K −$10.44/SF
NOI
$18.0K $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%
$360,100
Cap Rate 7%
$257,214
Cap Rate 9%
$200,056
Alternative Uses
Best Use
Office B
$257.2K
$225.1K – $300.1K
NOI $18,005 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,188 @ 7.0% cap · market cap 17.42%
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
23,343
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 - A fifth-floor workspace in Manhattan’s Chinatown business district offers access to an elevator-served commercial building.
Where is this office unit located?
The property is located at 210 Canal Street Unit 508 New York Manhattan, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 575 sq. ft. office unit on the fifth floor; Elevator building at 210 Canal Street in Manhattan’s Chinatown; Nearby subway service on the N, Q, R, W, J, Z, 4, and 6 lines
