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Franklin Place, 5 Franklin Place, #16B

$6,000,000 ($2,650 per ft2) -7.7% | 3 beds, 2.5 baths | Approx. 2,264 ft2
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52 days on Market

Key Details

  • Listed: Mar 13, 2024
    Last Price Change: -7.7% ($500,000) on Apr 30
    Days on Market: 52
    Building Type: Condominium
    Neighborhood: Tribeca (Manhattan)
    Doorman: FT Doorman
Monthly Common Charges: $4,544
Monthly Real Estate Taxes: $5,177
Total Taxes & Fees: $9,721 ($4.29/ft2)
Est. Monthly Mortgage: $33,201
Total Est. Monthly Carrying Cost: $42,922 ($18.96/ft2)
Note: the above is based on a down payment of 20% ($1,200,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Location: Desirable Tribeca Neighborhood
  • This spacious 3-bedroom, 2.5-bath residence is located in the highly sought-after Tribeca neighborhood, with close proximity to the subway for easy commuting.
  • High-End Features: Luxury Living Space
  • The residence boasts 2,264 square feet of space, featuring oversized windows with expansive city views, a large terrace for outdoor living, and high-end kitchen appliances including a Subzero refrigerator and Bosch stove. The master suite includes a sitting area and a luxurious bathroom with imported marble, double vanity, and radiant heated floors.
  • Quality Construction: Renowned Designers
  • The building, designed by renowned ODA Architects with interiors by Andres Escobar, features oak hardwood floors throughout, in-unit laundry with a Miele washer and dryer, central AC, and ample storage space.

Description

Luxuriate in urban living within this sun-soaked 3-bedroom, 2.5-bath residence, boasting a generous terrace.
Nestled in the esteemed 5 Franklin Place, a boutique condominium crafted by Andrew Escobar, this sophisticated home embodies loft-style refinement. With oversized windows framing expansive city panoramas, this meticulously planned abode spans 2,264 square feet, promising spaciousness in every corner. A thoughtfully designed layout ensures seamless flow and privacy, with a discreet hallway leading from the great room to all three bedrooms.
The light-filled great room offers an inviting space for living and entertaining, illuminated by Southern and Eastern exposures that spill onto the terrace.

The chef’s kitchen showcases Poggenpohl cabinetry, natural marble countertops, and high-end appliances including a Subzero refrigerator and Bosch stove.
The expansive Master Suite enjoys a corner position, featuring a cozy sitting area and an opulent bathroom adorned with imported marble, double vanity, and radiant heated floors. Additional highlights encompass oak hardwood floors, a laundry closet equipped with a Miele washer and dryer, central AC, and ample storage space.
Residents of 5 Franklin Place relish access to an array of amenities, including a 24-hour doorman, landscaped rooftop deck with a pool, state-of-the-art gym, playroom, and private parking.

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Apartment Amenities

  • City View
Listing courtesy of Douglas Elliman Real Estate

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 0.18 miles
  1. A
  2. C
  3. E
at Thompson 0.20 miles
  1. 4
  2. 5
at Lafayette and Duane 0.34 miles
  1. 2
  2. 3
at West Broadway 0.34 miles

Aerial Imagery

 

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