111 Reade St, New York, NY 10013

111 Reade Street offers the opportunity to acquire a spectacular five story 25 foot wide property right off of West Broadway in TriBeCa. The property has been recently renovated and benefits from 12+ foot ceilings, great light, an elevator and large windows looking north and south. It has amazing roof views to the WTC and also to North TriBeCa. Steps away from the most traveled retail corridor (West Broadway and Chambers Street). Famous restaurants and retailers in the immediate area abound. Currently set up as four two bedroom units. Can make a spectacular single residence of over 6,600 SF by combining these with interior staircases. An excellent project for a family who would enjoy this amazing building. There is already a roof deck with great views to the south, east and north. The Certificate of Occupancy for the building is already Residential, except for the ground floor. The ground Floor, which measures over 2,000SF and has an additional 1,000SF usable basement space also has residential zoning, so it can be converted to residential use down the road. The residence is a short distance from the great schools TriBeCa offers, like Stuyvesant High School and PS 234 and PS 150. The building can be delivered vacant at closing except for the ground retail floor, which pays $13,538 a month ($162,450 annually) and has a lease until April, 2020. Great upside after 2020! Excellent residential user property.