142 Duane Street New York, NY
142 Duane Street New York, NY 8,000 SF CO-OP FOR SALE
Tremendous Opportunity Retail, Gallery & Office FOR SALE Property Features The subject property is located on the south side of Duane Street between West Broadway and Church Street.
Location Block / Lot Lot Dimensions: Building Dimensions
146/18 41.25’ x 116.08’ (Approx.) 41.25’ x 116.08’ (Approx.)
Gross Square Footage Above Grade Sq. Ft.
8,000 (Approx.) 4,750
Zoning
C6-2A
FAR
5.00
Lot Square Footage
(Special Tribeca Mixed-use District) (Located in Area A1 of the Special Tribeca Mixed-use District)
GSF
4,817
Historic District
Tribeca South
Annual CAM
$105,063
Basement
3,250
(Approx.)
Ground
3,500
(Approx.)
1,250
(Approx.)
8,000
(Approx.)
Mezzanine Total Sq. Ft. * Basic STAR School Relief & Co-op/Condo Abatement
Property Description 142 Duane Street is an 8,000 SF retail co-op located on the south side of Duane Street between Church Street and West Broadway. The property features from over 40’ frontage on Duane Street and benefits from 17’ high ceilings and both a fully usable mezzanine and lower level space. The current configuration features approximately 4,750 SF above grade and 3,250 SF on the lower level, offering a potential user a tremendous amount of flexibility on how they can use the space. With residential and retail demand in the area showing no signs of abating, 142 Duane Street presents an advantageous investment opportunity for anyone interested in owning a piece of TriBeCa. The neighborhood has consistently been one of the strongest submarkets in all of Manhattan, where condominium sellouts often reach over $3,000 per square foot. This continued surge of wealth has been one of the key drivers in making this location a highly sought after destination for national retailers. In addition, the current zoning allows for both residential and commercial uses, allowing a potential purchaser to convert the existing space to residential/live-work occupancy. The property is also well located within walking distance to both the Brooklyn-Bridge as well as the Chambers Street subway stations, providing for seamless access to the rest of the City.
LOT 18
41.25’
BLOCK 146
CHURCH STREET
Asking Price: $10,000,000
116.08’
W B R O A D WAY
READE STREET
CHAMBERS STREET
Robert Knakal
Jonathan Hageman
Will Suarez
Chairman (212) 660 7777 [email protected]
Director Director (212) 660 7773 (212) 660 7753 [email protected] [email protected]
Elysa Berlin Associate Director (212) 660 7764 [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Tremendous Opportunity Retail, Gallery & Office FOR SALE Property Features The subject property is located on the south side of Duane Street between West Broadway and Church Street.
Location Block / Lot Lot Dimensions: Building Dimensions
146/18 41.25’ x 116.08’ (Approx.) 41.25’ x 116.08’ (Approx.)
Gross Square Footage Above Grade Sq. Ft.
8,000 (Approx.) 4,750
Zoning
C6-2A
FAR
5.00
Lot Square Footage
(Special Tribeca Mixed-use District) (Located in Area A1 of the Special Tribeca Mixed-use District)
GSF
4,817
Historic District
Tribeca South
Annual CAM
$105,063
Basement
3,250
(Approx.)
Ground
3,500
(Approx.)
1,250
(Approx.)
8,000
(Approx.)
Mezzanine Total Sq. Ft. * Basic STAR School Relief & Co-op/Condo Abatement
Property Description 142 Duane Street is an 8,000 SF retail co-op located on the south side of Duane Street between Church Street and West Broadway. The property features from over 40’ frontage on Duane Street and benefits from 17’ high ceilings and both a fully usable mezzanine and lower level space. The current configuration features approximately 4,750 SF above grade and 3,250 SF on the lower level, offering a potential user a tremendous amount of flexibility on how they can use the space. With residential and retail demand in the area showing no signs of abating, 142 Duane Street presents an advantageous investment opportunity for anyone interested in owning a piece of TriBeCa. The neighborhood has consistently been one of the strongest submarkets in all of Manhattan, where condominium sellouts often reach over $3,000 per square foot. This continued surge of wealth has been one of the key drivers in making this location a highly sought after destination for national retailers. In addition, the current zoning allows for both residential and commercial uses, allowing a potential purchaser to convert the existing space to residential/live-work occupancy. The property is also well located within walking distance to both the Brooklyn-Bridge as well as the Chambers Street subway stations, providing for seamless access to the rest of the City.
LOT 18
41.25’
BLOCK 146
CHURCH STREET
Asking Price: $10,000,000
116.08’
W B R O A D WAY
READE STREET
CHAMBERS STREET
Robert Knakal
Jonathan Hageman
Will Suarez
Chairman (212) 660 7777 [email protected]
Director Director (212) 660 7773 (212) 660 7753 [email protected] [email protected]
Elysa Berlin Associate Director (212) 660 7764 [email protected]
Cushman & Wakefield 275 Madison Ave, 3rd Fl New York, NY 10016 phone: +1 212 696 2500 nyinvestmentsales.com
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
