Sub panel that will replace main panel

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Hermantobar

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I have a 1932 Tudor (I live in NYC) wired with 14/2 BX (cloths wrapped wires 100 Amp Service). The feed comes in from underground into a splice box where it is spliced to wires that go into the meter. From the meter they enter the main service panel which has a 100 Amp Breaker. The Meter and Main Panel are right next to each other as well as where the power comes in. I'm having problems in that location with water leaking and rusting all the BX. I want to move all the circuits to a new panel 10-15 feet away. I plan on treating the new panel as a subpanel. Then move the circuits into the new subpanel 1 at a time whenever I have spare time (16 total). The new subpanel will really end up being the main panel with all the house circuits. The subpanel will have a 100 Amp breaker to shut it off. When alls done the main panels will only have 2 double breakers, one for the main power, the other for the new sub-panel. Is it ok to have the double breaker in the subpanel as well as the main panel feeding it? That means I get shut down the house power from 3 breakers the main in the main panel the breaker feeding the sub-panel and the main breaker in the sub-panel. My other question is, is it OK to eventually replace the main panel and splice the wires right through to the sub-panel, there by making the sub-panel the main panel. Sorry if this is confusing. Is the 15 foot distance from the meter a problem?
 
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