163 Duane Street - Retail Condominium, New York 10013

TriBeCa, New York, New York 10013

$9,995,000   $8,995,000  

Listing ID Number

24595

Property Description

The ground floor retail condominium located at 163 Duane Street is currently home to the world renowned French restaurant, Bouley. The property benefits from over 130’ of wrap frontage along both Duane and Hudson Streets, providing ideal visibility. The current configuration features approximately 4,091 SF above grade and 3,972 SF on the lower level, offering a potential user a tremendous amount of flexibility in how they can use the space. The new purchaser will also benefit from the existing high-end build-out, which features a one-of-a-kind commercial kitchen and magnificent architectural details throughout the main floor and lower level.

The revitalization of Lower Manhattan has translated into a robust real estate environment due to the massive amount of new residential, hospitality and office development. The main factors driving this renaissance are the recently completed Fulton Street Transit Center, which contains 12 different subway lines as well access to the PATH train; the Freedom Tower and Brookfield Place. By the end of 2019, Lower Manhattan is expected to see an additional 5,200 new housing units as well as 3,900 hotel rooms as tourism is expected to reach nearly 15 million annual visitors. The subject is ideally situated to benefit from all of this new development, making it one of the most highly sought after retail corners in all of TriBeCa.

Overview

Building Type:Commercial Buildings
Location:Located on the corner of Duane and Hudson Street.
Lot Dimensions:51' x 91' (Irreg.)
Lot Sq Ft:5,118
Unit Sq Ft:8,063
Zoning:C6-2A/TMU
Taxes:$131,982

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Robert A. Knakal
Chairman, New York Investment Sales
(212) 660 7777
robert.knakal@cushwake.com

Jonathan Hageman
Executive Managing Director
(212) 660 7773
jonathan.hageman@cushwake.com

George D'Ambrosio
Director
(212) 660 7790
george.dambrosio@cushwake.com

Guillermo Suarez
Senior Director
(212) 660 7753
will.suarez@cushwake.com


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The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.