499 Canal St, New York, NY 10013

Town Flatiron LLC has been retained on an exclusive basis to arrange for the sale of 499 Canal Street (the "Property"), a four-story, mixed use building, offering buyers a unique opportunity to own in the highly sought-after Hudson Square district. Bounded by Canal, Renwick, Spring and Hudson streets, the property is literally surrounded by development activity including a rumored hotel development at 219 Hudson, a brand-new Related Companies 201-unit rental building at 261 Hudson, and a Gene Kaufman 325-room hotel underway at 2 Renwick (with frontage on Canal and Hudson) opening this year. The Property consists of a 770-square-foot irregular lot currently occupied by a four-story, 2,684-square-foot building. For the new owner, the acquisition represents a unique occasion to renovate and reposition the Property as a mixed used income property, a rental or condominium property, a single home with private garage, first floor café or office space. 499 Canal is a rare opportunity to acquire a coveted property - positioned at the intersection of New York's renowned Hudson Square, SoHo and Tribeca neighborhoods - with 17-foot of frontage on Canal Street and proximity to a number of high-occupancy hotels and nearby advertising agencies and commercial buildings. This neighborhood is experiencing unprecedented growth driven by sweeping re-zoning passed in March 2013. This plan allowed for a significant increase in residential and retail development - which joins the earlier uptick in permitted hotel development - to create a mixed-use, 24/7 community in Hudson Square. As hospitality, residential and commercial building grows, a new wave of dining and nightlife venues is flocking to the area, joining the plentiful options in nearby SoHo and Tribeca.