David Shorenstein And Jason Breitstone Of Hildreth Sell Mixed-Use Property In Tribeca For $6.6M
135 Reade Street
$6,600,000
$1,257/SF
Building Size
5,250 SF
Asset Type
Mixed-use
Closing
Mar 16, 2026
AI
This mixed-use property, located at 135 Reade Street in the Tribeca market, features one commercial unit and three residential units. The transaction was completed at a sale price of $6,600,000, encompassing a total square footage of 5,250, which results in a price per square foot of $1,257.
Summary of transaction details:
- Property Type: Mixed-use (1 Commercial & 3 Residential)
- Transaction Amount: $6,600,000
- Square Footage: 5,250
- Price per Square Foot: $1,257
- Units: 4
- Seller: David Shorenstein & Jason Breitstone - Hildreth
- Brokers: Brandon Polakoff, Noah Kossoff & Ryan McGuirl - Avison Young
The transaction involved key representatives including Brandon Polakoff, Noah Kossoff, and Ryan McGuirl from Avison Young, who facilitated the sale for the sellers, David Shorenstein and Jason Breitstone of Hildreth.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93