ID #‎	22695767
房資料 Details	3家庭, 8房, 6浴, 洗衣機, 烘乾機, 8600 ft2 室內尺, 室內799m2平方米, 建築有4公寓, 建築有3層樓 上市時間: 6天
建造年份 Construction Year	1920年
地鐵站 Subway	1 分鐘到 1, 2, 3
	3 分鐘到 A, C
	5 分鐘到 R, W, E
	7 分鐘到 4, 5, 6
	8 分鐘到 J, Z
	10 分鐘到 N, Q

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房屋英文概況 English Description

BID DEADLINE - May 15th, 2024135 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.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 The Real Estate Board of New York, Inc., All rights reserved.