85 Chambers Street is a five-story elevator loft building located in the heart of TriBeCa, featuring an additional entrance at 67 Reade Street. The property is configured for mixed-use, currently housing two ground floor retail units and eight residential apartments. Each residential unit is equipped with a washer and dryer, enhancing convenience for residents. The building is well-maintained and has been under long-term family ownership, presenting a unique investment opportunity in one of Manhattan's most desirable neighborhoods.
The residential offerings include spacious lofts, with layouts ranging from 2,000 to 2,200 square feet, often configured as four bedrooms. These units feature full kitchens with breakfast bars, dishwashers, and microwaves, along with two full bathrooms. High ceilings and roof access are common attributes, making these apartments suitable for both residential and live/work arrangements. The building's potential for development is significant, with opportunities to transition the units into a high-end boutique hotel, luxury rental, or condominium.
85 Chambers Street has the potential for tremendous upside, appealing to investors looking to capitalize on the vibrant TriBeCa market. The building's configuration and location make it a versatile asset, suitable for various uses, including retail and residential. With its proximity to major thoroughfares and cultural landmarks, this property stands out as a prime investment opportunity.