391 Canal St
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391 Canal St
2,208 SF 100% Leased Retail Building New York, NY 10013 $9,985,000 ($4,522/SF)
Investment Highlights
- TOP LOCATION
- DESIRABLE
- STEPS TO TRAIN
Executive Summary
RARE OPPORTUNITY, Owner or Developer DREAM, SoHo Development site with over 20,000 buildable SQ FT!
CAN BUILD UP TO 28 UNITS, WITH NO HEIGHT RESTRICTIONS AND MANY FLEXIBALE REGULATIONS DUE TO THE SNX/SOHO REZONING PLAN.
"In the SoHo West, SoHo East and NoHo Bowery peripheral areas, which are framed by wide streets and are generally located outside historic districts, special regulations Would modify the bulk regulations of the typical M1-6/R10 district to allow sufficient flexibility to achieve viable building envelopes and housing goals while responding to the neighborhood context."
This is one of the most unique well known location in Soho Manhattan suitable for hotel or residential condominium building or commercial retail high traffic one of the best location, well known, once in a lifetime opportunity.
CAN BUILD UP TO 28 UNITS, WITH NO HEIGHT RESTRICTIONS AND MANY FLEXIBALE REGULATIONS DUE TO THE SNX/SOHO REZONING PLAN.
"In the SoHo West, SoHo East and NoHo Bowery peripheral areas, which are framed by wide streets and are generally located outside historic districts, special regulations Would modify the bulk regulations of the typical M1-6/R10 district to allow sufficient flexibility to achieve viable building envelopes and housing goals while responding to the neighborhood context."
This is one of the most unique well known location in Soho Manhattan suitable for hotel or residential condominium building or commercial retail high traffic one of the best location, well known, once in a lifetime opportunity.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,208 SF
Building Class
C
Year Built
1920
Price
$9,985,000
Price Per SF
$4,522
Percent Leased
100%
Building Height
1 Story
Building FAR
1.32
Lot Size
0.04 AC
Zoning
M1-5/R10 (SNX) - M1-5/R10 (SNX)
Opportunity Areas (M1-6/R10 zoning districts)
Residential FAR of 12.0
Commercial FAR of 10.0
Base Height 125-155 ft; Max Height 275 ft
Frontage
22 FT on Canal St
Amenities
- Signage
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Biker's Paradise (95)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0227-0006 | Improvements Assessment | $406,990 |
| Land Assessment | $118,800 | Total Assessment | $525,790 |
PROPERTY TAXES
Parcel Number
0227-0006
Land Assessment
$118,800
Improvements Assessment
$406,990
Total Assessment
$525,790
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391 Canal St
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