Chinatown Commercial Corner
274 Canal Street New York, NY 10013
For Sale
$14,000,000
COMMERCIAL - New York, NY
Property Size4,800 SF
Lot Size0.05 Acres
Price / SF$2,916
Days on Market970
Property Features for 274 Canal Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M1-5
- Basement
- Unfinished
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.05 Acres
Building Details
- Building materials
- Masonry
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Ray Long Wu
(929) 364-1301
Added: Nov 28, 2023
Changed: Apr 30
Last Checked: Jul 25 at 10:06AM
MLS# 478469
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the prime Chinatown area, this four-story commercial corner building has an approved plan for a mixed-use development. The proposed plan includes 4878 square feet of commercial space and 1626 square feet of residential space. The property is zoned M1-5 and is being sold in 'As Is' condition. The lot size is approximately 0.0466 acres. The property is located at 274 Canal Street, New York, NY 10013.
Key Highlights
- Prime Chinatown location
- Approved plan for mixed‑use development featuring 4878 SF commercial and 1626 SF residential space
- Four‑story commercial corner building
Financial Insights For Retail
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 | $1.13M | $235.68 |
| − Vacancy | −$166.3k | −$34.64 |
| EGI | $965.0k | $201.04 |
| − OpEx | −$289.5k | −$60.31 |
| NOI | $675.5k | $140.72 |
4,800 SF · lease $235.68/SF/yr · vacancy 14.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$9.65M
$8.44M – $11.26M
NOI $675,478 @ 7.0% cap · market cap 4.82%
Second Best
Mixed Use
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 1.09%
Theoretical Best
Specialty Retail
$11.95M
$10.45M – $13.94M
NOI $836,352 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Four-story commercial building in prime Chinatown location with approved plans.
Where is this mixed-use property located?
The property is located at 274 Canal Street New York, NY.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Prime Chinatown location; Approved plan for mixed‑use development featuring 4878 SF commercial and 1626 SF residential space; Four‑story commercial corner building
