Sold: 55-57 Canal St. at $4.9M; 194 Orchard St. at $3M

55-57 Canal St., also known as 11-13 Orchard St. Photo via Loopnet.

Local developers’ conversion of the landmarked Jarmulowsky Bank building into a boutique hotel isn’t the only big change coming to the intersection of Orchard and Canal streets.

The apartment building on the northwest corner, known as both 55-57 Canal St. and 11-13 Orchard St., changed hands last week, after about nine months on the market. A listing on Loopnet dated March 2012 set the price at $4.8 million; city land records indicate it sold for just a little more than asking price, at $4.9 million.