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Franklin Place, 5 Franklin Place, #8A

$3,495,000 ($1,777 per ft2) | 3 beds, 3.5 baths | Approx. 1,967 ft2
View Full Building Profile  | 
194 days on Market

Key Details

  • Listed: Oct 23, 2023
    Days on Market: 194
    Building Type: Condominium
    Neighborhood: Tribeca (Manhattan)
    Doorman: FT Doorman
    Listing viewed 113 times
Monthly Common Charges: $3,274
Monthly Real Estate Taxes: $3,834
Total Taxes & Fees: $7,108 ($3.61/ft2)
Est. Monthly Mortgage: $19,378
Total Est. Monthly Carrying Cost: $26,486 ($13.47/ft2)
Note: the above is based on a down payment of 20% ($699,000), which is the minimum amount permitted by the building.

Insider Highlights

  • Prime Location and Luxurious Design: Located in the heart of Tribeca at 5 Franklin Place, this 3-bedroom, 3.5-bathroom condominium offers luxurious living with interiors designed by Andres Escobar and architecture by ODA. The building, completed in 2015, stands out with its unique cantilevered feature and is one of the most sought-after condominiums in Tribeca.
  • Spacious and Elegant Interiors: The apartment boasts 9’5’ high ceilings, 5" oak hardwood floors, and oversized kitchens equipped with Calacatta marble islands, Poggenpohl cabinetry, and high-end appliances. 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.
  • Convenient Amenities and Services: The building offers a full-time doorman and concierge, a live-in superintendent, and parking options for convenience and security. Amenities include a landscaped roof deck with a heated pool, cabanas, and barbecue, a state-of-the-art gym, a children’s playroom, private storage spaces, and bicycle storage.
  • Financial Details: The apartment is listed for $3,495,000 ($1,777 per ft2) with monthly common charges of $3,274 and real estate taxes of $3,834. The total taxes and fees amount to $7,108 ($3.61/ft2).
  • Building Specifications: The condominium was built in 2015 and houses 53 apartments across 20 floors. It offers a range of amenities including a fitness center, on-site parking, outdoor entertainment space, courtyard, in-unit washer/dryer, bike room, and terraces/balconies.
  • Accessibility and Proximity: The building is conveniently close to the subway and necessities like the Gourmet Garage Supermarket. However, it does not feature fire escapes, fireplaces, or balconies.

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.

Contact us today to schedule a viewing and experience the epitome of urban living.

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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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