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Mixed-Use Property in TriBeCa Listed at 135 Reade Street

Mixed-Use Property in TriBeCa Listed at 135 Reade Street
FOR SALE
View more

$7,500,000

135 Reade Street, New York, NY 10013

5,450 SF

Square Feet

$1,376

PPSF

Property Description

Avison Young has been engaged by ownership as exclusive agent to sell 135 Reade Street, New York, NY (“The Property”), is a mixed-use property in the heart of TriBeCa. 135 Reade Street spans approximately 5,400 gross square feet and consists of four (4) total units, including three (3) residential apartments and one (1) ground floor retail space. The residential portion of the building includes an expansive, newly renovated 5BR/4BA duplex apartment with a large private roof deck, a 2BR/1BA (flex 3BR) unit, and a one-bedroom apartment. The retail portion of the property is occupied by the new-and-improved Reade Street Pub, taking its name from the prominent prior tenant that was in-place for 26 years. Reade Street Pub just signed a 10-year lease and is completing a substantial build out, allowing an investor stable yet increasing cash-flow. 135 Reade Street is a rare opportunity for an investor to acquire a 100% free-market, tax class protected property in the most desirable residential neighborhood in NYC.


Property Details

Asset Type

Mixed-use

Neighborhood

TriBeCa

Submarket

New York

ZIP

10013

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$426,646

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$35,554

Annual Debt Service

$426,646

View on Map

Address

135 Reade Street

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New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale

No investors found in this market.

Contact the Listing Team

Noah Kossoff

Noah Kossoff

Associate Director

36 closed

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Brandon Polakoff

Brandon Polakoff

Principal

127 closed

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Ryan McGuirl

Ryan McGuirl

Director

60 closed

Call

Send a Message

Noah Kossoff

Noah Kossoff

Associate Director

36 closed

Call
Brandon Polakoff

Brandon Polakoff

Principal

127 closed

Call
Ryan McGuirl

Ryan McGuirl

Director

60 closed

Call