- Year built
- 1900
- Type
- Cooperative
- Landmark
- No
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.
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. 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 across 1 sale. The building has traded as recently as 2025.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00595-0011) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. 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.
Buying here? Co-op closing costs typically run 2 to 3% of the price. See NYC co-op and condo closing costs, line by line.
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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
- 482 Greenwich Street (The Arman) — 2011 condominium by Karl Fischer Architects
- 505 Greenwich Street — 2003 condominium
- 525 Broome Street — 1897 condominium
- 533 Canal Street — 1911 co-op
- 542 Broadway — 1864 condop
- 570 Broome Street — 2019 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.
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