Mixed-Use Property in TriBeCa Listed at 135 Reade Street
FOR SALE
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$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
30 years
10 years
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.