503 Canal Street, Manhattan
Hotel · built 2013 · Block 594, Lot 115.
Building permits
- Alteration, filed Nov 12, 2025, estimated cost $25K, described as “Mechanical system replacement in kind”
- Alteration, filed Sep 23, 2025, described as “IRA to assist with Condition Assessment.”
- Alteration, filed Oct 17, 2024, estimated cost $15K, described as “Installation of temporary tent structure within existing courtyard. No change in use, egress or occupancy.”
- Alteration, filed Jan 5, 2023, estimated cost $15K, described as “Modifications to the plumbing & sprinkler fixtures on the 11th FL. No change of use, egress of occupancy.”
- Alteration, filed Jan 5, 2023, estimated cost $60K, described as “Modification to the Mechanical system on the 11th FL. No change of egress, use or occupancy.”
- Alteration, filed Dec 23, 2022, estimated cost $75K, described as “Minor renovation 11th FL, ARLO SOHO space built out walls and floors. No change to use, egress or occupancy.”
- Alteration, filed Aug 12, 2022, estimated cost $10K, described as “Alteration-application filed herewith for facade repair on veneer brick . No change to occupancy, use,or egress.”
- Alteration, filed Jul 19, 2022, estimated cost $3K, described as “Installation of heavy duty sidewalk shed during bldg alteration, filed sep. Sidewalk shed shall comply with ch #33 of the NYC bc. No change in use, occupancy or egress under this application.”
- Alteration, filed Mar 17, 2022, estimated cost $54K, described as “Conversion of two separate existing hotel rooms into a one larger hotel room on floors 6 thru 8. This will be a reduction in guestrooms thus will not impact egress.”
- Alteration, filed Mar 17, 2022, estimated cost $18K, described as “Modifications to plumbing fixtures and related piping to bathrooms from 6th thru 8th floors as shown on plans.”
- Alteration, filed Jul 14, 2021, estimated cost $10K, described as “Installation of wooden temporary structure within existing courtyard. No change in use, egress or occupancy as shown on drawings filed herewith.”
Property taxes
- Assessment
- $29,670,300
- 2026–27 tax
- $3,044,858
- Market value (city estimate)
- $65,934,000
- Taxable value
- $28,068,378
- Assessed land
- $3,742,200
- Assessed improvements
- $25,928,100
Zoning
C6-2A: floor area ratio 6.53 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 10 ft (NGVD29). FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
Board and land use applications
- Appeal (Board of Standards and Appeals 191-99-A): Appeal, Granted, filed Sep 13, 1999, decided Mar 28, 2000. An appeal challenging a determination of the Borough Commissioner dated Angust 12, 1999, which states that subject premises (public parking garage), is occnpied in accordance with the Certificate of Occupancy.