- Year built
- 1900
- Type
- Cooperative
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Subletting by shareholders
- Permitted
- Pied-à-terre
- Permitted
- Pets
- Pets permitted with conditions; species not stated
- Washer/dryer
- Permitted
- Maximum financing
- 80% of the purchase price
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 530 Canal Street would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
530 Canal Street is a surviving commercial loft building at the western end of Canal Street, now operated as an elevator cooperative. Its broad interior floor plates support large apartments, including homes around 2,100 square feet. The six-story building retains its masonry frontage and restored roof cornice.
Historical research credits Franklin Baylies with the design for M. S. Herrman and dates construction to 1890. It was one of a pair of buildings developed on the site; the companion structure was later demolished. The surviving building housed a paper company during the 1920s before its eventual residential use.
Architecture and unit composition
The façade uses tan brick with a regular arrangement of tall window openings. Its original commercial base incorporated cast-iron elements, and the cooperative restored the roof cornice in 2008. Alterations to the ground floor have changed the treatment of the lower bays over time.
The residential floors contain ten apartments within a building that also has street-level commercial space. The loft proportions permit substantial interior living areas. A documented residential sale involved approximately 2,100 square feet, but that size should not be assumed for every apartment in the cooperative.
The ground-floor commercial premises retain visible industrial structural elements, including columns and beams. Commercial and residential spaces occupy different parts of the building, with the upper homes reached by elevator.
Building operations
The cooperative holds the property through 530 Canal Street Realty Corp. Its Class 2 assessment has no small-building growth cap, despite the ten-residence count, and no building tax abatement is recorded. The commercial component is part of the property's operating context.
LPC has not designated the tax lot. The building's restored cornice and nineteenth-century appearance do not place it within a historic district. This distinction matters for owners considering exterior work on a building with historic materials and a commercial ground floor.
Application and transaction fees
Fees below are from building management's published schedule, as of September 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Buyer | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Buyer | When With the application | Amount $20 per person | Refundable Non-refundable |
Sublet
4 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Subtenant | When With the application | Amount $700 | Refundable Non-refundable |
| Credit Check FeePer applicant | Paid by Subtenant | When With the application | Amount $20 per applicant | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Move-Out Deposit | Paid by Shareholder | When With the application | Amount $500 | Refundable Refundable |
| Move-In Deposit | Paid by Subtenant | When With the application | Amount $500 | Refundable Refundable |
Alteration
2 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Processing Fee | Paid by Resident | When With the application | Amount $500 | Refundable Non-refundable |
Deposits
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Security Deposit | Paid by Resident | When Upon approval | Amount Equal to 5% of the estimated cost, but no less than $5000 | Refundable Refundable |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Financing and purchase requirements
- Maximum financing
- 80% of the purchase priceSource: building management's published schedule, as of September 2026
- Guarantors
- PermittedSource: building management's published schedule, as of September 2026
- Co-purchasing
- PermittedSource: building management's published schedule, as of September 2026
- Parent buying for an employed child
- Permitted with conditionsNo policy in place, case by case basisSource: building management's published schedule, as of September 2026
- Parent buying for a student child
- Permitted with conditionsNo policy in place, case by case basisSource: building management's published schedule, as of September 2026
- Purchase or lease by a corporation
- Permitted with conditionsWith board approvalSource: building management's published schedule, as of September 2026
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Subletting by shareholders
- PermittedSource: building management's published schedule, as of September 2026
- Pied-à-terre ownership
- PermittedSource: building management's published schedule, as of September 2026
- Short-term rentals
- Not permittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Pets
- Pets permitted with conditions; species not statedWith board approvalSource: building management's published schedule, as of September 2026
- In-unit washer/dryer
- PermittedSource: building management's published schedule, as of September 2026
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $0 (under cap)
- Per unit / month range
- —
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Recent sales
Recent transfers at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| May 19, 2005 | 4W | 2 BR · 2,100 sf | $1,500,000 | $714/sf | -9.1% |
Market read. $/sf is measured on the latest sales with reliable square footage (2005): a median $714/sf (recorded) across 1 sale. The building has traded as recently as 2025.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00595-0011). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage on co-ops is not officially recorded, figures shown are approximate.
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Comparable buildings
- 466 Washington Street — A nearby prewar cooperative with loft proportions and a small association.
- 474 Greenwich Street — Another small prewar cooperative close to the western Canal Street corridor.
- Spice Lofthouse — A loft cooperative with a similar limited apartment inventory.
- 463 Greenwich Street — A larger loft cooperative for comparing association scale.
- 80 Wooster Street — A small prewar cooperative farther east, relevant for comparing downtown loft ownership.
More Tribeca buildings
- 463 Greenwich Street — 1884 co-op
- 465 Washington Street — 1900 condominium
- 466 Washington Street — 1883 co-op
- 471 Washington Street — 2009 condominium
- 474 Greenwich Street — 1900 co-op
- 475 Greenwich Street — 2008 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 530 Canal Street?
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646.939.7375 · c.cohen@compass.com