Commercial Land for Sale in New York, New York

391 Canal St New York, NY 10013

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$9,985,000
0.04 acres
Active sale agoEst $84,582/mo

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 approx 25,000 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. Approx 25+ Floors allowed with multiple different uses. Please Consult with your Architect. 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. Inquire for Setup and Zoning Analysis.

Location

Street Address
391 Canal St
Elevation
7 feet
Coordinates
40.7218, -74.0049

Property details

MLS Number
MyStateMLS 11403514
Date Posted

Parcels

  • 12276

This 0.04-acre property is located at 391 Canal St in New York, NY 10013 with latitude 40.7218 and longitude -74.0049. The property is currently available for sale for $9,985,000 with a price per acre of $256,025,641. Listing data is sourced from My State MLS # 11403514.

Verify sale details at the property source or contact Hillel Realty Group at (718) 417-7000.

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Copyright (C) 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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