Commercial Investment Property for Lease – 168 Canal Street, New York, NY 10013
Asking Rent: $20,000 / Month
Price per Sq. Ft.: ~$73 / SF (Annualized)
Space Available: 3,291 Sq. Ft.
Lease Type: Commercial / Retail or Office
Location: Chinatown / Lower Manhattan
Availability: Immediate
Property Overview
168 Canal Street presents a 3,291 sq. ft. commercial space in the heart of Chinatown, one of New York’s busiest and most culturally vibrant districts. The property benefits from direct Canal Street frontage, strong visibility, and constant pedestrian and vehicular traffic.
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Well-suited for retail, restaurant, medical office, or service businesses, this space offers tenants the opportunity to capture both local community demand and heavy tourism-driven foot traffic. Its Lower Manhattan location ensures connectivity to Tribeca, SoHo, and the Financial District.
Key Features
- Total Space: 3,291 sq. ft.
- Asking Rent: $20,000 / month (approx. $240,000 annually)
- Price per SF: ~$73 (annualized)
- Frontage: Prominent Canal Street exposure
- Use Flexibility: Retail, dining, medical office, showroom, or service-oriented tenant
- Condition: Available for immediate tenant build-out
Market Profile
- Tenant Opportunities: Ideal for food & beverage operators, specialty retail, medical/clinic use, or professional offices
- Demand Profile: Chinatown remains one of Manhattan’s most active retail corridors, with consistent daily traffic from local residents, commuters, and tourists
- Comparable Rents: Canal Street retail typically ranges $70–$110/SF annually depending on frontage and condition
Financial Highlights
- Monthly Rent: $20,000
- Annualized Rent: $240,000
- Price per SF: ~$73 (annualized)
- Lease Terms: Negotiable (long-term preferred)
- Upside Potential: High foot traffic location, cultural tourism, and access to multiple Lower Manhattan submarkets (SoHo, Tribeca, FiDi)
Location Advantages
- Neighborhood: Chinatown / Lower Manhattan
- Transit: Steps from Canal Street stations (N/Q/R/W, 6, J/Z lines) with direct access across NYC
- Surroundings: Dense mix of restaurants, specialty shops, financial services, and cultural attractions
- Foot Traffic: Heavy daily flow from commuters, residents, and tourists
Summary
The 3,291 sq. ft. space at 168 Canal Street offers a high-visibility Canal Street presence at $20,000/month (~$73/SF). With unmatched pedestrian traffic, cultural appeal, and proximity to multiple Lower Manhattan neighborhoods, this space is a strong fit for retail, dining, medical, or service tenants seeking long-term positioning in one of New York’s most dynamic corridors.
