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In Contract

Franklin Place, 5 Franklin Place, #4A

$3,345,000 ($1,701 per ft2) | 3 beds, 3.5 baths | Approx. 1,967 ft2
Building Profile  | 
548 days on Market

Key Details

  • Listed: Jun 12, 2023
    Last Price Change: ($30,000) on Jan 22
    Days on Market: 548
    Building Type: Condominium
    Neighborhood: Tribeca (Manhattan)
    Doorman: FT Doorman
    Listing viewed 141 times
Monthly Common Charges: $3,339
Monthly Real Estate Taxes: $3,557
Total Taxes & Fees: $6,896 ($3.51/ft2)
Est. Monthly Mortgage: $17,392
Total Est. Monthly Carrying Cost: $24,288 ($12.35/ft2)
Note: the above is based on a down payment of 20% ($669,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Master Suite: The master suite includes two walk-in closets, large windows and an en-suite with Waterworks fixtures, double vanity, separate shower and bathtub.
  • Building Amenities: The building offers a full-time doorman, a roof deck with a pool and cabanas, children’s playroom, gym, separate storage rooms, bike storage, and a fitness center. Deeded parking is available separately upon request.
  • Additional Features: The sale includes a large storage unit, and the property offers a river view. However, there are no fire escapes, fireplaces, or balconies.
  • Location and Building: This luxurious condominium is located at 5 Franklin Place, Tribeca, built in 2015 with 53 apartments across 20 floors.
  • Price and Size: The property is listed for $3,345,000, offering approximately 1,967 ft2 of space, which equates to $1,701 per ft2. The monthly common charges and real estate taxes total to $6,514.
  • Interior Features: The condo boasts 3 bedrooms each with a private full bathroom, 3.5 bathrooms in total, a large walk-in laundry room, ample closet space, and 5 inch oak hardwood floors. The kitchen is equipped with high-end appliances and marble countertops.

Description

Large Storage unit is included in this sale! Unprecedented opportunity to own and reside in this lavish, recently built development in Tribeca’s fastest growing neighborhood. With very few 3 bedroom 3.5 bathrooms on Tribeca’s market in this price range, this gem will not last long. This stunning and extremely rare home cultivates luxury and rarity with a large walk-in laundry room with oversized washer/dryer, ample closet space throughout, 5 inch oak hardwood floors, fabulous Waterworks bathroom fixtures, and a truly remarkable kitchen fit for a master chef.

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, an integrated subzero refrigerator, wine storage, a garbage disposal, and finished with fabulous marble countertops and backsplash. Each of the three bedrooms include a private full bathroom designed with high-end Waterworks fixtures and imported hand-laid marble. The magnificent master suite will impress anyone with its two enormous walk-in closets, large windows and lavish en-suite complete with Waterworks fixtures, double vanity, and separate shower and bathtub.

The building boasts fantastic amenities including a sensational roof deck with a pool and cabanas, a children’s playroom, state-of-the-art gym, a 24 hour doorman/concierge, separate storage rooms, and bike storage. Enjoy the thriving neighborhood which will never leave a dull moment with options such as Gourmet Garage on Broadway, Dean and Deluca, Billy’s Bakery, Crossfit Gym, and Aire Spa and Bath House. 5Franklin has set precedents for new development and is surrounded by other exciting new developments in the area boosting real estate values including 60 White St, Cast Iron House designed the Pritzker Prize winning architect Shigeru Ban, and 56 Leonard designed by Pritzker Prize winning architects Herzog and de Meuron.

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Apartment Amenities

  • Western Exposures
Listing courtesy of Sothebys International Realty

Pricing History

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About Franklin Place, 5 Franklin Place

90

Franklin Place, 5 Franklin Place has received a CityRealty Rating of 90, 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

32
Out of 44
+
27
Out of 36
+
21
Out of 39
+
10
=
90
Out of 119
 

Architecture Rating: Points Breakdown

Exterior:
Very Distinguished 7 out of 8 points
Retail Quality:
None 2 out of 5 points
Canopy Entrance:
Dramatic 3 out of 3 points
Alterations:
None 2 out of 2 points
Plaza Or Atrium:
Very Attractive 3 out of 3 points
Contextual Design:
No, but Very Good 3 out of 3 points
Skyline:
Highly Visible 2 out of 2 points
Local Visibility:
Highly Visible 2 out of 2 points
Watertank:
Attractively Enclosed 2 out of 2 points
Airconditioners:
Not Allowed 2 out of 2 points
Free Standing:
No 0 out of 2 points
Gargoyles:
None 0 out of 2 points
Garden:
Attractive 2 out of 2 points
Fenestration:
Consistent 1 out of 1 points
Landmark:
No 0 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:
Attractive / Pleasant 3 out of 5 points
Distance To Neighborhood Center:
Less than 10 blocks 5 out of 5 points
Views:
Open 2 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:
3-5 Short Blocks 1 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:
6-10 Short Blocks 1 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:
Stunning 5 out of 5 points
Units Per Floor:
3-4 3 out of 5 points
Ceiling:
9-11 Feet 2 out of 4 points
Balconies:
Some 1 out of 3 points
Health Club:
Yes, with Swimming Pool 2 out of 2 points
Private Gardens:
None 0 out of 2 points
Storage Rooms:
Considerable 2 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:
Yes 1 out of 1 points
Elevator Person:
None 0 out of 1 points
Recreational Roof:
Yes 1 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:
Yes 1 out of 1 points
Mixed Use:
No 0 out of 1 points
Non Rectilinear Form:
No 0 out of 1 points
Unusual Layouts:
No 0 out of 1 points
Prewar:
No 0 out of 1 points
Other Amenities:
Many 2 out of 2 points

Building Amenities

  • Concierge
  • FT Doorman
  • High-Rise
  • Post War
  • Resident Storage
  • Central AC
  • Full Service Garage
  • Pool
  • Rooftop Terrace
  • Washer/Dryer in building
  • Elevator
  • Children's Playroom
  • Fitness Center
  • On-Site Parking
  • Outdoor Entertainment Space
  • Courtyard
  • In-Unit Washer/Dryer
  • Bike Room
  • Live-In Superintendent
  • Terraces / Balconies

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Pros
  • Live-in superintendent
  • Parking
  • Plaza
  • Roof deck with swimming pool
  • Close to Subway
  • Concierge
  • Doorman
  • Bicycle room
  • Storage
  • Large plaza
  • Live-in superintendent
  • Parking
  • Roof deck with swimming pool
  • Bicycle room
  • Doorman
  • Concierge
Cons
  • No fire escapes
  • No fireplaces
  • Mid-block
  • No balconies
  • No balconies
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Subways

  1. J
  2. Z
  3. N
  4. Q
  5. R
  6. 6
at Broadway 0.15 miles
  1. 1
at Varick and North Moore 0.20 miles
  1. A
  2. C
  3. E
at Thompson 0.22 miles
  1. 4
  2. 5
at Lafayette and Duane 0.32 miles
  1. 2
  2. 3
at West Broadway 0.33 miles

Aerial Imagery

 

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