Total Est. Monthly Carrying Cost:
$128,607 ($25.62/ft2)
Note: the above is based on a down payment of 10% ($1,995,000),
which is the minimum amount permitted by the building.
Description
140 Franklin Street is a full-service, 24-hour doorman, boutique (12 unit) condominium. Designed in 1887 by Albert Wagner, the architect of the iconic Puck Building on Lafayette Street, it was converted for residential use by Aldo Andreoli of AA Studio. Penthouse A, the unit designed for the developer, is now available for sale for the first time since the building was converted.
It offers 5,000 square feet of living space over two floors; roughly 4,000 on the first and 1,000 on the second. The second floor living room features two immense sliding glass doors opening onto over 2200 square feet of private roof terrace. This south and west facing terrace affords clear views of the Freedom Tower, the Woolworth Building and the Western Union Building.
The second floor also contains a small kitchen and wine refrigerator for ease of outdoor entertaining, as well as a half bath. The first floor entryway leads to a double height, 48 foot long great room with a wall of eight south-facing windows and a 25 foot angled skylight, providing an abundance of natural light. A wood burning fireplace dominates the great room’s west wall and abuts a stainless steel and marble open kitchen custom built by Poliform.
Albeit larger than the norm for classic lofts, Penthouse A features high ceilings, original cast iron columns and other details commonly associated with such apartments. While the residence certainly benefits from the prewar standards of quality construction, the apartment has been responsibly updated with contemporary details such as central air and an apartment-wide Lutron lighting system. A gallery hallway, designed to house the developers art collection (he was a patron of Sol LeWitt, whose mural adorns the building’s lobby), leads to the master suite and two additional windowed, skylit bedrooms (one now used as a library), each with attendant bath, as well as a storage area (designed by Poliform) and a laundry room.
This urban mansion is the ideal home for grand entertaining and luxe living in the best location Tribeca has to offer.
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