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INVESTMENT HIGHLIGHTS
- Condo-Level Renovations
- 17’ Ceiling Heights
- 1 Commercial Unit (LXD January 2029)
- High End Amenities (Chef’s Kitchens, Miele & Wolf Appliances, Spa-Level Bathrooms, Roof Decks)
- 4 Residential Free Market Units (One 4-bedroom, Two 3-bedroom, One studio)
- Prime TriBeCa Location (between Broadway & Church Street)
EXECUTIVE SUMMARY
Cushman & Wakefield has been exclusively retained to arrange the sale of 74 Franklin Street, a mixed-use residential free market building located on the north side of Franklin Street between Broadway and Church Street in the TriBeCa neighborhood of Manhattan.
The property spans approximately 9,796 gross square feet above-grade and features 4 residential free-market units above retail. In addition, 74 Franklin has ±5,958 square feet of unused air rights, permitting the opportunity for future development or a possible expansion of the building. Currently, the property is 100% occupied with buyers having access to both immediate cash flow and long-term upside with the ability to potentially add more units and square footage.
Originally built in 1915, 74 Franklin Street reflects Tribeca’s iconic architectural character, featuring a cast-iron façade, exposed brick, and loft-style layouts containing 17-foot ceiling heights that define the neighborhood’s historic streetscape. Since then, the property has recently undergone significant renovations, which feature high-end residential finishes and luxury appliances, including chef-style kitchens, Wiele & Wolf appliances, central A/C, spa-style bathrooms, walk-in closets, oak flooring, and private roof decks.
The retail space has been meticulously white-boxed and is currently occupied by the renowned art gallery, Chart, which holds a lease in place through January 2029.
74 Franklin Street is strategically located in TriBeCa, one of New York City’s most coveted neighborhoods, celebrated for its cobblestone streets, historic architecture, and upscale lifestyle. The area offers premier dining, boutique shopping, art galleries, and access to Hudson River Park, all within walking distance. With top-rated schools, convenient access to the 1, A/C/E, N/Q/R/W, and 6 subway lines, and a vibrant yet residential atmosphere, TriBeCa remains a highly desirable destination for residents and investors alike.
The property spans approximately 9,796 gross square feet above-grade and features 4 residential free-market units above retail. In addition, 74 Franklin has ±5,958 square feet of unused air rights, permitting the opportunity for future development or a possible expansion of the building. Currently, the property is 100% occupied with buyers having access to both immediate cash flow and long-term upside with the ability to potentially add more units and square footage.
Originally built in 1915, 74 Franklin Street reflects Tribeca’s iconic architectural character, featuring a cast-iron façade, exposed brick, and loft-style layouts containing 17-foot ceiling heights that define the neighborhood’s historic streetscape. Since then, the property has recently undergone significant renovations, which feature high-end residential finishes and luxury appliances, including chef-style kitchens, Wiele & Wolf appliances, central A/C, spa-style bathrooms, walk-in closets, oak flooring, and private roof decks.
The retail space has been meticulously white-boxed and is currently occupied by the renowned art gallery, Chart, which holds a lease in place through January 2029.
74 Franklin Street is strategically located in TriBeCa, one of New York City’s most coveted neighborhoods, celebrated for its cobblestone streets, historic architecture, and upscale lifestyle. The area offers premier dining, boutique shopping, art galleries, and access to Hudson River Park, all within walking distance. With top-rated schools, convenient access to the 1, A/C/E, N/Q/R/W, and 6 subway lines, and a vibrant yet residential atmosphere, TriBeCa remains a highly desirable destination for residents and investors alike.
PROPERTY FACTS
| Price | $18,835,200 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $3,767,040 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| No. Units | 5 | Building Size | 9,796 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1915 |
| Zoning | C6-2A | ||
| Price | $18,835,200 CAD |
| Price Per Unit | $3,767,040 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 9,796 SF |
| No. Stories | 5 |
| Year Built | 1915 |
| Zoning | C6-2A |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Tub/Shower
- Deck
- Dining Room
- Large Bedrooms
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 0175-0002 | Improvements Assessment | $1,890,731 CAD |
| Land Assessment | $142,697 CAD | Total Assessment | $2,033,428 CAD |
PROPERTY TAXES
Parcel Number
0175-0002
Land Assessment
$142,697 CAD
Improvements Assessment
$1,890,731 CAD
Total Assessment
$2,033,428 CAD
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