135 Reade St - Apartments FOR SALE


New York, NY 10013- Tribeca
$6,995,000 USD
917-880-1475
135 Reade St, New York, NY for Sale
$6,995,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

135 Reade St
New York, NY 10013
Tribeca


HIGHLIGHTS

  • Prime TriBeCa Location & 100% FM
  • Mixed Use
  • Tax Class Protected
  • Strong In-Place Cash Flow with Immediate Upside
  • Long-Term Retail Lease with Stable yet increasing Cash-Flow
  • Transportation Hub

OVERVIEW

Avison Young has been engaged by ownership as exclusive agent to sell 135 Reade Street, New York, NY (“The Property”), is a mixed-use property in the heart of TriBeCa. 135 Reade Street spans approximately 5,400 gross square feet and consists of four (4) total units, including three (3) residential apartments and one (1) ground floor retail space. The residential portion of the building includes an expansive, newly renovated 5BR/4BA duplex apartment with a large private roof deck, a 2BR/1BA (flex 3BR) unit, and a one-bedroom apartment. The retail portion of the property is occupied by the new-and-improved Reade Street Pub, taking its name from the prominent prior tenant that was in-place for 26 years. Reade Street Pub just signed a 10-year lease and is completing a substantial build out, allowing an investor stable yet increasing cash-flow. 135 Reade Street is a rare opportunity for an investor to acquire a 100% free-market, tax class protected property in the most desirable residential neighborhood in NYC.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$1,283 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,748,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C6-3A

APN/PARCEL ID

0140-0029

ASK ABOUT THIS PROPERTY

Noah KossoffAvison YoungMore Info
917-880-1475

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Noah KossoffAvison YoungMore Info
917-880-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.