135 Reade Street
135 Reade Street
$7,350,000
8
6
8,600
8,600
$855
Description
135 Reade Street is a 3-story, mixed-use building with preserved air rights, featuring three free-market residential units above a retail space leased to a restaurant until 2031. With a net income yielding around 5% annually and substantial rent increases for the retail store, this property offers strong returns without additional work. The building falls under the 2A tax class, ensuring capped expenses while income continues to grow. It is projected to generate nearly $3.5 million in net rental...135 Reade Street is a 3-story, mixed-use building with preserved air rights, featuring three free-market residential units above a retail space leased to a restaurant until 2031. With a net income yielding around 5% annually and substantial rent increases for the retail store, this property offers strong returns without additional work. The building falls under the 2A tax class, ensuring capped expenses while income continues to grow. It is projected to generate nearly $3.5 million in net rental income over the next seven years. Ideal for investors or end users, the property can be converted into a spacious, approximately 9,000-square-foot single-family home, significantly increasing its value. Turnkey townhouses in Tribeca currently sell between $2,500 and $3,000 per square foot, presenting immense redevelopment potential. For detailed income and expense data, as well as comparable sales information, contact the listing agent at Douglas Elliman. Tours are by appointment only.
Property Details for 135 Reade Street
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City
Location
LISTING UPDATED: 05/17/2024 05:14 PM
Property Details for 135 Reade Street
Status | Active |
---|---|
MLS ID | RPLU-5122695767 |
Days on Market | 239 |
Taxes | $6,000 / month |
Common Charges | - |
Min. Down Pymt | - |
Total Rooms | 10.0 |
Compass Type | Mixed Use |
MLS Type | UnitTriplex |
Year Built | 1920 |
County | New York County |
Building
Location
Building Information for 135 Reade Street
Building/Complex135 Reade StFloor-Stories3Residences4Pet Policy-Year Built1920Building AgePre-warBuilding Type-
Payment Calculator
$46,112 per month
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Property Information for 135 Reade Street
Property History for 135 Reade Street
Date | Event & Source | Price | Appreciation | Link |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 135 Reade Street
Taxable ValueLand$695,700Additions$1,209,150Total$1,904,850
Home Facts
Total Finished SqFt4,761 SqFtLot Size1,875 SqFtYear Built1920ZoningC63AAPN1001400029
Schools near 135 Reade Street
This home is within New York City Geographic District # 2.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 234 Independence School PublicK to 5 | ||
Middle 297 Public6 to 8 | ||
Nyc Lab Ms For Collaborative Studies Public6 to 8 | ||
Lower Manhattan Community Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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