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    257-259 Canal St New York, NY

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    Prime SoHo location with significant development potential.

    Type:RETAIL
    Property size:
    7,558 SF
    Lot size:
    0.10 Acres
    Added:
    Dec 17, 2024
    Days on Market:
    503
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 257-259 Canal St

    General Information

    Standard status
    Active
    Size
    7,558 SF
    Lot size
    0.10 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Lev Kimyagarov
    Lev Kimyagarov

    Listing agent Lev Kimyagarov

    Listing office Development Site Advisors

    Listing date Dec 17, 2024

    Source Moodyscre

    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 Development Site Advisors


    Overview

    SoHo Development Opportunity

    Located in the vibrant SoHo neighborhood, the property at 257-259 Canal Street presents a significant development opportunity. Zoned M1-5/R10 and situated within the Special SoHo/NoHo Mixed Use District, the site allows for a development potential of up to 12.00 FAR, approximately 47,868 ZFA as-of-right. The property is located in Opportunity Area 2, permitting a maximum height of 275 feet. Currently, the property features a 2-story commercial building with a frontage of 51.17 feet. The total lot size is approximately 3,989 square feet. The building's gross square footage is 8,070 square feet, generating a gross income of $571,971 and a net operating income of $375,882.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.0006
    Latitude
    40.7188

    FAQs

    What type of property is this?
    Commercial land - Prime SoHo location with significant development potential.
    Where is this commercial land located?
    The property is located at 257-259 Canal St New York, NY.
    What are key features of this property?
    This property features: Significant development opportunity in the vibrant SoHo neighborhood.; Zoned M1‑5/R10, allowing for a development potential of up to 12.00 FAR or ±47,868 ZFA as‑of‑right.; Situated in Opportunity Area 2, permitting a maximum building height of 275 feet.
    (516) 282-4602 Call to check price and availability
    More about this property
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