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 / 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
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Amenities
- None; None; View: City; None; WasherDryerAllowed; Pets: UnitYes
The Neighborhood
Originally known as the “Triangle Below Canal,” Tribeca is the chicest and most affluent neighborhood in Manhattan.
While the area is neither flashy nor quaint, it has all the amenities that make life comfortable: well-maintained parks, notable restaurants, family friendly venues, quiet streets, luxurious spas and more. The 19th century mercantile architecture that dominates the neighborhood is both austerely beautiful and uniquely well suited to the luxurious, massive lofts favored by its inhabitants. The cobblestone streets are wide, ... read more
For information on 135 Reade Street , #BUILDING contact:
Founder, Principal Broker
(212) 388-1115
Founder, Principal Broker
listings@lohorealty.com
(212) 388-1115
