Updated 2 years ago
Off Market
135 Reade Street
Tribeca, Manhattan | Hudson Street & Greenwich Street
10 Rooms8 Beds6 Baths8,600 Square FeetMixed Use
$7,350,000
floors / apts3 / 4
Lot Size25'x76'
Building TypeTownhouse
RE Taxes$72,000
Price Per SF
$855
Building Amenities
- Voice Intercom
Property Description for 135 Reade Street
We are delighted to present an exclusive offering for 135 Reade Street, an exceptional 3-story mixed-use building nestled between Greenwich Street and Hudson Street in the heart of Tribeca. Situated in one of New York City's most coveted neighborhoods, 135 Reade Street enjoys the prestige and allure of Tribeca's vibrant and historic surroundings. This property boasts a diverse income stream, featuring three (3) free-market apartments on the upper floors and a long-term leased retail store on the ground floor, with lease stability extending until 2031. With 35% of the property dedicated to a retail store, income diversification is a key feature of this investment, helping to mitigate risk. Currently, the property enjoys 100% occupancy, ensuring immediate and consistent income flow. The residential apartments offer an excellent opportunity for income growth with minimal renovations needed. The property is designated under Tax Class 2A, providing potential tax benefits and stability, and benefits from preserved air rights, offering future development potential or added value.
Listing History for 135 Reade Street
Now
06/06/2024
Expired by Viktar Kolatau
Douglas Elliman
04/02/2024
$7,350,000 [-$650,000] [8.1%]
Price Drop by Viktar Kolatau
Douglas Elliman
Building Details for 135 Reade Street
OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/4
Transit and Citi Bike
Subway
Chambers St
0.06 miles
Chambers St
0.16 miles
Park Place
0.23 miles
City Hall
0.25 miles
World Trade Center
0.26 miles
Citi Bike
Hudson St & Reade St
0.03 miles
Duane St & Hudson St
0.06 miles
Tribeca | Manhattan
Quick Profile
TriBeCa, named after the small geographic triangle below Canal Street. It’s not really a triangle, it's a quadrilateral and it's bounded by West Street, Broadway, and Chambers Street. It’s a little too late for a name change and besides, QuaBeCa doesn't sound half as cool as Tribeca.
One of New York City’s more notable acronymed neighborhoods, TriBeCa is known for its trendy boutiques, fabolous restaurants, historical landmarks, and resident celebrity lofts. It still holds the title of one of the coolest places to live in New York City.
TriBeCa is one of the first residential neighborhoods of New York City. Way back in 1700’s wealthy New Yorkers built homes and maintained gardens in what is now TriBeca.
Later in history it shifted from residential to warehouses, commerce and markets. After the Civil War, shipping hubs moved from the East River to the Hudson River and revitalized areas like the South Street Seaport and TriBeca. When shipping and commerce increased, the area soon became a favorite spot for wholesalers to store their goods in large industrial warehouses.
Just like its neighbor SoHo, TriBeCa boasts one of the world’s largest collections of wrought-iron facades and Neo-Grecian architecture.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 92683TH
Find home. Discover happiness.