135 Reade Street

New York, New York

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Building

Stats

  • Building size (SF) 5,250
  • Price $6,850,000

Overview

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.

Highlights

Prime TriBeCa Location

100% FM

Mixed-Use

Tax Class Protected
Strong In-Place Cash Flow with Immediate Upside

Long-Term Retail Lease with Stable Yet increasing Cash-Flow

Transportation Hub

Offering Memorandum

135 Reade Street OM

Location Map

Team

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109

Noah Kossoff

Associate Director
Avison Young - US - NY - New York
917 880 1475

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