HFF chosen to market 148 Duane Street in TriBeCa

Manhattan, NY Holliday Fenoglio Fowler, L.P. (HFF) has been named to market for sale 148 Duane St., a residential conversion opportunity in the TriBeCa neighborhood. 148 Duane St. has four high-ceilinged, full-floor residential units totaling 13,700 rentable s/f, 3,972 s/f of ground floor retail and a 2,889 s/f cellar.  The property also includes a penthouse unit that will feature a private swimming pool and more than 3,500 s/f of outdoor space post renovation.  The building is situated near the intersection of Duane St. and West Broadway one block from the Chambers St. metro station and within walking distance to all of Tribeca’s retail, dining and entertainment attractions.  In addition, the property is one half of a mile from Goldman Sachs World Headquarters, One World Trade Center and Brookfield Place, the newly-developed luxury lifestyle center overlooking the Hudson River. The HFF investment sales team representing the seller is led by senior managing director Eric Anton, managing director Rob Rizzi and associate director Steven Rutman. “We are excited to be marketing this rare opportunity to acquire a classic loft elevator building primed for conversion to luxury condominiums in New York City’s most desired residential neighborhood,” said Anton. “Beyond its excellent location, the property’s appeal is furthered by the fact that the owner has already obtained all of the various approvals and permits to renovate the entire property and transform it into the leading luxury building in the area.  Additionally, the property has more than 1,873 s/f of air rights that may be utilized upon further approval,” Rutman said.