Multi-family

For Sale: 369–371 Canal Street, New York, NY 10013
Asking Price: $9,950,000
Price/Unit: $1,990,000
Units: 5 Residential
Gross Building Area (GBA): 10,549 SF
Stories: 5
Class: C – Walk-Up Mid-Rise
Sale Type: Investment
Location: Tribeca / SoHo Border – Central Business District (CBD)
Rent Type: Market Rate
Buildings: 2 Contiguous Structures

Property Overview:
369–371 Canal Street presents a rare opportunity to acquire a prime mixed-use investment property located at the crossroads of Tribeca, SoHo, and Chinatown—a high-visibility corridor with exceptional connectivity, historic character, and enduring tenant demand. Comprising 5 full-floor residential units across two adjacent buildings, the property spans approximately 10,549 square feet, offering generous floor plates (approx. 3,100 SF per floor) and flexible layout options for future repositioning.

All residential units are market-rate, providing immediate cash flow and long-term appreciation potential in one of Manhattan’s most supply-constrained submarkets.

Key Features:

• Two contiguous mixed-use mid-rise buildings
• Full-floor residential units with large footprints
• All units market rate – no regulatory encumbrances
• GBA: 10,549 SF | Typical Floor: ~3,100 SF
• Located on Canal Street between Wooster and West Broadway
• Near major subway lines (A/C/E, 1, N/Q/R/W, 6, J/Z)
• Strong street-level exposure with potential for commercial use conversion

Investment Highlights:

• Asking Price: $9,950,000
• Price/Unit: $1,990,000
• Units per Acre: 70/AC
• Ideal for long-term hold, boutique residential repositioning, or mixed-use redevelopment
• Close to Hudson Square rezoning and continued west side growth corridors
• No elevator – classic walk-up configuration with efficient operations

Conclusion:
369–371 Canal Street offers investors and developers the chance to own a trophy-level asset in one of Downtown Manhattan’s most dynamic and rapidly evolving areas. With market-rate units, large layouts, and dual-building flexibility, this property is well-positioned for long-term rental income or adaptive reuse.

Contact us today for full financials, floor plans, or to arrange a confidential property tour.