198 Canal St #504
Chinatown
New York, NY, 10013

Built in 1915 this 32,007 sq.ft. building is 57% Retail, 43% Office Space and contains 0 residential units and 19 non-residential units.

This property is currently Off Market.

    Transit

    • Canal St Route JRoute NRoute QRoute RRoute ZRoute 6 3 Minute walk, 0.1 Miles
    • Grand St Route BRoute D 7 Minute walk, 0.4 Miles
    • Canal St Route ARoute CRoute E 8 Minute walk, 0.4 Miles
    • Chambers St Route JRoute ZRoute 4Route 5Route 6 9 Minute walk, 0.5 Miles
    • Franklin St Route 1 11 Minute walk, 0.6 Miles
    • Bleecker St Route BRoute DRoute FRoute MRoute 6 12 Minute walk, 0.6 Miles
    • Chambers St Route ARoute CRoute ERoute 2Route 3 14 Minute walk, 0.7 Miles

    Schools

    • Elementary School

      • Warning: This property is located near the boundary of it's school zone.
      • P.S. 124 Yung Wing
        • Grades: PK,0K,01,02,03,04,05,SE
        • Principal: Alice Hom
        • Phone: 212-966-7237
        • Address: 40 Division Street
        • Website: schools.nyc.gov
    • Middle School

      • M.S. 131
        • Grades: 06,07,08,SE
        • Principal: Phyllis Tam
        • Phone: 212-219-1204
        • Address: 100 Hester Street
        • Website: schools.nyc.gov
    • High School

      • Citywide High School Choice, students receive priority to Millennium High School (02M418).

    Public Records

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    • Initial UCC1 dated 2016-03-17, Debtor: 198 Canal LLC, Secured Party: China Citic Bank International Limited, Assignee: Show Details
    • An Assignment of Leases and Rents was granted to 198 Canal LLC by China Citic Bank International Limited or 2016-03-08 Show Details
    • 198 Canal LLC took a mortgage for $390,000.00 from China Citic Bank International Limited on 2016-03-08. Show Details
    • 198 Canal LLC was granted Power of Attorney for Board Of Managers Of 198 Canal Street Condominium on 2016-03-08 Show Details
    • Mei Lei Chan & John Y Chan sold this property to 198 Canal LLC for $600,000.00 on 2016-03-08. Show Details
    • Termination Of Assign Of L&R (Other Documents) was filed on 2016-02-09. Parties: Mei Lei Chan & John Y Chan, The Bank Of East Asia, Limited, New York Branch Show Details
    • Mei Lei Chan & John Y Chan Satisfied their Mortgage with The Bank Of East Asia, Limited, New York Branch on 2016-01-20. Show Details
    • UCC3 Termination dated 2016-01-21, Debtor: Mei L Chan & John Y Chan, Secured Party: The Bank Of East Asia, Limited, New York Branch, Assignee: Show Details
    • UCC3 Amendment dated 2013-08-29, Debtor: Mei L Chan & John Y Chan, Secured Party: The Bank Of East Asia, Limited, New York Branch, Assignee: Show Details
    • Ucc3 Continuation (Ucc And Federal Liens) was filed on 2011-10-19. Parties: John Y Chang & Mei Lei Chan, The Bank Of East Asia, Limited, New York Branch Show Details
    • An Assignment of Leases and Rents was granted to Mei Lei Chan & John Y Chan by The Bank Of East Asia, Limited, New York Branch or 2007-03-12 Show Details
    • Mei Lei Chan & John Y Chan took a mortgage for $300,000.00 from The Bank Of East Asia, Limited, New York Branch on 2007-03-12. Show Details
    • Initial UCC1 dated 2007-03-13, Debtor: Mei L Chan & John Y Chan, Secured Party: The Bank Of East Asia, Limited, New York Branch, Assignee: Show Details
    • Mei Lei Chan & John Y Chan Satisfied their Mortgage with Chinatown Federal Savings Bank on 2002-07-15. Show Details
    • John Chan & Mei Lei Chan & Aka John Y Chan Satisfied their Mortgage with U.S. Small Business Administration on 2004-04-01. Show Details
    • Mei Lei Chan & John Y Chan took a mortgage for $25,300.00 from Administrator/Smallbusiness Administration on 2002-07-18. Show Details
    • Mortgage Agreement for $0.00 dated 1999-01-15 between Abacus Federal Savings Bank and Mei Lei Chan & John Y. Chan Show Details
    • On 1999-01-15 a mortgage on this property was transferred from Chinatown Federal Savings Bank to Abacus Federal Savings Bank. Show Details
    • Mei Lei Chan & John Y. Chan took a mortgage for $10,186.39 from Abacus Federal Savings Bank on 1999-01-15. Show Details
    • Mei Lei Chan & John Y. Chan took a mortgage for $126,750.00 from Chinatown Federal Savings Bank on 1995-12-29. Show Details
    • Release dated 1995-07-26 between Limited Bank Of East Asia and Kam Man Realty Corp. Show Details
    • Mei Lei Chan & John Y. Chan was granted Power of Attorney for 198 Canal Street Condominium on 1995-07-26 Show Details
    • Inc. Kam Man Food Products sold this property to Mei Lei Chan & John Y. Chan for $0.00 on 1995-06-27. Show Details
    • Certificate (Other Documents) was filed on 1993-01-07. Parties: Nyc Dept Of Finance Show Details
    • Maps filed 1991-12-24 Show Details
    • Declaration (Other Documents) was filed on 1991-12-24. Parties: Kam Man Food Prductsinc Show Details

    Lot

    Address
    198 Canal St #504, 10013
    Square Footage
    5,025
    Lot Type
    Inside
    Dimensions
    0.11ft x 0.0ft
    BBL
    1002007501
    Condo Number
    801

    Neighborhood

    Historic District
    N/A
    Community District
    03
    City Council
    1
    Police Precinct
    5
    Fire Company
    E009
    School District
    2
    Census Tract
    29

    Zoning

    Zoning District
    C6-1G
    Commercial Overlay
    N/A
    Special Purpose
    N/A
    Limited Height
    N/A
    Landmark
    N/A

    Assessment

    Tax Class
    4
    MV Land
    $63,128
    MV Total
    $144,365
    AV Land
    $28,407
    AV Total
    $64,964

    Floor Area Ratio

    Built FAR
    6.37

    Residential
    Zoned FAR 3.44
    Max 17,286.0 sq. ft.
    Remaining -14,721.0 sq. ft.

    Commercial
    Zoned FAR 6.0
    Max 30,150.0 sq. ft.
    Remaining -1,857.0 sq. ft.

    Facility
    Zoned FAR 6.5
    Max 32,662.5 sq. ft.
    Remaining 655.5 sq. ft.

    Building

    Condo Number
    801
    Category
    Condominiums
    Class
    Office Space
    Land Use
    Commercial & Office Buildings
    Buildings
    1
    Year Built
    1915
    Alterations
    N/A
    Floors
    6.0
    Residential Units
    0
    Total Units
    19
    Floor Area
    32007
    Basement
    Unknown
    Proximity
    Unknown

    Crime

    This property is located in the 5th Precinct of Manhattan.

    Property Crime

    Very high
    In 2015 the 5th Precinct saw 1206 felony property crimes (Burglary, Grand Larceny and Grand Larceny of Motor Vehicle) committed per 100,000 residents**. This is lower then the borough's property crime rate, which was 1219 over the same period.

    Violent Crime

    Average
    In 2015 the 5th Precinct saw 517 felony violent crimes (Murder, Rape, Robbery and Felony Assault) committed per 100,000 residents**. This is higher then the borough's violent crime rate, which was 444 over the same period.

    ** This does not take daytime population into account. Actual crime rates in areas where many people work (higher daytime population) may be lower. Conversely actual crime rates may be higher in areas where many people commute out for work (lower daytime population).

    Street View