391 Canal St

Rare Opportunity: Prime SoHo Development Site approx 25,000 Buildable Square Feet!

A dream opportunity for owners, investors and developers alike, this exceptional SoHo development site offers unmatched potential in one of Manhattan’s most iconic neighborhoods. With over 20,000 buildable square feet, the property allows for multiple different uses and up to 26+- units, and boasts no height restrictions and flexible regulations under the SNX/SoHo rezoning plan and the new City of Yes rules.

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 residential rental, 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.

Property Highlights: 

* Retail vacant store

* Development site

* Condo Development

* Mixed use Development

* Rental 

* Income property

* Hotel Development

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.