188 Duane St. #BLDG

New to market is this rare opportunity for a user who is in need of a large townhouse in the next 18 months. This is a unique opportunity to create your dream single-family mansion! Built in 1915, 188 Duane Street is a distinctively-designed 4-story mixed-use building in the prime historic district of Tribeca. Its beautiful brick faade and exceptional location on landmarked Duane Street add to the allure of its 19th century charm, tranquil landscape, and uniqueness. Formerly the home of the Lappin Tea Company and other tea wholesalers over the years, this 40’-wide, 6,000-square-foot property is currently comprised of 3 spacious full floor residential apartments (totaling 4,500 square feet) and a ground-floor retail space (1500 square feet). This building combines loft-like ceiling heights with heights ranging from 9’ on the 2nd and 3rd floor to 10.5’ on the ground and 4th floor. Two of the residential units have rent stabilized tenants, while the other is free market. With an additional 3,000 square feet of air rights, the possibilities are wide open to incorporate a generously-sized 5th floor addition or wonderful rooftop deck. Also, the existence of two staircases in the building allow for the easy installation of an elevator. A prime, one-of-a-kind Tribeca building like this doesn’t come along very often, at an address near Duane Park and the popular restaurants and art galleries for which this sought-after area is known.