142 Duane Street

Overview of 142 Duane Street

142 Duane Street stands as one of three historically significant buildings erected in 1859 for dry goods merchants James Bankard and Benjamin Hutton. Originally constructed as a warehouse, this 41 foot wide, 7 story building was converted into an exclusive 8 unit co-op in 1999 by owner Stephen E. Corelli, who added a rooftop addition during the conversion. The building's cast iron and marble façade features Corinthian columns, bracketed triangular pediments, and molded lintels, earning recognition from the Landmarks Preservation Commission as being "among the most impressive" structures in the TriBeCa South Historic District.

The building's most remarkable residences are its penthouses, particularly Penthouse 1, which spans over 7,200 square feet across three bedrooms and features extraordinary amenities. This unit boasts a 38 foot long, skylit, double-height living and dining room, a 26 foot long library with wet bar, and four wood burning fireplaces. The penthouse includes two expansive outdoor terraces, including a 41 foot wide terrace with a full outdoor kitchen, and was listed for $14,950,000 in 2018. Another penthouse features a 1,050 square foot roof terrace with pool, custom landscaping, and unobstructed downtown skyline views.

Throughout the building, apartments commonly feature wood burning fireplaces, open kitchens with islands, and generous ceiling heights of up to 13 feet with exposed beams. Many units offer convertible layouts, with one bedroom apartments that can be converted to two bedrooms using floor-to-ceiling glass panels. The building's loft style apartments typically include spacious great rooms, chef's kitchens with high end appliances including Sub-Zero refrigerators, and in-unit washers and dryers.

142 Duane Street operates under condo rules rather than traditional co-op restrictions, meaning there is no board approval required for purchases, unlimited subleasing is allowed from day one, and pied-à-terre ownership is permitted. The building sits on a land lease with no scheduled increases through 2092, helping to keep monthly carrying costs relatively low. Additional building amenities include a key locked elevator, video intercom system, basement storage, and a pet friendly policy allowing both cats and dogs.

The building enjoys a prime location in the heart of Tribeca, positioned between Church Street and West Broadway, just two blocks east of the charming triangular Duane Park. Residents have easy access to neighborhood staples including The Odeon, Locanda Verde, Bubby's, and Laughing Man Espresso, along with convenient shopping at Whole Foods. The location provides excellent public transportation access to the 1, 2, 3, A, C, and E subway lines, making it an ideal base for exploring Manhattan while enjoying the quiet, residential character of this historic Tribeca block.