Vacant Office
507-210 Canal St, New York, NY 10013
For Sale
$498,000
Vacant office unit positioned in a high-traffic Chinatown setting with professional-use flexibility.
Property Size515 SF
Price / SF$966.99
Days on Market177
Property Features for 507-210 Canal St
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
HOA Fee
Taxes and HOA fees
Annual Taxes
Listing Agency:
Tiger Realty
Listed By:
Yan Mei (Jamie) Zheng
(917) 708-9966
Source:
Exprealty
Added: May 18
Changed: Nov 9
Last Checked: Nov 8 at 9:24AM
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 Tiger Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 515-square-foot office unit is fully vacant and available for an owner-user or other professional occupancy. The compact commercial space can be configured around the operational needs of the occupant, subject to applicable requirements.
The property is located at 507-210 Canal St in New York, NY, within Chinatown. The surrounding setting is described as high traffic, supporting visibility and convenient access within the neighborhood. The asset is classified as an office unit and is offered for sale.
The property is located at 507-210 Canal St in New York, NY, within Chinatown. The surrounding setting is described as high traffic, supporting visibility and convenient access within the neighborhood. The asset is classified as an office unit and is offered for sale.
Key Highlights
- 515‑square‑foot office unit
- Fully vacant space
- Located in Chinatown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,126
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,520
$322.5K
Cap Rate 7%
$230,371
$230.4K
Cap Rate 9%
$179,178
$179.2K
Market Conditions
NOI Build-Up for 515 SF
Gross rent
$26.5K $51.48/SF
− Vacancy
−$5.0K −$9.73/SF
EGI
$21.5K $41.75/SF
− OpEx
−$5.4K −$10.44/SF
NOI
$16.1K $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%
$322,520
Cap Rate 7%
$230,371
Cap Rate 9%
$179,178
Alternative Uses
Best Use
Office B
$230.4K
$201.6K – $268.8K
NOI $16,126 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.0K
$315.0K – $420.1K
NOI $25,203 @ 7.0% cap · market cap 5.06%
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
19,820
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
$2,000,001
Median Home Value
Market
Average Price Trend$/SF for Office Units in New York, NY
Properties on Market for Office Units in New York
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant office unit positioned in a high-traffic Chinatown setting with professional-use flexibility.
Where is this office unit located?
The property is located at 507-210 Canal St New York, NY.
What is the asking price?
The asking price for this property is $498,000.
What are key features of this property?
This property features: 515‑square‑foot office unit; Fully vacant space; Located in Chinatown
