Tribeca Mixed-Use Townhouse
183 Duane Street, Manhattan, NY 10013
Five-unit mixed-use townhouse in prime Tribeca location.
Type:Mixed Use
Property size:
5,647 SFPrice / SF:
$1,230/SF- Added:
- Aug 24, 2025
- Days on Market:
- 283
- Last Refresh:
- Mar 13 at 6:27 pm
Property Features for 183 Duane Street
General Information
- Standard status
- Active
- Size
- 5,647 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agent Christopher V Cavorti License #10301206385 (914) 804-7091
Listing office Corcoran Group (914) 804-7091
Listing date Aug 24, 2025
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
HighLights
- Prime Tribeca location on Duane Street, offering access to world‑class dining, retail, culture, and transit.
- Mixed‑use building with stable income from a long‑term commercial tenant (Nili Lotan) and four residential units.
- Significant upside potential through renovation, repositioning of units, or conversion to a single‑family residence.
- Strong financials with a current NOI of approximately $299K and a projected proforma NOI of $395,000, resulting in a 5.69% proforma CAP rate.
- Flexible configuration with spacious residential units (approx. 800 Net SF each) that can be converted to 2‑bedroom, 2‑bath layouts.
- Favorable Tax Class 2B designation and approximately 451.6 square feet of available development rights.
Overview
Located on Duane Street between Greenwich and Hudson Streets in Tribeca, this five-story mixed-use townhouse was built in 1920 and renovated. The masonry building spans approximately 4,630 square feet above grade, plus a 1,016 square foot full-height cellar for retail accessory use. The property is configured as four full-floor residential units above a ground-floor retail space with storage. Each residential unit features an open loft layout of approximately 800 net square feet, configured as one to two bedrooms with one bath, with the potential to be converted into two-bedroom, two-bath units. The ground-floor commercial unit, including basement space, is leased to a luxury women's ready-to-wear brand. The building benefits from a Certificate of Occupancy and Tax Class 2B designation. Zoned C6-2A within the Tribeca Mixed-Use district, the building permits both residential and commercial uses and retains approximately 451.6 square feet of available development rights. The current Net Operating Income is approximately $299,000, with a projected proforma NOI of $395,000. The property is situated in Tribeca, surrounded by dining, retail, cultural institutions, and transit access.
Location Intelligence
Current Use by Public Records
Foo Yuan Food ...
Big Box & Wholesale Store
Location Insight
- Map
- Local Demand
- City
- Manhattan
- County
- New York
- State
- New York
- Longitude
- -74.0102108
- Latitude
- 40.7175075
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FAQs
What type of property is this?
Mixed-use property - Five-unit mixed-use townhouse in prime Tribeca location.
Where is this mixed-use property located?
The property is located at 183 Duane Street Manhattan, NY.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Prime Tribeca location on Duane Street, offering access to world‑class dining, retail, culture, and transit.; Mixed‑use building with stable income from a long‑term commercial tenant (Nili Lotan) and four residential units.; Significant upside potential through renovation, repositioning of units, or conversion to a single‑family residence.
