Active
135 Reade Street
New York City NY, 10013
$7,350,000
$854.65 per sqft
Active
8 Beds
6 Baths
8,600 sqft
Multi-family
Built in 1920
Introducing 135 Reade Street, an exceptional opportunity nestled in the dynamic enclave of TriBeCa, New York City. 5.00% in-place cap rate! This property presents a unique three-story structure spanning approx. 5,600 square feet, complemented by an additional approx. 3,000+ square feet of usable air rights. Currently, the building is fully occupied, hosting three market-rate residential units atop a sought-after retail space.
With no landmark restrictions and flexible zoning (residential / commercial / mixed-use), 135 Reade Street embodies the potential for transformative redevelopment. Its highest and best use is envisioned as a single-family residential conversion, where one can create an expansive 8,600 square foot luxury townhome. This reimagining would take full advantage of its prestigious location on one of TriBeCa's most pristine blocks, offering an unparalleled living experience.
This property not only invites a visionary development project but also serves as a strategic addition to any investment portfolio. Detailed income and expense reports are readily available upon request, highlighting the property's current financial performance. Discover the potential of 135 Reade Street, where the essence of upscale TriBeCa living and the allure of architectural creativity meet.
RPLU-5122695767
MLSⓇ ID
September 26, 2023
Listed
April 24, 2024
Updated
Map
135 Reade Street
New York City NY, 10013
Interior Features
Total Stories
3
Bedrooms
8
Total Bathrooms
6
Appliances
Washer Dryer Allowed
Laundry Description
Building Other, In Unit
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Exterior Features
None
Architectual Style
Walk-Up
Other Property Details
HOA Frequency
Monthly
Garage
No
View
Yes
View Description
City
County
NewYork
Pool
No
Buyer Agency Compensation
1.5%
Listing History
Date | Event | Price |
---|---|---|
4/1/2024 | Price Change | $7,350,000 -9% |
11/14/2023 | Price Change | $8,000,000 6% |
Courtesy of Douglas Elliman Real Estate with Viktar Kolatau,
Listing Contact: (718) 200-8471
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated 5:12 AM UTC, 4/24/2024