243 Canal Street
Little Italy, Manhattan
Parcel ID (BBL): 1002080020
Owner: City Urban Realty
Debt: July 31, 2026, $9 million
Built: 1915
Renovated: 1989
SF: 21,700
Dwelling units: 0
No. of buildings: 1
Class: Office with Comm — 1 to 6 stories (O5)
Floors: 6
Transactions:
• City Urban Realty and Stellar Management borrowed $9 million from Northeast Bank for 243 Canal Street, Little Italy, Manhattan on July 31, 2026.
• City Urban Realty and Stellar Management borrowed $21 million from Stellar Management for 243 Canal Street, Little Italy, Manhattan on August 15, 2025.
Development:
• Michael Alvandi filed alteration job M00794036 for building with 0 apartments in Little Italy, Manhattan, on August 29, 2022.
• Michael Alvandi filed alteration job M00311752 for 15 sqft building with 0 apartments in Little Italy, Manhattan, on March 10, 2020.
• Michael Alvandi filed alteration job M00311734 for 84 sqft building with 0 apartments in Little Italy, Manhattan, on March 10, 2020.
• Michael Alvandi filed alteration job M00311739 for 3 sqft building with 0 apartments in Little Italy, Manhattan, on March 10, 2020.
• Michael Alvandi filed alteration job M00311758 for 15 sqft building with 0 apartments in Little Italy, Manhattan, on March 10, 2020.
Litigation:
• Blackstone Group filed a $21 million pre-foreclosure 850230/2025 on May 13, 2025, against Stellar Management, City Urban Realty, Laurence Gluck and Michael Alvandi at 243 Canal Street.
Violations:
According to city public data, the properties have received $5,700 in OATH penalties in the last year.