- Year built
- 2012
- Type
- Condominium
- Units
- About 32
- Pets
- Pets permitted under the condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Generally allowed in condominiums; not confirmed for this building
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- No full-time doorman; part-time attendance or none
Every recorded sale at this building, 2017–2024
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2024
- $1,203
- floor-adjusted, 1 sale
- Recorded sales
- 37
- On record
- 2017–2024
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 86 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.
86 Canal Street is one of the small batch of ground-up condominiums delivered in the early 2010s along the seam where Chinatown meets the Lower East Side — a corridor that, until that development wave, was almost entirely tenement walk-ups and commercial loft stock. For buyers, that timing is the story: this is new-construction product (elevator, central air, in-unit systems, current building envelope) with prices to compare against specific LES new-development towers a few blocks east.
The building sits on Canal Street near Eldridge, with the energy of Chinatown to the south and the Lower East Side's gallery, dining, and nightlife belt to the north and east. It is a few minutes' walk to the F train at East Broadway, the B/D at Grand Street, and the J/Z/F/M hub at Essex/Delancey, putting it within easy reach of both downtown business districts and the rest of Manhattan.
Architecture and unit composition
86 Canal is a 12-story masonry-and-glass building designed by Tan Architect and developed by Wing Fung Realty Group, completed in 2012. The residential program runs to roughly 32 condominium units above ground-floor and lower-level commercial space.
Units are predominantly efficient one- and two-bedroom layouts with contemporary finishes, central air conditioning, and in-unit or in-building laundry; select apartments carry private balconies or terraces. This is a practical downtown building rather than an amenity-heavy luxury tower — compare actual common charges, taxes, financing and assessments with specific alternatives instead of assuming lower costs from the amenity model; confirm condition from recent engineering reports and board materials.
Building operations
86 Canal Street operates as a self-contained condominium with elevator service and a straightforward operating profile. There is no full-time doorman; the building is run lean, which keeps common charges modest relative to staffed downtown towers. Pets are permitted under the building rules.
As with any condominium, buyers should review the offering plan, current financial statements, board minutes, and the reserve position during due diligence — particularly the building's treatment of its commercial component, which affects the residential budget.
Building staffing and amenities
- Doorman
- No full-time doorman; part-time attendance or noneSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Elevator
- YesSource: NYC Department of Buildings elevator records
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $19,034/yr
- 2030–2034 annual penalty
- $61,904/yr
- Per unit / month range
- $50 – $161
- Modeled exposure split equally across 32 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
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 →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
86 Canal trades as a condominium, so pricing is read on a price-per-square-foot basis. Review dated transfers and matched sales to establish resale activity and prices against specific prewar walk-ups and newer LES towers. Individual apartments differ — floor, exposure (Canal-facing units carry more street activity), and the presence of private outdoor space drive meaningful variation. The relevant comparable is the building's own trade history rather than a neighborhood average.
Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings 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 |
|---|---|---|---|---|---|
| Oct 3, 2024 | 9D | 646 sf | $763,000 | $1,181/sf | — |
| May 25, 2023 | M1 | 1,005 sf | $1,339,325 | $1,333/sf | — |
| Mar 2, 2022 | 8D | 2 BR · 1.5 BA · 760 sf | $760,000 | $1,000/sf | -18.3% |
| Dec 30, 2021 | 6A | 610 sf | $590,585 | $968/sf | — |
| Oct 13, 2021 | 5D | 554 sf | $600,000 | $1,083/sf | — |
| Jul 27, 2021 | 7D | 646 sf | $804,000 | $1,245/sf | — |
| May 27, 2021 | 6D | 646 sf | $565,000 | $875/sf | — |
| May 22, 2019 | 12A | 673 sf | $809,508 | $1,203/sf | — |
Market read. Most recent trades (2024) cleared a median $1,203/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00292-7502; each condominium apartment is its own tax lot). 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 from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 86 Canal Street and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 86 Canal Street and its market
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What to know if you’re buying
Compare the specific home and its total costs. Elevator service, central air and modern systems are features of this 2012 building. Use matched sales and actual tax bills, charges and assessments to assess its price and cost position against LES towers; confirm renovation condition in the apartment.
Underwrite the commercial component. The building includes commercial space; understand how it is allocated in the budget and whether it contributes stable income or risk to the residential common charges.
Exposure matters here. Canal Street is a busy commercial corridor. View the apartment at different times of day and weigh Canal-facing versus rear/interior exposures for light and noise.
Condo flexibility is real. 30–45 day closings are achievable; pied-à-terre, investor, and foreign-buyer use are permitted under the declaration; subletting is allowed.
What to know if you’re selling
Lead with the new-construction story. In a corridor dominated by walk-ups, the elevator, central air, and in-unit systems are the differentiators. Photography and copy should foreground condition and systems.
Price to the building's own comps. Review the available sales sample and assess relevant 86 Canal trades alongside other comparable sales, adjusting for floor, exposure and outdoor space.
Reach the full downtown and cross-border buyer pool. Demand here spans local Chinatown/LES buyers, downtown professionals, and investors; marketing should reach all three.
Comparable buildings
If you're considering 86 Canal Street, also evaluate:
- 196 Orchard — full-service LES new-development condo a few blocks east; larger and amenity-rich; compare actual closed prices
- 136 East Broadway — boutique condo on the southern LES near the East Broadway transit hub
- 123 Baxter Street — 2000s boutique condo at the Little Italy/Chinatown border with doorman, gym, and parking
- 129 Lafayette Street — prewar loft conversion condo at the NoLita/Chinatown edge
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 86 Canal Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com