Introducing 135 Reade Street, an exceptional opportunity nestled in the dynamic enclave of TriBeCa, New York City. 5.00% in-place cap rate! This property presents a unique three-story structure spanning approx. 5,600 square feet, complemented by an additional approx. 3,000+ square feet of usable air rights. Currently, the building is fully occupied, hosting three market-rate residential units atop a sought-after retail space. With no landmark restrictions and flexible zoning (residential / commercial / mixed-use), 135 Reade Street embodies the potential for transformative redevelopment. Its highest and best use is envisioned as a single-family residential conversion, where one can create an expansive 8,600 square foot luxury townhome. This reimagining would take full advantage of its prestigious location on one of TriBeCa's most pristine blocks, offering an unparalleled living experience. This property not only invites a visionary development project but also serves as a strategic addition to any investment portfolio. Detailed income and expense reports are readily available upon request, highlighting the property's current financial performance. Discover the potential of 135 Reade Street, where the essence of upscale TriBeCa living and the allure of architectural creativity meet.