Listing Courtesy of Brown Harris Stevens Residential Sales LLC
$24,950,000
Potential Rebate: $374,250
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.<br> Juxtaposed by its impressive cast iron facade 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.<br> 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.<br> 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.<br>
$136,414 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$374,250
Monthly savings impact
$1,040/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
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RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Data Source: TRESTLE #RLS10998417

Compare average listing prices and value metrics for 105 READE Street against the surrounding Tribeca market.
than the Tribeca price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Tribeca (Triangle Below Canal) is widely considered the wealthiest and most desirable neighborhood in New York City. Known for its massive industrial lofts, cobblestone streets, and celebrity residents, it is the epitome of downtown luxury. For buyers seeking Tribeca Manhattan real estate, it offers an unmatched combination of space, privacy, and cool.
Living in Tribeca, Manhattan is chic and comfortable. The streets are wide and surprisingly quiet. As a premier Manhattan NYC neighborhood, it has transformed from an industrial wasteland into a family-friendly enclave of multimillion-dollar homes.
The market for homes for sale in Tribeca is top-tier. The signature property is the loft: thousands of square feet, cast-iron columns, and high ceilings. New developments like towering glass condos (e.g., 56 Leonard) have added ultra-modern options to the mix.
Unless you have a significant budget, entry is difficult. It is a market driven by privacy, with many buildings offering private garages and paparazzi-proof entrances.
The lifestyle in Tribeca is family-centric luxury. You will see more strollers than nightlife. The restaurants are world-class (Locanda Verde, The Odeon) but the vibe is relaxed and neighborhoody.
The community is affluent and creative. It hosts the Tribeca Film Festival, adding a layer of cultural glamour. Residents value the low-density feel; the buildings aren't as tall as FiDi, so there is more sky.
Tribeca is incredibly connected. The 1/2/3, A/C/E, and R/W trains all service the area. It is easy to get uptown or to Brooklyn.
Connectivity to the West Side Highway makes it a favorite for those who drive to weekend homes in the Hamptons or upstate.
Hudson River Park is the neighborhood's playground, offering mini-golf, volleyball, and running paths. Washington Market Park is a beloved local green space.
Amenities are unmatched: Whole Foods, Target, and boutique fitness studios abound. The schools, particularly PS 234, are among the most coveted public schools in the city.
Tribeca is best for high-net-worth families, celebrities, and buyers who want the maximum amount of space and privacy available in Manhattan.

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