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105 Reade Street 105 Reade St

6 Unit Apartment Building $24,950,000 ($4,158,333/Unit) New York, NY 10013

Investment Highlights

  • Features panoramic 360-degree views of the city and was designed by James T. Gilbert in 1860.
  • Air rights have been secured for potential upward expansion.
  • Located in a prime area, the property is surrounded by shopping, the Tribeca Art District, riverfront amenities, and convenient transportation options
  • Architectural plans and engineering reports for future development are available.

Executive Summary

Rarely does a building of this exceptional provenance come to market in New York City. Built in 1860 and designed by James T. Gilbert, this beautiful Italianate cast iron measuring over 50 feet wide is ready to be restored to its former magnificence and beyond. Originally used as a warehouse for Tribeca's chocolatiers, the site itself has an interesting history as the site of a charitable house for women and children built by New York's first freed slave, Pierre Toussaint.
Juxtaposed by its impressive cast iron fa ade with historic character intact, 105-107 Reade streets interior is just as impressive. With 18,740 sqft above grade, 9,040 sqft below and over 3000 sqft in air rights the building has the ability to be converted to the most spectacular downtown condos, private residence, social club or gallery house. With a C6-3A zoning, Mixed Use and L8 Loft designation the opportunities are boundless. The roof has open sky views of downtown with Woolworth and World trade center to the south, Hudson River to the west and northern city skyline. The retail floor is a dramatic 18 feet in ceiling height with the floors above ranging from 12 to almost 16 feet. Cast iron columns line the center of all the floors with intact old world wood joists, rafters and beams. Large arched windows let in an abundance of light where dramatic open interior spaces can be created. With the ability to add to the roof, pending landmarks approval, even more height could be added to what could be an unparalleled downtown Penthouse. The basement with 10 foot ceilings and sub-basement with 8 foot ceilings, both with two light and air shafts provide additional design and mechanical placement freedoms not seen in many other buildings. Various architectural plans for the building from renowned Architects like Carlos Zapata, Fogarty & Finger and Valerie Pasqiou are ready for your perusal. The building has in the past received Landmarks approval (now expired) for a modern two story addition. This gem allows you to create what will undoubtedly be a building of significance and beauty.
The building is situated in the middle of the block on a stretch of Reade Street with similar historic Loft and Cast Iron buildings next to Bogardus Plaza and a block from Washington Square Park. The block has recently undergone several residential conversions and is surrounded by stalwart Tribeca restaurants such as The Odeon, Marc Forgione, Serafina , Fonda, Sushi of Gari, Buddha-Bar and many more. Phenomenal shopping, the quickly expanding Tribeca Art district, riverfront amenities and proximity to transportation make this an ideal location for any use you choose.
Please note that all pictures and floorplans are virtual/suggested. This building is subject to Landmarks approval and no warranties are made by owner or Brown Harris Stevens as to approval and buildout. Consult with your expeditor and architect as to viability.

Property Facts

Price $24,950,000
Price Per Unit $4,158,333
Sale Type Investment or Owner User
Sale Conditions Building in Shell Condition
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • OfficeLoft Creative Space
  • Office Office Residential
Apartment Style Mid Rise
Building Class B
Lot Size 0.09 AC
Building Size 18,740 SF
No. Stories 5
Year Built 1860

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
Walk Score ®
Walker's Paradise (100)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0145-0018
Land Assessment
$237,600
Improvements Assessment
$1,249,650
Total Assessment
$1,487,250

zoning

Zoning Code C6-3A TMU (Mixed Use)
C6-3A TMU (Mixed Use)
  • Listing ID: 32672626

  • Date on Market: 8/2/2024

  • Last Updated:

  • Address: 105 Reade St, New York, NY 10013

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