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REAL ESTATE • On the Market
They were, the NYT reported with uncharacteristic imprecision, “perhaps the first new single-family dwellings built in TriBeCa in more than a century.” The three townhouses — at 148, 150, and 152 Reade St., mid-block between Greenwich and Hudson — were the work of John Petarca, a noted Tribeca architect whose gift was to bring elements of old building design to new construction. As it happens, two of the three are currently for sale.
On the market since last July, 150 Reade is listed by Corcoran at $14.995 million. Next door, 152 Reade recently re-listed with Serhant after a long go of it with another broker. Asking price: $17.5 million. Both are massive, 25-foot-wide spaces. The disparity in listing price may stem from 152’s (very Tribeca) gut-renovation of a four-year-old building in 2005, which included the installation of a wine cellar in the basement (on a block famous for its catacombs), and a requisite hot tub on the roof. Or maybe it’s just Serhant going for it.
When properties sit on the market, the most common explanation is that they’re priced too high. But sister property 148 Reade last traded in this range — for $15.9 million in 2015. And, as the adage goes, you only need one buyer to make a deal. Game on.
→ 150 Reade St. (Tribeca) 6BR/6.5BA townhouse, 7500 SF. Asking price: $14.995M. Monthly taxes: $8555. Days on market: 347. Listing broker: Corcoran.