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In Contract

140 Franklin Street, #PHC

$12,980,000 ($3,166 per ft2) | 3 beds, 4.5 baths | Approx. 4,100 ft2
Building Profile  | 
4 days on Market

Key Details

  • Listed: Dec 12, 2024
    Days on Market: 4
    Building Type: Condominium
    Neighborhood: Tribeca (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $5,561
Monthly Real Estate Taxes: $9,656
Total Taxes & Fees: $15,217 ($3.71/ft2)
Est. Monthly Mortgage: $76,002
Total Est. Monthly Carrying Cost: $91,219 ($22.25/ft2)
Note: the above is based on a down payment of 10% ($1,298,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Luxurious Open Kitchen: A chef's dream with custom cabinetry, high-end appliances, and a massive center island for casual dining.
  • Expansive Rooftop Terrace: A magnificent 1,650-square-foot outdoor oasis featuring spacious seating and dining areas, perfect for entertaining.
  • Elegant Owner's Retreat: An expansive suite with a skylight, walk-in closet, and a spa-like en suite bathroom featuring a rain shower.
  • Versatile Upper Level: Includes a sunlit den, home office, and media room, ideal for a fourth bedroom or seamless indoor-outdoor entertaining.
  • Smart Home Features: Equipped with central HVAC, integrated speakers, and smart controls for lighting, shades, and sound for modern convenience.
  • Sun-Drenched Great Room: Flooded with natural light from oversized windows and skylights, complemented by a wood-burning fireplace for warmth.

Description

Sun-kissed luxury penthouse living awaits in this sprawling three-bedroom, four-and-a-half-bathroom duplex loft featuring exquisite industrial-meets-modern interiors and a massive rooftop terrace atop a full-service boutique condominium in the heart of Tribeca.
Spanning more than 4,100 square feet across the top two floors of the building, this impressively renovated showplace delivers an exceptionally private backdrop for fine living and lavish entertaining. Interior designer Robert Stilin deployed a thoughtful aesthetic that marries the home’s boundless natural light with pale, wide-plank hardwood floors and original architectural details like cast-iron columns, beams and a staircase. Every corner of the duplex is flooded with natural light thanks to over a dozen oversized windows and multiple skylights.
A gracious entry flanked by closets and a powder room ushers you into the glorious great room where a massive skylight, wide-open city views and a wood-burning fireplace add welcoming warmth and visual interest.

The world-class open kitchen is a masterwork of custom waxed oak and wired glass cabinetry by RJ Millwork, French custom stone countertops and glistening subway tile backsplashes. The massive center island/breakfast bar welcomes casual dining under a row of pendants, while the fleet of upscale appliances includes a vented six-burner Wolf range with double ovens, a 48-inch Sub-Zero refrigerator, three dishwashers, a 150-bottle wine refrigerator, Viking microwave and a Miele coffee system.
The loft’s luxurious accommodations begin with an expansive owner’s retreat featuring a skylight, a walk-in closet and a windowed en suite bathroom with a rain shower, double vanity and towel warmer. Two skylit secondary suites connected by a pocket door boast large closets, built-ins and attached full bathrooms.

Head to the upper level to discover a sun-splashed den, home office, full bath and media room, making the space equally ideal as a fourth bedroom suite or a fantastic lounge for seamless indoor-outdoor entertaining. The loft’s crowning glory is the magnificent 1,650-square-foot rooftop terrace featuring spacious seating and dining areas, a well-equipped summer kitchen, manicured landscaping and handsome decking and pavers. Tall privacy walls make this al fresco sanctuary both completely open and incredibly private.

Central HVAC, integrated speakers and smart home controls for lighting, shades and sound add comfort and convenience to this one-of-a-kind Tribeca penthouse.
140 Franklin Street is a stunning Romanesque Revival store and factory building designed by prolific commercial architect Albert Wagner in 1887. Inspired by Wagner’s own Puck Building design, the brick, brownstone and terra cotta structure initially included an impressive clocktower that rose several stories above the corner of Franklin and Varick. Converted to condominium use in 2000, the beautifully maintained 14-unit building offers 24-hour doorman and full-time superintendent service, an original lobby mural, and a water filtration system.
Positioned within the Tribeca Historic District, this home is surrounded by remarkable shopping, dining and nightlife, including Locanda Verde, Frenchette, One White, Mr. Chow and Bubby’s.

Whole Foods and the year-round Tribeca greenmarket are nearby. Just two blocks west, you’ll find 500 acres of waterfront outdoor space and recreation at Hudson River Park, including fantastic Pier 25 and 25 amenities. Access to transportation couldn’t be better with A/C/E, 1/2/3, J/Z, N/Q/R/W and 6 trains, excellent bus service and CitiBike stations all nearby.

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Apartment Amenities

  • Terrace
Listing courtesy of Corcoran Group

Pricing History

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About 140 Franklin Street

85

140 Franklin Street has received a CityRealty Rating of 85, based on:

 
Architecture

Anything above 30 is remarkable, from 20-29 is distinguished and from 11-19 is average, while below 11 is below average.

 
Location

Anything above 27 is remarkable, from 18-26 is distinguished and from 9-17 is average, while below 9 is below average.

 
Features

Anything above 22 is remarkable, from 16-21 is distinguished and from 9-15 is average, while below 9 is below average.

Rating Summary

28
Out of 44
+
32
Out of 36
+
15
Out of 39
+
10
=
85
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Architectural Masterpiece 8 out of 8 points
Retail Quality:
High-End 5 out of 5 points
Canopy Entrance:
Attractive 2 out of 3 points
Alterations:
Well Done 1 out of 2 points
Plaza Or Atrium:
None 0 out of 3 points
Contextual Design:
Yes and Good 2 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Exposed 0 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
Corner 1 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
None 0 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
Part of Historic District 1 out of 2 points
Unity:
Unified Design 1 out of 1 points
Illumination:
None 0 out of 1 points
Water Element:
None 0 out of 1 points

Location Rating: Points Breakdown

Street Ambience:
Outstanding 5 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Impressive 3 out of 4 points
Neighborhood Ambience:
Very Attractive 3 out of 3 points
Traffic Noise:
Very Little 3 out of 3 points
Protected Views:
Only Top Floors 1 out of 2 points
Distance To Subway:
3-5 Short Blocks 1 out of 2 points
Firedepartment Noise:
No Noise 2 out of 2 points
Distance To Supermarket:
Less than 3 Short Blocks 2 out of 2 points
Distance To Park:
3-6 Short Blocks 1 out of 2 points
Distance To Water:
Less than 3 Short Blocks 2 out of 2 points
Shopping:
5 or less Short Blocks 2 out of 2 points
Schools:
No Noise 1 out of 1 points
Noise From Nightlife:
None 1 out of 1 points

Features Rating: Points Breakdown

Lobby:
Spacious 4 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
None 0 out of 3 points
Health Club:
None 0 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
None 0 out of 2 points
Bay Windows:
None 0 out of 1 points
Fireplaces:
None 0 out of 1 points
Door Person:
Yes 1 out of 1 points
Concierge:
None 0 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
None 0 out of 1 points
Driveway:
None 0 out of 1 points
Maids Room:
None 0 out of 1 points
Catering:
None 0 out of 1 points
Garage:
None 0 out of 1 points
Mixed Use:
Yes 1 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
Some 1 out of 1 points
Prewar:
Yes 1 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Attended Lobby
  • Concierge
  • FT Doorman
  • Pre War
  • Resident Storage
  • Central AC
  • Rooftop Terrace
  • Elevator
  • Outdoor Entertainment Space
  • In-Unit Washer/Dryer
  • Fireplaces
  • Terraces / Balconies

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Pros
  • Great TriBeCa location
  • Not too far from Ground Zero
  • Convenient to many restaurants
  • Convenient to City Hall Park
  • Some arched windows
  • Superintendent
  • Doorman
  • Subway station at the corner
  • Lobby has Sol LeWitt mural
Cons
  • No garage
  • No health club
  • No balconies
  • No sidewalk landscaping
  • No sundeck
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Subways

  1. 1
at Varick and North Moore 0.02 miles
  1. A
  2. C
  3. E
at Thompson 0.15 miles
  1. J
  2. Z
  3. N
  4. Q
  5. R
  6. 6
at Broadway 0.29 miles
  1. 2
  2. 3
at West Broadway 0.29 miles
  1. 4
  2. 5
at Centre and Reade 0.47 miles

Aerial Imagery

 

Pricing comparison

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