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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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