Press Release brought to you by HFF

HFF named to market for sale 148 Duane Street in Tribeca, Manhattan

11/12/2015

NEW YORK, NY – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has been named to market for sale 148 Duane Street, a luxury residential conversion opportunity in Manhattan’s Tribeca neighborhood.

148 Duane Street has four high-ceilinged, full-floor residential units totaling 13,700 rentable square feet, 3,972 square feet of ground floor retail and a 2,889-square-foot cellar.  The property also includes a penthouse unit that will feature a private swimming pool and more than 3,500 square feet of outdoor space post renovation.  The building is situated near the intersection of Duane Street and West Broadway approximately one block from the Chambers Street 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 square feet of air rights that may be utilized upon further approval,” Rutman added.

About HFF
HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.

11/12/2015 - 16:30

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HFF

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