The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

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.

Click here for listing details.

Neighborhoods: Lower East Side/ Agents: Michael DeCheser