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145 Reade Street
New York, NY 10013
Vickey Barron with Compass, original listing -
$34,000,000
Conventional
Property
Bedroom
4
Bathroom
Full: 7
Property Type
Conventional
Square ft
10582 Square Feet
Property Description
145 Reade Street is a spectacular, 23.5 foot wide, limestone and brick townhouse, situated in the heart of TriBeCa. The home features four bedrooms, seven bathrooms (plus four half bathrooms) and nine fireplaces (three wood burning). The property was originally built in 1910 and was subsequently rebuilt in 2013 with the use of only the finest available finishes. No expense was spared in the ultra luxury renovation. In all, the home is 10,582 square feet with multiple outdoor areas (totaling 1,231 square feet) including an outdoor kitchen and patio, as well as a coveted pool with city views. Soaring ceilings (12 ft+ on most floors) and spacious room sizes can be noted throughout the home. The home also has a commercial grade elevator to access all six floors, radiant heated floor (even under the sidewalk outdoors), AV wiring throughout and extensive custom millwork. The exterior of the home, clad in limestone and brick, is framed by custom steel windows imported from England by Critall. Enter into a grand foyer with a sweeping staircase drawing the eye upwards to ceiling heights extending up to 24 feet. While not only providing a generous entry, the space can also be utilized as an extra area for entertaining beyond the separate formal living and dining rooms. The large eat-in chef s kitchen also situated on the ground floor features an oversized Lacanche stove as well as a fireplace, built-in banquet, and a patio. The second floor features the formal living room with a marble fireplace and french doors leading to a juliet balcony. Also featured on this floor is a grand circular dining room with custom lacquered walls and an adjacent custom stainless steel butlers pantry and powder room. The third floor is dedicated to the Primary Suite. The oversized bedroom has its own balcony and fireplace. The bathroom is truly exceptional with floor to ceiling custom marble mosaic tile, a soaking tub, a fireplace, and Lefroy Brooks and Waterworks fixtures. Additionally, the floor houses multiple custom walk-in closets. Two generous sized bedrooms with en suites bathrooms are located on the fourth floor. The fifth floor is made up of the grand, double height paneled Library, including a separate wet bar and powder room, as well as a bedroom with en suite. The top of the house is dedicated to entertainment with two exterior terraces; a front patio with a 17 foot pool that is both heated and salinated, and a back patio that features a full outdoor kitchen, dining and sitting area. Additionally, there is an indoor sitting area and bathroom including an outdoor shower situated just off the pool.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
--
MLS Number
--
Location
Address
145 Reade Street
City
New York
State
NY
Zip Code
10013
County
NEW YORK (LOWER MANHATTAN)
Listing
Provider
Name
Phone
(646) 960-6183
Office Name
Office Phone
Agent Name
Vickey Barron
Agency Phone
(646) 586-8268

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.