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135 Reade Street

David Shorenstein And Jason Breitstone Of Hildreth Sell Mixed-Use Property In Tribeca For $6.6M
SOLDMixed-use

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:

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

Noah Kossoff

Avison Young

Broker

$385.1M

vol

35 deals

Broker
David Shorenstein

David Shorenstein

Hildreth Real Estate Advisors

Seller

$187.3M

vol

60 deals

Seller

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