Updated 6 years ago
Off Market
60,329 Square FeetCommercial
$37,000,000
floors12
Lot Size65'x73'
Built Size66'x73'
ZoneC6-2G
Building TypeMid-Rise
RE Taxes$191,999
Price Per SF
$613
Building Amenities
- Attended Lobby
- Elevator
Property Description for 54-58 Canal Street
> 54-58 Canal Street also known as the Jarmulowsky Bank Building, is a 12 story, elevatored loft building.
> This spectacular corner building contains approximately 65,000 SF of space including the full basement/vault space.
> It is perfectly located between TriBeCa, Chinatown and the Lower East Side, a short walk to many of New York City's finest restaurants, hotels and schools.
> This offering is a unique opportunity for conversion to a hotel, condominiums with stores, or to be kept as its most recent use, commercial lofts with ground floor stores.
> From the upper floors, the panoramic views of New York City are unparalleled.
> The building lies in a C6-2G commercial zone and would require a special permit for conversion to residential use.
> It was erected in 1895 and was the tallest structure on the Lower East Side at the time.
> 54-58 Canal Street is historically relevant but not Landmarked.
> The building is now completely vacant.
Listing History for 54-58 Canal Street
Now
09/09/2009
POM by Michael F. DeCheser
Cushman & Wakefield
06/11/2009
Exclusive Expired by Michael F. DeCheser
Cushman & Wakefield
Building Details for 54-58 Canal Street
OwnershipCommercial
Building TypeMid-Rise
Service LevelAttended Lobby
AgePre-War
AccessElevator
Year Built1895
Floors12
Transit and Citi Bike
Subway
East Broadway
0.12 miles
Grand St
0.25 miles
Delancey St-Essex St
0.33 miles
Bowery
0.39 miles
Canal St
0.47 miles
Citi Bike
Pike St & E Broadway
0.08 miles
Allen St & Hester St
0.08 miles
Chinatown | Manhattan
Quick Profile
The roots of Chinatown are said to go back as far as 1858, with the arrival of Cantonese businessman, Ah Ken. Ah Ken made his fortune selling cigars and is thought to have set up the first boarding houses for Chinese immigrants.
Vibrant and bustling, in New York City’s Chinatown, you’ll find the biggest population of Chinese people in the Western Hemisphere. Although Chinatown was established mostly by Cantonese speakers, due to an influx of Fuzhounese speaking Chinese immigrants and Mandarin being the official language of China and Taiwan, Mandarin has become vital to the dynamic tableau that is Chinatown.
Centered around Chatham Square and Columbia Park, Chinatown is transportive yet quintessential New York. Traveling the cozy corridors of Chinatown, bask in the varied languages and cultural diaspora, uniquely American and yet universal. Witness the roots of a place where a community was allowed to grow within a community, a world within a world. See it in the statues, architecture, and signage throughout Chinatown. Smell it seeping out from the multitude of dim sum restaurants, noodle houses, and speakeasies that reside here. Pick up a bao and wander the markets for deals and explore the sometimes brutal historic sites.
Chinatown is developing. Much of the lower-income housing once available in the area are being refurbished and sold. As a result, the community and its demographic makeup are diversifying.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 29232TH
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