257-259 Canal St, New York, NY

Listing agent Lev Kimyagarov Show Phone

Listing office Development Site Advisors Show Phone

Listing date Dec 17, 2024

Source Moodyscre

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Overview

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.

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

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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.