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165-167 William Street the Reed Building for Sale

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165-167 William Street the Reed Building for Sale 165-167 William Street The Reed Building 10-Story Elevatored Mixed-Use Building With Significant Expansion Potential For Sale Thomas Guss Saul Lalic President Associate Broker (212) 360-7000 (212) 300-3355) [email protected] [email protected] Property Description Address 165-167 William Street New York, NY 10038 West Side of William Street between Location Beekman Street and Ann Street Block / Lot 92 / 3 Lot Size 52.75’ x 86.25’ (approx.) Lot Area 3,480 (approx.) Building Size 51’ x 78’ (Ground Floor) (approx.) Stories 10 Gross SF 31,120 (approx.) Units 12 (11 Residential + 1 Retail) Zoning C6-4 / R10 FAR 10.0 as-of-right / 12 w/IH Total Buildable SF 36,710 w/ proposed addition (approx.) Existing SF 31,120 (approx.) Proposed addition 5,590 (approx.) Neighborhood Financial District / Wall Street Assessment (17/18) $1,849,230 Taxes (17/18) $235,203 (Tax Class 2) Asking Price: $29,880,000 ($814/bsf) New York Residence has been retained on an exclusive basis to arrange for the sale of 165-167 William Street, a 10-story mixed-use elevatored building located in the Typical Floor Plan Financial District of Manhattan. The property features approximately 31,120 square feet with 53 feet of frontage 165 William Street presents investors with wide array of along the west side of William Street between Beekman opportunities, offering in-place retail rental income, ability and Ann Street. This ideal location is not only steps away to immediately add value through leasing vacant from the Fulton Center transit hub providing Tenants with market-rent units, reposition the asset due to large open direct access to 8 train lines (2,3,4,5,A,C,J and Z), it also floorplates, tall ceiling heights and subdivided electric meters ofers close proximity to many of New York City’s premier as well as future redevelopment or residential condominium attractions including Wall Street, One World Trade Center, conversion potential. Additionaly, the C6-4 zoning offers the New York Stock Exchange, City Hall Park, Brooklyn Bridge, flexibility to convert the property to a wide range of and South Street Seaport. commercial uses, including office, hotel, department store and entertainment. The building contains 12 units, comprising of 2,700sf retail unit, 8 floor-through residential units with direct elevator With expansive units and a prime location at the center of access and one floor divided into 3 class-A units. Ground rapidly transforming Financial District, 165-167 William Street floor retail is leased to Downtown Pharmacy, four of the presents investors and developers with a significant floor-through units are occupied by rent-stabilized tenants value-add opportunity to create strong residential or and the remaining residential units will be delivered vacant. commercial rental income. 165- 167 William Street The Reed Building FOR ADDITIONAL INFORM ATION PLEASE CONTACT: Thomas Guss Pr esident (212) 360 7000 x 103 [email protected] Saul Lalic ess or implied, is made to the accuracy or completeness of the information contained Associate Broker rental or other conditions, withdrawal without notice, and to any special listing presentation as to the condition of the property (or properties) in question. (212) 300 3355 sl @n y r .com No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. New York Residence © 2018..
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