135 Reade Street

$7,350,000
Price
8
Beds
6
Baths
8,600 Sq. Ft.
$855 / Sq. Ft.
8,600
Sq. Ft.
$855
per Sq. Ft.

Description

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...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.

Property Details for 135 Reade Street

View
City

Location

Listing Courtesy of Douglas Elliman Real Estate
Add your commute
LISTING UPDATED: 04/23/2024 08:03 PM

Property Details for 135 Reade Street

StatusActive
MLS IDRPLU-5122695767
Days on Market213
Taxes$6,000 / month
Common Charges-
Min. Down Pymt-
Total Rooms10.0
Compass TypeMixed Use
MLS TypeUnitTriplex
Year Built1920
CountyNew York County

Building

135 Reade St

4 Units3 StoriesBuilt in 1920

Location

Listing Courtesy of Douglas Elliman Real Estate
Add your commute

Building Information for 135 Reade Street

Building/Complex135 Reade StFloor-Stories3Residences4Pet Policy-Year Built1920Building AgePre-warBuilding Type-

Payment Calculator

$46,112 per month

30 year fixed, 7.25% Interest

Principal and Interest

$40,112

Property Taxes

$6,000

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 135 Reade Street

Summary
Location and General Information
  • Subdivision Name: Tribeca
  • Stories Total: 3
  • Exposures: North, South
  • Garage Spaces: 0.0
  • View: Yes
Taxes and HOA
  • Tax Lot: 0029
  • Tax Deduction Percent: .00%
  • Tax Block: 00140
  • Association Fee Frequency: Monthly
  • Flip Tax: $0
  • Building Tax Lot: 0029
  • Tax Monthly Amount: 6000.0
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 8600.0
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Building Rules: BuildingWasherDryerAllowed
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • Common Interest: None
  • Number Of Shares: 0
  • New Construction: No
  • Structure Type: WalkUp
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Exterior Features: None
  • Patio And Porch Features: None
Interior Features
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Kitchen Condition: Good
  • Floor Number: 1
  • Basement: No
  • Cooling: No
  • Laundry Features: InUnit
  • Bathroom Condition: Good
  • ElevatorsTotal: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: Yes
  • Attendance Type: None
  • Land Lease: No

Property History for 135 Reade Street

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 135 Reade Street

Taxable ValueLand$695,700Additions$1,073,700Total$1,769,400
Home Facts
Total Finished SqFt4,761 SqFtLot Size1,874 SqFtYear Built1920ZoningC63AAPN1001400029

Schools near 135 Reade Street

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 234 Independence School
PublicK to 5

Middle 297
Public6 to 8

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

135 Reade Street is a mixed use property for sale in TriBeCa. This property was listed for sale on September 26, 2023 by Douglas Elliman Real Estate, it's currently listed at $7,350,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 234 Independence School, Middle 297 and Nyc Lab Ms For Collaborative Studies. 135 Reade Street is a 8-bed, 6-bath, 8,600 sqft mixed use property built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman Real Estate

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. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.