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.
所有信息均來自被認為可靠的來源，但可能會出現錯誤、遺漏、價格變化、事先銷售或撤回，恕不另行通知。 對於任何描述、測量、平方英尺或面積的準確性，我們不做任何陳述，因此不應被依賴。 此處的所有信息均應由客戶確認。 所有內容的所有權利，包括但不限於照片、視頻和其他圖形，僅保留給提供此類列表內容的經紀人。 本網站上的所有廣告均受《聯邦公平住房法》的約束。
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| date | 呎價 | variance | type |
|---|---|---|---|
| 9/26/2023 | $7,350,000 | - | 已上市 |
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