Franklin Place, 5 Franklin Place, Unit 8A1 - 3 Bed Apt for Sale for $3,100,000

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Franklin Place, 5 Franklin Place, #8A1

$3,100,000 ($1,576 per ft²) | 3 beds, 3.5 baths | Approx. 1,967 ft²

Building Profile |

105 days on Market

Key Details

Listed: Jul 11, 2024

Last Price Change: ($250,000) on Aug 16

Days on Market: 105

Building Type: Condominium

Neighborhood: Tribeca (Manhattan)

Doorman: FT Doorman

Monthly Common Charges: $3,274

Monthly Real Estate Taxes: $4,021

Total Taxes & Fees: $7,295 ($3.71/ft²)

Est. Monthly Mortgage: $16,102

Total Est. Monthly Carrying Cost: $23,397 ($11.89/ft²)

Note: the above is based on a down payment of 20% ($620,000), which is the minimum amount permitted by the building.

Insider Highlights

Prime Location: This luxurious 3-bedroom, 3.5-bathroom condo is located in the highly desirable Tribeca neighborhood, close to the subway for easy commuting and necessities like Gourmet Garage Supermarket.
Stunning Design: The condo boasts a unique architectural design by renowned firm ODA, completed in 2015, with high ceilings, oak hardwood floors, and a gourmet kitchen featuring Calacatta marble islands, Poggenpohl cabinetry, and high-end appliances.
Comfortable Living: Each bedroom has its own en-suite bath and open sky views, with the principal bedroom featuring two walk-in closets and a luxurious bath. The unit also includes a convenient in-unit laundry area, central AC, and terraces/balconies.
Quality Amenities: The building offers a full-time concierge and doorman for convenience and security, on-site parking options, a live-in superintendent, and additional private storage spaces and bicycle storage.
Recreational Facilities: Residents can enjoy a landscaped roof deck with a heated pool, cabanas, and barbecue area, as well as a state-of-the-art gym, children's playroom, and a fitness center within the building.
Included Extras: The condo comes with a deeded storage room, and the bathrooms feature imported marble and high-end fixtures.

Description

Welcome to 5 Franklin Place, an epitome of luxurious living in the heart of Tribeca. This exquisite 3-bedroom, 3.5-bathroom condo is a testament to modern elegance. Situated on a private cobblestone block between Franklin and White Street, the 20-story masterpiece, completed in 2015, is one of Tribeca’s most sought-after condominiums.

Designed by the renowned architectural firm ODA, the building boasts a unique cantilevered feature on its top half, setting it apart as a true architectural gem. The interiors, crafted by the distinguished Andres Escobar, are a testament to thoughtful design.

Step into 8A, a spacious haven, to be greeted by 9’5’ high ceilings and 5" oak hardwood floors, creating an ambiance of grandeur and sophistication. The oversized kitchens are a home chef’s dream, with Calacatta marble islands, Poggenpohl cabinetry, a concealed Subzero refrigerator, dual Bosch ovens, a range, and a dishwasher.

The stunning kitchen pours into the sun soaked living area. Each bedroom room is sunny and boasts its own en-suite bath and open sky views. The principal bedroom is spacious and has two walk-in closets along with a luxurious bath.

A laundry area is conveniently located in the hallway across from the bedrooms. The unit is offered with a deeded storage room on the same floor.

Indulge in the luxurious bathrooms with hand-laid imported marble, and most master bathrooms boast 5-piece fixtures, including a stand-up glass shower, marble-clad tub, and double vanity sinks.

The building’s amenities cater to your every need. A full-time concierge and doorman ensure convenience and security, while parking options are available for your peace of mind.

A live-in superintendent is on-site to address your needs promptly. The landscaped roof deck, featuring a heated pool, cabanas, and barbecue offers a serene escape from the city’s hustle and bustle. There is also a state-of-the-art gym and a children’s playroom.

Additional private storage spaces and bicycle storage are also available for your convenience.

This residence is the perfect blend of modern luxury and downtown convenience. Franklin Place offers the charm of this private enclave while being in the center of Tribeca, necessities like Gourmet Garage Supermarket are just across the street.

Apartment Amenities

City View

Listing courtesy of Douglas Elliman Real Estate

Pricing History

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About Franklin Place, 5 Franklin Place

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

Out of 44

Out of 36

Out of 39

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

Condo
Built in 2015
53 Apartments
20 Floors

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

About this Building

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

Map View | Street View

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Subways

at Broadway 0.15 miles

at Varick and North Moore 0.18 miles

at Thompson 0.20 miles

at Lafayette and Duane 0.34 miles

at West Broadway 0.34 miles

Aerial Imagery

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Franklin Place, 5 Franklin Place, #8A1

Franklin Place, 5 Franklin Place has received a CityRealty Rating of 90, based on:

Rating Summary

Architecture Rating: Points Breakdown

Location Rating: Points Breakdown

Features Rating: Points Breakdown

Building Amenities

Map View | Street View

Subways

Aerial Imagery

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