135 Reade Street
135 Reade Street
$7,350,000
8
6
8,600
8,600
$855
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
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City
Location
LISTING UPDATED: 04/23/2024 08:03 PM
Property Details for 135 Reade Street
Status | Active |
---|---|
MLS ID | RPLU-5122695767 |
Days on Market | 213 |
Taxes | $6,000 / month |
Common Charges | - |
Min. Down Pymt | - |
Total Rooms | 10.0 |
Compass Type | Mixed Use |
MLS Type | UnitTriplex |
Year Built | 1920 |
County | New York County |
Building
Location
Building Information for 135 Reade Street
Building/Complex135 Reade StFloor-Stories3Residences4Pet Policy-Year Built1920Building AgePre-warBuilding Type-
Payment Calculator
$46,112 per month
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Property Information for 135 Reade Street
Property History for 135 Reade Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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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.
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