$7,350,000
↓ $650K (8.1%)
●
Multifamily -
For Sale
135 READE Street #BUILDING
Manhattan, NY 10013
8 Beds
6 Baths
8600 Sqft
$36,090
Estimated Monthly
$0
HOA / Fees
0.64%
Cap Rate
About This Property
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.
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.
Unit Size
8,600Ft²
Days on Market
216 days
Land Size
-
Price per sqft
$855
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920
Listed By
Last updated: 6 days ago (RLS #RPLU-5122695767)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 1, 2024 | Price Decreased |
$7,350,000
↓ $650K
(8.1%)
|
|
Price Decreased | |||
Nov 14, 2023 | Price Increased |
$8,000,000
↑ $500K
(6.7%)
|
|
Price Increased | |||
Sep 26, 2023 | Listed by Douglas Elliman Real Estate | $7,500,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
With View
Interior Details
Bedroom Information
Bedrooms: 8
Bathroom Information
Full Bathrooms: 6
Interior Information
Appliances: Washer Dryer Allowed
Living Area: 8600
Room Information
Laundry Features: Building Other, In Unit
Rooms: 10
Basement Information
Exterior Details
Property Information
Year Built: 1920
Building Information
Outdoor Living Structures: None
Pets Allowed: Building Yes, Yes
Land Information
Tax Lot: 0029
Tax Block: 00140
Location Details
Subdivision Name: Tribeca
Stories Total: 3
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
7
Beds
7
Baths
6,300 ft²
$1,194/ft²
$7,520,000
May 26, 2006
$7,520,000
Apr 1, 2010
$4,260/mo
Co-op
4
Beds
-
4,948 ft²
$1,561/ft²
$7,725,000
Apr 1, 2015
$7,725,000
Aug 23, 2016
$5,100/mo
Sold
Condo
4
Beds
4
Baths
4,002 ft²
$1,868/ft²
$7,475,000
Sep 4, 2019
$7,475,000
Mar 19, 2021
$9,598/mo
Sold
Condo
4
Beds
3
Baths
4,108 ft²
$1,728/ft²
$7,100,000
Mar 31, 2017
$7,100,000
Jul 13, 2017
$6,787/mo
Sold
Condo
5
Beds
5
Baths
4,002 ft²
$1,749/ft²
$7,000,000
Mar 6, 2018
$7,000,000
Jul 18, 2018
$8,360/mo
Sold
Condo
3
Beds
3.5
Baths
4,110 ft²
$1,618/ft²
$6,650,000
May 25, 2010
$6,650,000
May 25, 2011
$4,793/mo
Active
Condo
5
Beds
5
Baths
4,380 ft²
$1,826/ft²
$8,000,000
Mar 1, 2024
-
$3,367/mo
Active
Townhouse
1
Bed
3
Baths
4,930 ft²
$1,471/ft²
$7,250,000
Aug 8, 2023
-
$3,174/mo
Active
Condo
3
Beds
3
Baths
4,108 ft²
$1,750/ft²
$7,188,000
May 18, 2023
-
$6,890/mo
Active
Condo
4
Beds
6
Baths
3,795 ft²
$2,200/ft²
$8,350,000
Jan 4, 2024
-
$11,585/mo
Active
Condo
5
Beds
3
Baths
4,000 ft²
$1,625/ft²
$6,500,000
May 23, 2023
-
$5,403/mo
Active
Condo
4
Beds
5
Baths
3,298 ft²
$2,424/ft²
$7,995,000
Jun 3, 2022
-
$7,327/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|
Building Info
135 Reade Street
135 Reade Street, New York, NY 10013
- 5 Units
- 1 Unit for Sale
About Downtown Manhattan
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