| Building Address: | 159-165 Canal St, New York NY 10013 |
| Building Alternate Address: | 159-165 Canal St |
| Zip Code: | 10013 |
| Neighborhood: | Soho |
| Borough: | Manhattan |
| Stories: | 0 |
| Year Built: | 1915 |
| Building Class: | B |
| Block & lot: | 00203-0002 |
159-165 Canal Street, located in Manhattan’s Chinatown neighborhood, is a historic commercial building originally constructed in 1915. The building comprises approximately 30,000 square feet across five stories and has been classified as an office with commercial uses spanning one to six stories.
Over the years, 159-165 Canal Street has housed a variety of commercial tenants, reflecting the evolving nature of Canal Street as a bustling retail and business corridor. Historically, the ground floor has been occupied by numerous jewelry businesses, indicative of the neighborhood's strong retail and wholesale trade heritage. The building underwent renovations in 2016 and 2017, modernizing its interior spaces while preserving its early 20th-century commercial architecture.
Purchased in 2013 for $33.6 million by a Manhattan-based partnership, the building continues to serve as a key retail and office location in Chinatown, supporting a diverse range of businesses including banks and food establishments, which contribute to the dynamic street-level activity of Canal Street.
The structure's robust combination of historic significance and commercial adaptability exemplifies the architectural and economic history of lower Manhattan's Chinatown area, mirroring the neighborhood's transformation from traditional manufacturing and import trades to modern retail and service industries.
159-165 Canal St, New York, NY 10013 is a property located in Chinatown, Manhattan. The building was constructed in 1915 and renovated in 2017. It features a total of 30,000 square feet, with the building class categorized as Office with Commercial - 1 to 6 Stories (O5). The property consists of 12 commercial spaces and is part of a block with two buildings on the lot. As of a recent sale, a nearby two-story, 5,000-square-foot office property was part of a transaction involving Isaac and Joseph Oved of The Oved Group.
159-165 Canal St, NYC Amenities
- Key money requirement: $280,000
- Turnkey setup: Fully operational hotpot restaurant
- Capacity: Accommodates up to 80 guests
- Utilities: Gas availability and full ventilation system
- Location features: Corner lot, high foot traffic area
- Interior: Well-lit space with authentic décor
- Climate control: Air conditioning installed
- Building details: 1915 construction, 2017 renovation
- Operational history: Previously housed Da Long Yi Hot Pot
159-165 Canal St, Manhattan, NYC - Office Tenants Rented / Leased
The property at 159-165 Canal Street is a five-story office building located in the Soho neighborhood of Manhattan. It features a mix of retail on the ground floor and office space above, with a total gross leasable area of approximately 29,425 square feet.
The building includes:
- Five stories with office units
- Ground-floor retail space currently anchored by First Republic Bank
- Building Class C, constructed in 1915 and renovated in 2017
Office rental rates vary by class and type of office space, with windowed offices ranging from $750 to $2,000 per month and interior offices from $500 to $1,250 per month, depending on office classification (Class A, B, or C).
At the time of sale transactions, the office building was part of a portfolio purchase, indicating stable tenancy and investment interest.
Internet Providers at 159-165 Canal St, Manhattan, NYC
The following internet service providers are commonly available in Manhattan neighborhoods including the area around 159-165 Canal Street, offering a range of connection types and speeds:
- Verizon Fios: Offers fiber-optic internet with speeds starting at 300 Mbps and up to 2.3 Gbps. Known for high reliability, symmetrical upload/download speeds, and competitive pricing starting around $49.99/month. Covers approximately 85% of Manhattan, including most residential and commercial areas near Canal Street.
- Astound Broadband Powered by RCN: Provides both cable and fiber internet with plans up to 1.5 Gbps. Known for affordable pricing and unlimited data usage. Widely available across Manhattan, including lower Manhattan neighborhoods.
- Spectrum: Cable and fiber internet with speeds up to 1 Gbps starting around $30-$50/month. Offers broad coverage throughout Manhattan, including Canal Street area, with reliable service and option to bundle TV and phone.
- Optimum: Available in some parts of Manhattan with cable and fiber connections offering speeds up to 8 Gbps, though coverage may be more limited compared to the above providers.
- Xfinity: Cable internet with speeds up to 2 Gbps, and some availability in Manhattan neighborhoods.
Other options such as satellite providers (e.g., HughesNet, Viasat, Starlink) and fixed wireless providers (e.g., Starry Internet, XNET WiFi) are also accessible but are generally fallback options for areas where fiber or cable is unavailable.
159-165 Canal Street Location
This location is situated in Chinatown, Manhattan, New York City. The cross streets include Canal Street, Centre Street, and Lafayette Street.
Transportation Options
- Subway: The nearest subway stations are Canal Street, served by the J, N, Q, R, Z, W, B, D lines, and Spring Street, served by the 1, C, E, A, 2 lines.
- Bus: Nearby bus stops include lines M1, M20, M21, M55, BM2, BM4, BXM18, and more.
- Train: PATH trains also have a stop nearby.
This area benefits from high foot traffic due to its busy commercial setting.
Nearby Office Tenants Leased- Lower Manhattan Dialysis Center leased 13,000 SF at 202 Centre St
- Bright Red Pixels leased 3,100 SF at 265 Canal St
Nearby Retail Tenants Leased- Five Points Academy leased 7,100 SF at 148 Lafayette St
- Chuan Tian Xia leased 4,400 SF at 26 Bowery
