Avison Young has been engaged by ownership as exclusive agent to sell 135 Reade Street 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) reside...
Avison Young has been engaged by ownership as exclusive agent to sell 135 Reade Street 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. Conveniently located in Tribeca, the Property is surrounded by New York City’s finest shopping, dining, entertainment, and transportation options. 135 Reade Street is located just one block from two different Chambers Street Subways (servicing the 1, 2, 3, A, and C). The property is near the Hudson River Greenway and buzzy culinary spots such as Au Cheval, Marc Forgione, The Odeon, Tamarind, and Bâtard. Due to the proximity to all the above, these units command a premium above much of the Manhattan market.