74 Franklin St - Apartments FOR SALE


New York, NY 10013- Tribeca
$13,500,000 USD
212-589-5118
74 Franklin St, New York, NY for Sale
$13,500,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

74 Franklin St
New York, NY 10013
Tribeca


HIGHLIGHTS

  • Condo-Level Renovations
  • High End Amenities (Chef’s Kitchens, Miele & Wolf Appliances, Spa-Level Bathrooms, Roof Decks)
  • 17’ Ceiling Heights
  • 4 Residential Free Market Units (One 4-bedroom, Two 3-bedroom, One studio)
  • 1 Commercial Unit (LXD January 2029)
  • Prime TriBeCa Location (between Broadway & Church Street)

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of 74 Franklin Street, a mixed-use residential free market building located on the north side of Franklin Street between Broadway and Church Street in the TriBeCa neighborhood of Manhattan. The property spans approximately 9,796 gross square feet above-grade and features 4 residential free-market units above retail. In addition, 74 Franklin has ±5,958 square feet of unused air rights, permitting the opportunity for future development or a possible expansion of the building. Currently, the property is 100% occupied with buyers having access to both immediate cash flow and long-term upside with the ability to potentially add more units and square footage. Originally built in 1915, 74 Franklin Street reflects Tribeca’s iconic architectural character, featuring a cast-iron façade, exposed brick, and loft-style layouts containing 17-foot ceiling heights that define the neighborhood’s historic streetscape. Since then, the property has recently undergone significant renovations, which feature high-end residential finishes and luxury appliances, including chef-style kitchens, Wiele & Wolf appliances, central A/C, spa-style bathrooms, walk-in closets, oak flooring, and private roof decks. The retail space has been meticulously white-boxed and is currently occupied by the renowned art gallery, Chart, which holds a lease in place through January 2029. 74 Franklin Street is strategically located in TriBeCa, one of New York City’s most coveted neighborhoods, celebrated for its cobblestone streets, historic architecture, and upscale lifestyle. The area offers premier dining, boutique shopping, art galleries, and access to Hudson River Park, all within walking distance. With top-rated schools, convenient access to the 1, A/C/E, N/Q/R/W, and 6 subway lines, and a vibrant yet residential atmosphere, TriBeCa remains a highly desirable destination for residents and investors alike.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$1,378 USD /SF

# OF UNITS

5

PRICE/UNIT

$2,700,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C6-2A

APN/PARCEL ID

0175-0002

ASK ABOUT THIS PROPERTY

Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

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Bobby CarrozzoCushman & WakefieldMore Info
212-589-5118

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.