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.
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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.
