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Mixed Use

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135 Reade Street, New York,...

Hildreth Real Estate Advisors Acquires Mixed-use Property In TriBeCa For $4.65M
SOLDMixed-use

Hildreth Real Estate Advisors Acquires Mixed-use Property In TriBeCa For $4.65M

135 Reade Street, New York, NY 10013

$6,750,000

$1,285/SF

Building Size

5,250 SF

Asset Type

Mixed-use

Closing

May 13, 2021

AI

Located in TriBeCa, the mixed-use property at 135 Reade St. has recently been sold in a closed transaction. The property consists of 4 units and spans a total of 5,250 square feet. The sale took place on May 14, 2021.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,650,000
  • Address: 135 Reade St.
  • Market: TriBeCa
  • Number of Units: 4

The buyer of the property is Hildreth Real Estate Advisors represented by David Shorenstein, Jason Breitstone, and Max Padway. On the other hand, the seller is Bruce Baraskay. The transaction was facilitated by brokers Joe Koicim, Peter Von Der Ahe, and Peter Dodge from arcusMillichap_NY. It's worth noting that this sale marks the first transaction involving the property in over 20 years.

Hildreth Real Estate Advisors, actively seeking commercial real estate deals, can be contacted at [email protected] for potential opportunities.

Players

Peter Von Der Ahe

Marcus & Millichap

Broker

$1.4B

vol

110 deals

Broker
Joseph (Joe) Koicim
Verified Badge

Joseph Koicim

Marcus & Millichap

Broker

$2.7B

vol

174 deals

Broker
David Shorenstein

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93