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135 Reade Street
Apartment #BUILDING
$7,350,000 Price
8 Bedrooms   6.0 Baths
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Photo 1 of 135 Reade Street Building, Tribeca, NYC, $7,350,000, Web #: 1045679643Previous PhotoNext Photo1 of 6

135 Reade Street, Tribeca, NYC

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...

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.

Courtesy of Douglas Elliman Real Estate

Floorplan for 135 Reade Street, BUILDING

Floorplan for 135 Reade Street, BUILDING

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Tribeca, NYC
Type:
Price: $7,350,000
Last Updated: 4/23/2024
Web ID: 1045679643

Info & Amenities

Rooms: 10.0
Bedrooms: 8
Bathrooms: 6.0
Washer and dryer: Yes
Built: 1920
Pets allowed: Yes

Map of Area for 135 READE Street BUILDING

Get to Know Tribeca

Tribeca, short for 'Triangle Below Canal Street,' is a chic and artistic neighborhood nestled in Downtown Manhattan. Known for its historic industrial architecture, cobblestone streets, and artistic community, Tribeca offers a blend of trendy sophistication and artistic charm. The neighborhood exudes a relaxed yet vibrant atmosphere, drawing residents and visitors to its galleries, boutiques, and eateries.

More About Tribeca

Neighborhood Guide to Tribeca

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.

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