51-Key NNN
For Sale
Contact for pricing
92 Canal St, New York, NY 10002
The hotel component is subject to an NNN lease with renewal and escalation provisions.
Property Size18,919 SF
Price / SF$951.42
Days on Market138
Property Features for 92 Canal St
General Information
Standard status
Active
Size
18,919 SF
Class
B
Property subtype
Hospitality
Zoning
C6-1G
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$1,112,400
Building Details
Year Built
2018
Stories
4
Tenancy
Single
Listing Agency:
Compass - NY
Listed By:
Steve Zhu · License #NY 40ZH1146333
(212) 913-9058
Source:
Crexi
Added: Apr 20
Changed: Sep 2
Last Checked: Aug 31 at 11:45PM
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 Compass - NY
Investment Insights
Based on property information with market context.
The offering consists of the hotel component of a mixed-use property completed and placed into service in 2018. The hotel contains 51 keys and operates as an economy lodging asset. Ground-floor retail and residential units above the fourth floor are held separately from the hotel portion.
The property is positioned at the intersection of Canal Street and Eldridge Street. Zoning is designated C6-1G. A new NNN lease was established in 2022 and has approximately five years remaining. The tenant also holds a five-year renewal option with 3% annual rent escalations, and a full personal guarantee covers the entire lease term.
The property is positioned at the intersection of Canal Street and Eldridge Street. Zoning is designated C6-1G. A new NNN lease was established in 2022 and has approximately five years remaining. The tenant also holds a five-year renewal option with 3% annual rent escalations, and a full personal guarantee covers the entire lease term.
Key Highlights
- 51‑key economy hotel component
- Completed and placed into service in 2018
- Located at the intersection of Canal Street and Eldridge Street
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
21,064
Businesses Nearby
Explore this area
Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - The hotel component is subject to an NNN lease with renewal and escalation provisions.
Where is this hotel located?
The property is located at 92 Canal St New York, NY.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: 51‑key economy hotel component; Completed and placed into service in 2018; Located at the intersection of Canal Street and Eldridge Street
