facebook
Traded Co logo
Submit
Daily limit: 0/10

99-91 Canal Project LLC Acquires Mixed-Use Buildings On Canal Street From Jay Lau For $21.1M

Property Image
SOLD
$21,100,000

New York

See Similar Deals
Mixed-use105,000 SF
Sold 04/03/2026
the dealplayerscompscontact
Property Image
SOLD

99-91 Canal Project LLC Acquires Mixed-Use Buildings On Canal Street From Jay Lau For $21.1M

91 Canal Street, 95 Canal Street & 99 Canal Street

See Similar Deals
Mixed-use105,000 SF
Sold 04/03/2026
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$201
Total Square Footage:105,000 SF
Transaction Type:Sale

Three mixed-use buildings located at 91 Canal Street, 95 Canal Street, and 99 Canal Street in Manhattan were sold for $21,100,000. The total area of these properties encompasses approximately 35,000 square feet, resulting in a price per square foot of around $603.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $21,100,000
  • Buyer: 99-91 Canal Project LLC
  • Seller: Jay Lau
  • Market: Manhattan
  • Square Footage: 35,000
  • Price Per Square Foot: $603

The buyer, 99-91 Canal Project LLC, acquired the properties from four companies associated with the seller, Jay Lau. This transaction underscores the ongoing interest in mixed-use properties within the Chinatown area of Manhattan.

Players

5 deals$46.4M volume
SELLER

Details

SOLD
IMAGE: 04/03/2026 ADDRESS: 91 Canal Street, 95 Canal Street & 99 Canal Street MARKET: Manhattan ASSET TYPE: Mixed-use BUYER: 99-91 Canal Project LLC SELLER: Jay Lau SALE PRICE: $21,100,000 SF: 35,000 ~ PPSF: $603 NOTE: Three Chinatown buildings at 91, 95, and 99 Canal Street sold for $21.1 million, totaling roughly 35,000 square feet. The properties were bought by 99-91 Canal Project LLC from four companies tied to Jay Lau.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,963.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,024.76
Annual Debt Service$1,200,297.18