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391 Canal St
0.03 Acres of Residential Land Offered at $9,985,000 in New York, NY 10013
Investment Highlights
- prime location, development site
Executive Summary
Property Facts
| Price | $9,985,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.03 AC |
| No. Lots | 1 |
| Price | $9,985,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.03 AC |
1 Lot Available
Lot
| Price | $9,985,000 | Lot Size | 0.03 AC |
| Price Per AC | $332,833,333 |
| Price | $9,985,000 |
| Price Per AC | $332,833,333 |
| Lot Size | 0.03 AC |
Currently vacant 1 story building on the Lot
Description
Rare Opportunity: Prime SoHo Development Site with Over 20,000 Buildable Square Feet! A dream opportunity for owners and developers alike, this exceptional SoHo development site offers unmatched potential in one of Manhattan’s most iconic neighborhoods. With over 20,000 buildable square feet, the property allows for up to 28 units, and boasts no height restrictions and flexible regulations under the SNX/SoHo rezoning plan and the new City of Yes rules. Located in the highly coveted SoHo West, SoHo East, and NoHo Bowery peripheral areas, the site benefits from special regulations that adapt bulk requirements typical of the M1-6/R10 district. These provisions provide the flexibility needed to create viable building envelopes, meet housing goals, and blend harmoniously with the neighborhood's unique character. Whether envisioned as a luxury residential condominium, a boutique hotel, or a premier commercial retail space, this development site sits at the heart of high-traffic SoHo, offering unparalleled visibility and prestige. Renowned for its blend of historic charm, world-class shopping, dining, and vibrant culture, SoHo is a global destination — and this property places you at the epicenter of it all. This is truly a once-in-a-lifetime opportunity to create an iconic project in one of New York City’s most well-known and sought-after locations. Don’t miss your chance to bring your vision to life in this extraordinary setting.
zoning
| Zoning Code | M1 (M2 - M2 Districts occupy the middle ground between light and heavy industrial areas) |
| M1 (M2 - M2 Districts occupy the middle ground between light and heavy industrial areas) |
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391 Canal St
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