302 Canal St 4 Unit Apartment Building $6,945,550 ($1,736,388/Unit) 5.75% Cap Rate New York, NY 10013
INVESTMENT HIGHLIGHTS
- Dual Frontage
- Excellent Connectivity
- 100% Free Market
- Strong NOI
- Mixed Use Income
EXECUTIVE SUMMARY
Prime Tribeca Investment Opportunity – 302 Canal Street
302 Canal Street is a prime opportunity to acquire a mixed-use, 100% free-market building in one of Manhattan’s most coveted neighborhoods. Offering 6,768 square feet of space, this property features dual frontage on Canal Street and Lispenard Street, ensuring excellent visibility and accessibility in the heart of Tribeca.
Positioned in a high-demand location, this property benefits from proximity to major transportation hubs, including the West Side Highway, Holland Tunnel, and Brooklyn-Battery Tunnel, as well as subway lines such as the A/C/E, 1/2/3, 6, and J/Z. These connections provide seamless access across the city, ensuring tenants can thrive in this highly desirable neighborhood.
With consistent cash flow, strong rental income, and prime visibility, this property is a true investment gem. Whether retail or residential, tenants are drawn to the energy and convenience of Tribeca, making this an exceptional opportunity for investors seeking both stability and growth in the NYC market.
Contact for full set up or schedule a private tour.
302 Canal Street is a prime opportunity to acquire a mixed-use, 100% free-market building in one of Manhattan’s most coveted neighborhoods. Offering 6,768 square feet of space, this property features dual frontage on Canal Street and Lispenard Street, ensuring excellent visibility and accessibility in the heart of Tribeca.
Positioned in a high-demand location, this property benefits from proximity to major transportation hubs, including the West Side Highway, Holland Tunnel, and Brooklyn-Battery Tunnel, as well as subway lines such as the A/C/E, 1/2/3, 6, and J/Z. These connections provide seamless access across the city, ensuring tenants can thrive in this highly desirable neighborhood.
With consistent cash flow, strong rental income, and prime visibility, this property is a true investment gem. Whether retail or residential, tenants are drawn to the energy and convenience of Tribeca, making this an exceptional opportunity for investors seeking both stability and growth in the NYC market.
Contact for full set up or schedule a private tour.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $6,945,550 |
| Price Per Unit | $1,736,388 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 6,766 SF |
| No. Stories | 5 |
| Year Built | 1910 |
| Zoning | C6-2A/TMU - C6-2A TMU |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 0210-0019 | Improvements Assessment | $473,400 |
| Land Assessment | $371,700 | Total Assessment | $845,100 |
CONTACTS
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Dominique Florio -
Talia McKinney -
Andrew Detore -
Lauren Santaniello -
SERHANT.
