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New York

Reade57 is half sold; closings to begin in July

The Tribeca condominium Reade57 is now 50 percent sold, the developer, the John Buck Company, said today in a statement.

Of the 21-story building’s 84 residences, 45 have been sold and more new deals are pending, the statement said. Closings are set to begin in July, and the New York state Attorney General’s office has declared the building’s offering plan effective.

Reade57, located at 57 Reade Street,Between Broadway And Church Street, offers one-, two- and three-bedroom homes ranging from 713 square feet to 1,863 square feet, with prices from $1.06 to $3 million. Brown Harris Stevens Select is the exclusive sales and marketing agent for the SLCE Architects-designed tower.

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Amenities at the building include a fitness center and a 24-hour doorman, and units boast teak floors, and floor-to-ceiling glass windows.

The John Buck Company, which also developed the Standard Hotel in the Meatpacking District, was sued in 2010 by his partner at Reade57 for gross negligence, breaches of fiduciary duty and violations of the partners’ operating agreement. That suit was later settled amicably, a spokesperson for the John Buck Company said. — Guelda Voien