391 Canal Street

Buildable Square Footage: ±19,992 ZFA SF
Address & Location: 391 Canal Street, north side of Canal Street between Thompson Street and West Broadway — prime SoHo/TriBeCa crossroads with high-visibility frontage.
Zoning & Development Potential: Zoned M1-5/R10/SNX; Base FAR 10.0 → As-of-Right Buildable SF ≈16,660; Maximum Buildable SF (Universal Affordability Preference (UAP/MIH)) FAR 12.0 → ≈19,992 — exceptional upside for residential, mixed-use, or retail/residential development.
Lot Details: Block 227, Lot 6; Lot Size ≈21.5’ x 77.33’ (≈1,666 SF total lot area).Single-story commercial building ideally positioned at the SoHo/TriBeCa intersection; 21.5’ of prime Canal Street frontage; offers developers the rare chance to capitalize on intense retail and residential demand in Lower Manhattan’s most dynamic submarket.
Visibility & Accessibility: Ideal for a host of retail uses on the lower floors. Unparalleled access to transit.
Existing Building: Single-story commercial building; Dimensions 21′ x 48′; Gross Building Area ±2,208 SF.
Current Assessment & Taxes (2025/2026): Assessed Value $517,930; Annual Taxes $55,740.

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