240-242 CANAL ST
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Location
240-242 CANAL ST
Mblu
85/ / 6/ /
Acct#
0085 0000 0006 A
Owner
WASHINGTON MILL OWNER MA LLC
Total Market Value
$56,635,800
PID
3267
Building Count
2
Legal Description
Location
Urban
Street/Road
Paved
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$54,345,100$2,290,700$56,635,800

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerWASHINGTON MILL OWNER MA LLC
Co-Owner
Address256 W 14TH STREET 5TH FLOOR
NEW YORK, NY 10011
Sale Price$121,750,000
Certificate
Book & Page 18120/195
Sale Date10/17/2024
Instrument1N

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
WASHINGTON MILL OWNER MA LLC$121,750,000 18120/1951N10/17/2024
BERKELEY GGC CANAL ST LLC$63,975,000 16829/01761V03/19/2021
WASHINGTON MILLS APARTMENTS II LP$600,000 14791/01261T09/13/2016
NEWARK GROUP INDUSTRIES INC$0 02874/0132 01/18/1989

Building Information
Building 1 : Section 1
Year Built: 1880
Living Area: 335,482
Replacement Cost: $64,493,632
Building Percent Good: 72
Replacement Cost
Less Depreciation:
$46,435,400
Building Attributes
FieldDescription
Style:Apartments
ModelCommercial
GradeAverage
Stories:7
Occupancy161.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Plastered
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Quarry Tile
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApt Over 8 MDL-94
Total Rooms 
Total Bedrms00
Total Baths1
Bldg CondGood
1st Floor Use:4000
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 287,556 287,556
BASFirst Floor 47,926 47,926
CLPLoading Platform, Finished 220 0
FEPPorch, Enclosed, Finished 252 0
   335,954 335,482
Building 2 : Section 1
Year Built: 1900
Living Area: 33,880
Replacement Cost: $10,124,621
Building Percent Good: 72
Replacement Cost
Less Depreciation:
$7,289,700
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Apartments
ModelCommercial
GradeGood
Stories:1
Occupancy19.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelElectric
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseApt Over 8 MDL-94
Total Rooms22
Total Bedrms19
Total Baths21
Bldg CondExcellent
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingEXTENSIVE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height10.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 33,880 33,880
   33,880 33,880

Extra Features
Extra Features

No Data for Extra Features


Parcel Information
Use Code112C
DescriptionApt Over 8 MDL-94  
Deeded Acres

Land
Land Use
Use Code112C
DescriptionApt Over 8 MDL-94  
ZoneI2
Neighborhood980
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)7.61
Frontage0
Depth0
Total Market Land$2,290,700

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  200000.00 S.F.$620,0001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$54,345,100$2,290,700$56,635,800
2025$54,345,100$2,171,400$56,516,500
2024$51,518,200$1,481,800$53,000,000

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