Overview

$3,350,000

10% Min Down

5 Franklin Pl #7B

5 Franklin Place, New York, NY 10013

Building: Franklin Place

Condo in Tribeca

3 Bed | 3 Bath | 1,829 ft² | $1,832/ft² | 1.13% Cap Rate

Listed May 18th, 2021 (125 days)
Welcome to residence 7B an exceptional and one of a kind 1,830 square feet duplex loft, located at 5 Franklin Place one of TriBeCas newest development. As you enter the living room you are immediately struck by the double height ceilings and its oversized windows. This stunning and unique duplex features 5 inch oak hardwood floors, ample closet space throughout, and oversized Whirlpool washer & dryer. You will have the favorite spot for any dinner party in this kitchen featuring 2 Bosch ovens, stove top and dishwasher, tons of Poggenpohl cabinetry and pantry, a Sub-zero refrigerator, Silhouette wine cooler, a garbage disposal, and finished with fabulous marble countertops and backsplash. Residence 7B features luxuriously finished & spacious bathrooms with hand-laid imported marble and Waterworks fixtures. On the upper level the Master Bedroom features a walk in closet, and the master bathroom features a double vanity with both Deep soaking tub & a separate shower. TriBeCas newest condominium, 5 Franklin Place is a unique private alley located on a quiet block north of Franklin Street in Tribeca and offers a full time concierge/doorman, parking, live-in super, landscaped roof deck with a swimming pool & cabanas and a grill, state-of-the-art fitness center and kids' playroom. The exterior of the building is designed by the world renowned architectural firm, ODA. The interiors are designed by Andres Escobar

Features & Amenities

Unit Amenities

  • Bike Storage
  • Fitness Center
  • Garage
  • Pool in Building
  • Roofdeck
  • Dogs Allowed
  • Cats Allowed
  • Elevator
  • Doorman
  • Laundry in Unit
  • Central Air Conditioning

Building Amenities

  • Fitness Center
  • Garage
  • Elevator
  • Doorman
  • Laundry in Unit
  • Central Air Conditioning
  • Bike Storage
  • Pool in Building
  • Roofdeck
  • Dogs Allowed
  • Cats Allowed
  • New Construction
  • Dryer
  • Laundry in Building
  • Number of Elevators: 2
  • Balcony
  • Deck
  • Pool

Building Policies

  • Cats Allowed
  • Dogs Allowed
Learn more about 5 Franklin Place, New York, NY 10013

Listed By

Avi Alkotzer

Compass

(646) 436-2242

History

Date Event Price
Aug 13, 2021 Contract Pending -
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Aug 10, 2021 Withdrawn -
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Jul 20, 2021 Off Market -
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Jul 7, 2021 Price Drop $3,350,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-07-07', 'event_type' => 'Price Drop', 'event_source' => 'Public Record', 'event_value' => '$3,350,000', 'orig_value' => '3500000', 'listing_id' => '14479755', 'unit' => '7B', 'building_id' => NULL, 'street_address' => '5 Franklin Pl', 'citystate' => NULL, 'bedrooms' => '3', 'bathrooms' => '3', 'square_feet' => '1829', 'pretty_url' => 'https://www.realtyhop.com/building/5-franklin-pl/7b/14479755', 'diff_amount' => '-$150,000', 'diff_pct' => -4.2857142857142811, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14479755', 'listing_id' => '14479755', 'created' => '2021-08-10 16:30:32', 'value_date' => '2021-07-07 17:22:00', 'key' => 'price', 'orig_value' => '3500000', 'new_value' => '3350000', 'unit' => '7B', 'street_address' => '5 Franklin Pl', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '3', 'bathrooms' => '3', 'square_feet' => '1829', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))
May 19, 2021 Listed $3,500,000
ListingHistoryRow::__set_state(array( 'event_date' => '2021-05-19', 'event_type' => 'Listed', 'event_source' => NULL, 'event_value' => '$3,500,000', 'orig_value' => NULL, 'listing_id' => '14479755', 'unit' => '7B', 'building_id' => NULL, 'street_address' => '5 Franklin Pl', 'citystate' => NULL, 'bedrooms' => '3', 'bathrooms' => '3', 'square_feet' => '1829', 'pretty_url' => 'https://www.realtyhop.com/building/5-franklin-pl/7b/14479755', 'diff_amount' => NULL, 'diff_pct' => NULL, 'orig_diff_rows' => array ( 0 => array ( 'id' => '14479755', 'listing_id' => '14479755', 'created' => '2021-08-10 16:30:32', 'value_date' => '2021-05-19 01:41:09', 'key' => 'listing_status', 'orig_value' => '-1', 'new_value' => '2', 'unit' => '7B', 'street_address' => '5 Franklin Pl', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '3', 'bathrooms' => '3', 'square_feet' => '1829', ), 1 => array ( 'id' => '14479755', 'listing_id' => '14479755', 'created' => '2021-08-10 16:30:32', 'value_date' => '2021-05-19 01:41:09', 'key' => 'price', 'orig_value' => '-1', 'new_value' => '3500000', 'unit' => '7B', 'street_address' => '5 Franklin Pl', 'contact_firm' => 'Compass', 'email' => '[email protected]', 'bedrooms' => '3', 'bathrooms' => '3', 'square_feet' => '1829', ), ), 'orig_type' => 'diff_row', 'alt_data' => 'Compass', ))

Property Analysis

Price Estimate

$3,383,500

HopScore Market Price

$3,350,000

Current Asking Price

+$33,500

Difference from Asking

Cap Rate Analysis

Operating Profit

$37,992
/

Purchase Price

$3,350,000
=

Cap Rate

1.13%
**

* Actual income may vary between $6,560 and $9,840 depending on unit-specific characteristics.

** 100% occupancy is assumed. Leverage (mortgage) is not considered.

Comparables

Units for sale near 5 Franklin Pl

Unit Br Ba ft² Closed Price
Common Charges

Units for rent near 5 Franklin Pl

Unit Br Ba ft² Closed Price
Common Charges

Building Info

Building at 5 Franklin Place, New York, NY 10013

5 Franklin Place

5 Franklin Place, New York, NY 10013

Built in 1920 | 52 Units | 19 Stories

Want to find out who owns 5 Franklin Place, New York, NY 10013? Get detailed property transactions here.

Neighborhood

Stats & Trends

$3,600,000

Median Asking

5.00%

Below Asking

$2,083

Sale Price/ft²

187

Days on Market

Transportation

6

N

Q

R

J

Z

at Canal St (UL) 800 ft | 3 min walk

1

at Franklin St 960 ft | 4 min walk

A

C

E

at Canal St 0.21 mi | 5 min walk

4

5

6

J

Z

at Chambers St 0.33 mi | 8 min walk

R

at City Hall 0.36 mi | 9 min walk

Schools

School Type Grades Distance
Spruce Street School Elementary PK to 8 0.49 mi
Jhs 104 Simon Baruch Middle School 6 to 8 1.74 mi
Clinton School (the) High School 6 to 12 1.4 mi
Murry Bergtraum High School for Business Careers High School 9 to 12 0.47 mi
Nyc Ischool High School 9 to 12 0.44 mi
New Explorations into Sciencetech and Math High School Other KG to 12 1.29 mi
Anderson School (the) Elementary KG to 8 4.57 mi
Brooklyn Brownstone School Elementary PK to 5 4.37 mi
Stuyvesant High School High School 9 to 12 0.52 mi
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.

Mortgage Payment Calculator

$20,938

Per Month
When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.

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Recent Transactions at 5 Franklin Pl

Transaction history for 5 Franklin Place

Unit Br Ba ft² Listed Listing Agent Asking
HOA + Tax
Closed Closing Buyer(s)
Unit 5B 1 2 1,780 Mar 29, 2021 Clayton Orrigo
Compass
$2,300,000
$4,971/mo
Jul 6, 2021
98 Days
$2,500,000
+8.70%
Chelsea Cutler
Unit 5C 1 2 1,275 Mar 29, 2021 Stephen Ferrara
Compass
$2,195,000
$3,663/mo
Jun 30, 2021
92 Days
$2,175,000
-0.91%
Foster Family Trust
Jonathan R Foster
Laurie F Foster
Unit 14D 2 3 - Aug 10, 2020 Danny Davis
The Corcoran Group
$3,795,000
$4,832/mo
Apr 22, 2021
254 Days
$3,300,000
-13.04%
Jared Effron
Margaret Painter
Unit PHA - - - - - - Jul 15, 2020 - Marv Albert
Unit 17B 4 3.5 2,557 Oct 5, 2018 Tali Geva
Avenue Real Estate
$5,950,000
$7,774/mo
Mar 22, 2019
167 Days
$5,250,000
-11.76%
Sonia Berlin
Victor Vu Danh
Unit 7A 3 3.5 1,967 Jun 6, 2017 Holly Parker
Elliman
$3,999,000
$5,349/mo
Jun 7, 2018
365 Days
$3,500,000
-12.48%
Kaushik Murali
Komal Murali
Unit 15D 2 3 1,702 May 10, 2017 Marcos G. Cohen
Elliman
$3,550,000
$4,344/mo
Nov 9, 2017
182 Days
$3,450,000
-2.82%
5 Franklin Place 15d Llc
Unit PHA - - - - - - Nov 6, 2017 - Heather Albert
Marv Albert
Unit 9A 3 3.5 1,724 Dec 2, 2016 Holly Parker
Elliman
$3,995,000
$4,484/mo
Oct 24, 2017
325 Days
$3,700,000
-7.38%
Nochi Blue Llc
Unit 17B 4 3.5 2,557 May 17, 2016 Franklin Place Sales Office
Cantor-Pecorella
$5,500,000
$7,081/mo
May 8, 2017
355 Days
$5,297,450
-3.68%
Franklin 5 Llc
Unit 8B - - - - - - Jan 27, 2017 - Isjr Realty Inc
Unit 12A 3 3.5 1,840 May 13, 2016 Holly Parker
Elliman
$4,650,000
$3,855/mo
Jan 23, 2017
254 Days
$4,500,000
-3.23%
Tribeca Property Investor Inc
Unit 14B 1 1 756 May 20, 2016 Laura Cao
Elliman
$1,575,000
$1,406/mo
Nov 2, 2016
165 Days
$1,550,000
-1.59%
Gloria Lin
Unit 8B 1 1 728 Jan 25, 2016 Alan Louie
Citi Habitats, Inc.
$1,525,000
$1,165/mo
Aug 5, 2016
192 Days
$1,450,000
-4.92%
Ibrahim Y Rabadi
Suheir Rabadi
Unit 4A 3 3.5 1,967 Jan 29, 2016 Holly Parker
Elliman
$4,395,000
$3,214/mo
Jul 7, 2016
159 Days
$4,171,450
-5.09%
2016 5 Franklin Place Trust Dated May 10
Michael S Arlein As Trustee Of
Unit PHA - - - - - - Jul 6, 2016 $10,325,600 Marv Albert
Unit PHB - - - - - - Jun 22, 2016 $6,079,460 5 Franklinphb Llc
Unit PHC - - - - - - Jun 9, 2016 $14,767,200 5 Fp Llc
Unit 12B - - - - - - May 18, 2016 $1,122,620 Stacey Widlitz
Unit 9A - - - - - - Apr 29, 2016 $3,464,600 Franklin 9a Llc
Unit 17A - - - - - - Apr 28, 2016 $6,051,500 Kim Kirk Successor Trustee
The Five Franklin 2016 Revocable Trust
Unit 12A - - - - - - Apr 25, 2016 $3,617,330 Arthur Parker
Marc William Roman
Unit 16A - - - - - - Mar 28, 2016 $11,174,800 5 Franklin Place Unit 16a Llc
Unit 15C - - - - - - Mar 25, 2016 $2,650,000 Aleksandra Sankovich
Vladimir Sankovich
Unit 4C - - - - - - Mar 22, 2016 $1,504,460 The Board Of Managers Of Franklin Place
Unit 16B - - - - - - Mar 21, 2016 $5,126,380 Pakawadee Khovidhunkit
Tony Tsai
Unit 11B - - - - - - Mar 18, 2016 $1,097,160 Jin Hu
David K Kim
Unit 15D - - - - - - Mar 15, 2016 $3,159,120 5 Franklin Property Inc
Unit 15B - - - - - - Mar 10, 2016 $1,249,900 Cindy Chwe
Unit 2A - - - - - - Mar 9, 2016 $3,245,670 Lee Levy
Shara Levy
Unit 14C - - - - - - Mar 8, 2016 $2,522,710 Mazal 55 Llc
Unit 12D - - - - - - Mar 8, 2016 $2,879,100 Hamsa Tribeca Llc
Unit 11C - - - - - - Mar 7, 2016 $2,300,740 Aly Alibhai
Shazma Fazal
Unit 14B - - - - - - Mar 7, 2016 $1,173,530 Adolfo Suaya
Unit 11D - - - - - - Mar 7, 2016 $2,700,910 Laurence Braham
Unit 14A - - - - - - Mar 4, 2016 $3,599,000 Rie Inc
Unit 10A - - - - - - Mar 3, 2016 $3,617,330 Lappartement Tribeca Llc
Unit 14D - - - - - - Mar 1, 2016 $3,045,080 Mark Alan Fortner As Trustee
Marla Michelle Farrell As Trustee
The Mark And Marla Fortner Revocable Trust
Unit 12C - - - - - - Feb 29, 2016 $2,368,960 Michael A Nickols
Unit 11A - - - - - - Feb 29, 2016 $3,808,760 Philip Ha
Unit 6C - - - - - - Feb 1, 2016 $1,759,030 Celine W Fung
Unit 6A - - - - - - Feb 1, 2016 $3,413,680 Pablo Goldberg
Unit 5B - - - - - - Jan 29, 2016 $2,344,520 Isadorable Llc
Unit 9D - - - - - - Jan 28, 2016 $2,497,260 Brit Girl Llc
Unit 7C - - - - - - Jan 28, 2016 $1,784,480 Piatok Real Estate Llc
Unit 5A - - - - - - Jan 28, 2016 $3,464,600 Curtis Clay Hardwick
Katherine Courtney Healy
Unit 8A - - - - - - Jan 27, 2016 $3,501,250 Estefania Lacayo
Ricardo A Sagrera
Unit 3C - - - - - - Jan 26, 2016 $924,649 Five Franklin 3b Llc
Unit 3B - - - - - - Jan 26, 2016 $2,441,180 Five Franklin 3b Llc
Unit 5C - - - - - - Jan 25, 2016 $1,783,460 5franklin5c Llc
Unit 8B - - - - - - Jan 25, 2016 $1,102,500 Steve Yuan
Tse-chiang Yuan
Unit 8C - - - - - - Jan 22, 2016 $1,692,840 Blue Hawaii Llc
Unit 7B - - - - - - Jan 22, 2016 $2,700,910 Warren P Baker Iii
Unit 2B - - - - - - Jan 21, 2016 $1,122,620 Julia Choi
Unit 4A - - - - - - Jan 21, 2016 $3,293,530 Holly Parker
Unit 9B - - - - - - Jan 21, 2016 $995,339 Anthony David Checkal
Shirley Shuet Kwun Choi
Unit 2D - - - - - - Jan 20, 2016 $969,883 Elisabeth Weinstock
Unit 2C - - - - - - Jan 20, 2016 $888,423 Roger Berger
Unit 10D - - - - - - Jan 14, 2016 $2,802,730 Jonathan Hua Jun Xiong
Unit 9C - - - - - - Jan 13, 2016 $2,262,040 Rupa Athreya
Taimur Hyat
Unit 7A - - - - - - Jan 12, 2016 $3,402,500 Judith Hess
Unit 3D - - - - - - Dec 30, 2015 $995,339 Jeffrey Hau
Theresa Pu-yiow Hwa
Unit 3A - - - - - - Dec 29, 2015 $3,242,620 Oliver Wong
Unit 10C - - - - - - Dec 14, 2015 $2,064,500 Daniel Investors Llc
Unit 10B - - - - - - Dec 14, 2015 $985,411 Jennie Angela Sargente As Trustee
Marie Mustillo As Trustee
Iii As Trustee Michael A Mustillo
The Article Sixth Trust Credit Shelter Trust
The Jennie Angela Sargente Revocable Grantor Trust
Unit C - - - - - - May 21, 2015 $6,959,340 Arisa 5 Franklin Llc

Apartments for Sale at 5 Franklin Place

UnitBrBaft²ListedListing AgentAskingPrice/ft² HOA + Tax Floorplans

Apartments for Rent at 5 Franklin Place

UnitBrBaft²ListedListing AgentAskingPrice/ft²Floorplans

Nearby Buildings

Learn more about 5 Franklin Pl #7B

Building at 5 Franklin Place, New York, NY 10013

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