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108 Franklin Street, #1 (Serhant LLC) 108 Franklin Street, #1 (Serhant LLC)
At this point in Tribeca's transformation from urban wasteland to one of Manhattan's most coveted neighborhoods, it would appear that every formerly industrial or commercial building that could possibly be converted to residential has done so, and the owners of the apartments inside are clinging to their real estate. Such scarcity cannot help but drive prices up; and yet, a four-bedroom loft with private terrace at Italianate loft building turned luxury cooperative 108 Franklin Street is available for only $3,000,000, down 53.8% from the original listing price of $6.495 million. Original features like exposed brick, high ceilings, and oversized windows remain on display, but a recent renovation yielded such perks as a chef's kitchen with state-of-the-art appliances, a dressing room with custom storage in the primary suite, a spacious laundry room with two washer/dryers, and a home gym.
However, it is important to note that this loft is being sold in a flash sale auction with the bid deadline set for Friday, January 12 at 5:00 p.m. While auctions like this can allow for access to unique properties at great prices, there are some pitfalls buyers should be aware of. The circumstances of the property and how it hit the auction market are not known, which will result in more research and thus higher attorney fees. Owing to the risks these properties can present, finding a lender may be more difficult. These may be non-issues to all-cash buyers, but even they will not be able to conduct a walk-through or inspection that could reveal any deal-breakers before buying the property.
The Tribeca loft was among the 258 listings throughout New York experienced price reductions from January 3-9, 2024. Notable listings and a full chart of last week's price cuts may be seen below. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.

Corner living room 233 East 70th Street, #14P (Berkshire Hathaway HomeServices)
Foyer with staircase
Windowed kitchen
From the Listing: This magnificent 4-bedroom duplex is not to be missed! The smart, sprawling home offers sunlit north, south and west exposures featuring lovely views of the city. A large foyer surrounding a solid, custom-built staircase greets you at the 14th-floor entrance. An oversized living room and side-by-side formal dining room and wine bar face south and receive lots of light. See floor plan and full details here.

Living room with beamed ceiling and open kitchen The Chatsworth, #203 (Engel & Volkers)
Dining area, entry foyer, and kitchen with breakfast bar
Windowed primary bath with separate soaking tub
From the Listing: This oversized, mint-condition, and peaceful 2-bedroom / 2.5-bath + windowed home office has direct views over the greenery of Riverside Park and overlooking the vast riverfront Hudson River Parkway system, and comes beautifully appointed with both classic Old World details and modern, renovated conveniences. With a gracious entry gallery with coffered ceiling leading into a large open living room, brightly lit through steady, northern exposure in historical frame windows, the home features wide oak flooring, custom millwork, and architectural moldings throughout. A windowed, designer kitchen offers the best in luxury design. No board interview required. See floor plan and full details here.

Living room with garden access 532 Clinton Avenue, #1A (Compass)
Dining area and open kitchen
Private terrace
From the Listing: Apartment 1A has its own private outdoor space opening up from the living room making it a perfect space for entertaining. The kitchen boasts white oak cabinets crafted by Brooklyn-based Iron Oaks and is complimented with black Caesarstone counters and backsplash. There is a Bosch appliance package with includes an integrated refrigerator and dishwasher keeping the design clean and stylish. See floor plan and full details here.

Living room with solarium-style windows 30 East 76th Street, #PH (Brown Harris Stevens)
Windowed dining area
Private terrace with city views
From the Listing: Rare opportunity to own a stunning four-bedroom, three and a half-bathroom penthouse duplex perfectly located between Madison and Park Avenues on one of the Upper East Side’s most desired blocks. The breathtaking upper level counts large living room with wood-burning fireplace and herringbone wood floors throughout. Surrounded by stylish arched windows with unobstructed views, the floor offers a copious amount of northern, western, and southern light. A large balcony faces the landmarked Carlyle Hotel to the north and a planted terrace with outdoor furniture faces south. See floor plan and full details here.

Living room with fireplace Goldstone, #6S (Sotheby's International Realty)
Entrance foyer
Windowed eat-in kitchen
From the Listing: This highly desirable, one-of-a-kind home defines perfection with the ultimate features in luxury living: incredible views, grand proportions and prime location. Enter through the impressive 20’5" x 10’8" gallery to the light filled living room with oversized windows looking on to Park Avenue. This magnificent room boasts soaring 9’9" ceilings, a wood-burning fireplace and is grand enough for multiple seating arrangements. See floor plan and full details here.

761 Greenwich Street 761 Greenwich Street, #TH (Brown Harris Stevens)
Living room with fireplace
Interiors with dining room
Private garden
From the Listing: Originally built as part of three Greek Revival row houses in 1838, 761 Greenwich Street served as a single-family home for Moses Leonard, U.S. Congressman from 1843-1845. Currently configured as two duplexes, this gracious townhouse spans approximately 4,453 square feet of indoor living space and has a tranquil, landscaped garden in the back. The high ceilings and large windows on every floor fill the residence with gorgeous natural light. Delivered vacant and with commercial zoning overlay, this unique building offers multiple uses, including an income-producing rental property, a live-plus income opportunity, or conversion into a single-family home in the highly desirable West Village. See floor plan and full details here.

Living room with beamed ceiling The Atelier, #4RW (Douglas Elliman)
Windowed kitchen
From the Listing: Bring your designer with you or, for architecture aficionados, enjoy Kol / Mac Studio’s bold and imaginative loft reinvention. The loft's Great Room has 11-foot beamed ceilings, huge windows, and sliding walls that can transform the space into multiple configurations. The kitchen is a molded sculptural delight. All this with N/E/W exposures, washer/dryer, a common roof deck, and full-time doorman in an elegant pet friendly building on the West Side’s most picturesque Central Park block. See floor plan and full details here.

Living room with greenhouse window Turtle Bay Towers, #17H (Douglas Elliman)
Interiors with kitchen
Private terrace with city views
From the Listing: This dramatic space will draw you right in and through to your private terrace with open views north! Soaring ceilings! Greenhouse windows above the dining/home office platform! Large living room served by a gorgeous pass through kitchen with Insinkerator garbage disposal! Big bedroom (which can be converted into two sleep spaces) has river view, closets galore and lofted space to be used in any way you like! See floor plan and full details here.

Living/dining room with beamed ceiling The Mirabeau, #1C (Classic Marketing LLC)
Interiors with beamed ceiling and glimpse of kitchen
Open kitchen with stainless steel appliances
From the Listing: Newly renovated one-bedroom prewar condo in a prime Upper West Side location! Residence #1C offers everything you need to make your home complete. The kitchen and bath are completely renovated, there are new floors, a washer/dryer, and central a/c. Sponsor sale - no board approval required. See floor plan and full details here.

Corner living/dining room with river views The Monarch, #44S (Brown Harris Stevens)
Stairwell connecting both levels
Private terrace with city views
From the Listing: Enter this south-facing triplex penthouse on the 44th floor to a gloriously bright and open living room with wood-burning fireplace and a terrace. The semi-open kitchen has a wall of east-facing windows providing light and views all day. Ascend the staircase to find two well-sized bedrooms with dazzlingly bright open views. Take the staircase up to your massive roof deck and behold the city below with forever views facing east, south and west. See floor plan and full details here.

Living room with beamed ceiling 114 East 90th Street, #1D (Douglas Elliman)
Dining area, foyer, and breakfast bar
Kitchen with stainless steel appliances
From the Listing: This loft like two-bedroom, two windowed bath (one en-suite) apartment has been fully upgraded! The oversized windowed kitchen features breakfast bar, all new stainless steel appliances, marble countertops, stone backsplash, and custom made high-end cabinetry. The apartment features separate dining room, ceilings over 9 feet; skim coated walls, LED lightings throughout, washer and dryer (vented), and all new hardwood floors. See floor plan and full details here.

Windowed open kitchen and dining area Cipriani Club Residences, #520 (The Corcoran Group)
Living room interiors
From the Listing: 55 Wall Street, 520, is a three-bedroom residence with en-suites and a powder room at the Cipriani Club Residences condominium, situated on the world’s most famous street with a rich history, in an iconic Classical Beaux-Arts masterpiece. The kitchen showcases elegant black granite countertops and a generous island counter, complemented by stainless steel appliances and ample storage space. The primary king-size bed ensuite boasts a seating area on the other end. See floor plan and full details here.

Living/dining area with beamed ceiling Prospect Tower, #2001 (The Corcoran Group)
East River views
From the Listing: This rarely available studio is located in 45 Tudor City Place on the 20th floor with "million dollar views" exclusively with this line. It is a bright corner apartment with two exposures of the river, east and north with light cascading through casement windows. The entire apartment maintains its original details and charm with beam ceilings, molding throughout with through the wall air conditioner. Electricity, gas, and heat are included in the monthly maintenance. Seller says sell! See floor plan and full details here.

34 West 89th Street 34 West 89th Street, #TH (Douglas Elliman)
Living room with fireplace
Open kitchen
Garden terrace
From the Listing: Make this 20-foot-wide brownstone your new home by converting the lower 3 floors into a stunning owner’s triplex with 2 income-producing units on the upper floors, or leave in the existing configuration with 6 separate rental units. With an impeccably preserved turn-of-the-century facade, this special home has been lovingly maintained and updated with sleek, contemporary finishes perfectly blended with original and repurposed architectural details. See floor plan and full details here.

Living room and open kitchen with garden access 316 22nd Street, #1B (Sotheby's International Realty)
Open, windowed kitchen
Private garden
From the Listing: This stunning duplex offers you a lifestyle of luxury and ease with dramatic 10” ceilings in the living space, with floor-to-ceiling collapsing windows that disappear and open your home up into the coveted treasure of your own private backyard. This home has wide 6” plank white oak floors and designer finishes flowing throughout the space, highlighted by the stunning southernly exposure. The custom designer kitchen was meticulously crafted to include top-of-the-line Samsung Bespoke appliances providing a modern space to unleash your culinary creativity. See floor plan and full details here.

Living room with exposed brick and arched entry 108 Franklin Street, #1 (Serhant LLC)
Open kitchen with terrace access
Private terrace
From the Listing: No detail was overlooked in the complete renovation of this magnificent home, which boasts an expansive private terrace, multiple grand living, dining, and entertaining spaces, an eat-in chef’s kitchen, home office, private gym/yoga studio, and a laundry room with two sets of washer/dryers. Outstanding loft features include soaring ceilings reaching approximately 12.5 feet high, stunning exposed brick with elegant archways, hardwood flooring, custom-designed copper spandrels, and grand windows, including two full walls of windows on the upper level, with doors leading to the large private terrace. See floor plan and full details here.

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