Follett Time Devices Inc. Sells Mixed-Use Property In TriBeCa For $11.55M

Located in the TriBeCa neighborhood, the mixed-use property at 62-64 Reade St. has been sold for a total price of $11,550,000. This transaction took place on August 31, 2021. The property spans 15,876 square feet, resulting in a price per square foot of $727. The seller in this deal was Follett Time Devices Inc., represented by Richard Akivis. The buyer's representatives were Andrew Sasson, Chad Sinsheimer, and Michael Kopy from Ackman-Ziff.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $11,550,000
• Address: 62-64 Reade St.
• Market: TriBeCa
• Square Footage: 15,876
• Price per Square Foot: $727

The seller's representative, Richard Akivis, facilitated the sale of the property on behalf of Follett Time Devices Inc. On the buyer's side, Andrew Sasson, Chad Sinsheimer, and Michael Kopy from Ackman-Ziff served as brokers. This transaction marks an important deal within the TriBeCa market.