Rendering via Douglas Elliman
Tribeca loft conversion 174 Duane Street, originally slated as condos, has gone on the market as a single 12,300-square-foot mansion asking $22.5 million.
The 25-foot-wide building between Hudson and Greenwich streets was converted by The Colonnade Group into three apartments — two 2,642-square-foot units and a 4,394-square-foot duplex penthouse. The ground floor has retail space, as well. In 2013, the developer obtained Landmarks Preservation Commission approvals to add a fifth-story penthouse set back from the street.
Interiors feature ceiling heights up to 13 feet and views of Duane Park. Plans for the penthouse include private outdoor spaces facing north and south.
The building will be sold as raw space “ready for renovations,” according to the Douglas Elliman listing. The buyer could keep the building as a mansion, or sell each unit as a separate condominium (the condo offering plan was approved in May 2014, and the teaser site released in December 2014 still promises “three distinctive homes on the park”).
Constructed in 1871, the Italianate/Neo-Grec loft structure was first designed by Schulze and Schoen. The Colonnade Group purchased the mixed-use property in 2013 for $11.5 million, according to Department of Finance records. At the time of sale, the four-story building measured approximately 9,000 gross square feet and had three apartments and one retail store. Permits were filed in May 2013 and issued in September 2014, with Andre Kikoski as the architect of record.
Floorplan for the revamped structure below: