$24,500,000

106 Franklin Street, New York, Ny 10013

  • 15 Chambres
  • 15 SdB
  • 11,891 Sqft
  • 2,520 Sqft lot
  • Mis à jour: Avril 27
  • 104
    Vues des 30 derniers jours
  • 18
  • MLS#23772823

À propos de la propriété

La description a été traduite automatiquement.
La description est affichée dans la langue d'origine.
Prime Multi-Family Asset, Built 25’ x 95’

Seldom does an opportunity materialize to acquire a core multi-family asset on Franklin Street, a coveted block in Manhattan’s premier enclave: Tribeca. Virtually non-existent in the current market, this property represents the epitome of safe-haven real estate. It’s a product type that remains in demand by global investors, private wealth offices
Prime Multi-Family Asset, Built 25’ x 95’

Seldom does an opportunity materialize to acquire a core multi-family asset on Franklin Street, a coveted block in Manhattan’s premier enclave: Tribeca. Virtually non-existent in the current market, this property represents the epitome of safe-haven real estate. It’s a product type that remains in demand by global investors, private wealth offices, and institutional funds.

Comprising four expansive, full-floor, loft-style 3-bedroom residences, plus a first floor duplex with its own outdoor space, this 100% leased building combines historical Tribeca pedigree with contemporary features.
  • On a prime Tribeca block, this asset sits at the intersection of global wealth and cultural influence.
  • Record-Breaking Fundamentals: Q1 and Q2 2026 have recorded the highest median Manhattan rent in history. The market is currently experiencing a significant supply-demand imbalance, favoring owners of high-end inventory.
  • 3-Bedroom Alpha: While the broader market is climbing, the 3-bedroom sector has outperformed, accelerating 24% year-over-year, significantly outpacing gains for smaller units.
  • Immediate Yield Expansion: Three of the five active leases are scheduled to reset across consecutive months this summer. This provides a near-term path to capturing significant additional income and a substantially more attractive cap rate.
  • Seamless Transition: Current ownership has established a reporting structure and process that will ensure a frictionless handoff for the incoming investor.
The Asset: Sophistication Meets Scale
The building has undergone a comprehensive capital improvement program, de-risking the investment for the next cycle.
  • Mechanical Excellence: High-efficiency hot water heaters and significant elevator infrastructure upgrades.
  • Aesthetic Refresh: A newly renovated lobby and entryway provide a ”high-profile” arrival experience consistent with the neighborhood’s luxury standards.
  • Lifestyle Amenities: A gorgeous furnished roof deck offers residents expansive outdoor space, a critical driver for premium rents in the current market.
  • The Residences: Units 2, 3, 4, and PH are full-floor layouts. Each features a 3-bedroom gourmet kitchen and open plan concept designed specifically for the tenant profile that Tribeca attracts.
Market Context: Investing Now
With exceedingly tight rental inventory and an arduous process to bring new development concepts to market, existing core assets like this have become the primary target for well-capitalized investors.

Financials and Setup:
  • Occupancy: 100%
  • Unit Mix: Four (4) Full Floor 3-BR/3Bath Units, plus One (1) First Floor Duplex with private outdoor space
  • Lease Reset: Summer 2026 (3 units in consecutive months)
  • Neighborhood: Tribeca (Franklin Street)
  • Type de propriété

    Maison

  • Année de construction

    1915

  • Prix/pied²

    $2,060

Caractéristiques

  • Ascenseur
  • Terrasse
  • Moderne
  • Constructions neuves
  • Immobilier d’investissement
  • Duplex
  • Espace de vie extérieur
  • Îlot de cuisine
  • Rénové
Caractéristiques

Lot

  • Constructions neuves
  • Duplex
  • Immobilier d’investissement
  • Rénové
  • Moderne

Intérieur

  • Îlot de cuisine
  • Ascenseur
  • Comptoirs en pierre

Outdoor

Explorez le secteur

106 Franklin Street, New York, NY 10013, État de New York, États-Unis Voir sur Google Maps
Prix par sqft
Faible
Élevé

Voir 3,352 autres annonces à Manhattan

Carrie Chiang Carrie Chiang background
Inscrit il y a 7 ans
Votre message
Vous vous êtes renseigné sur ce bien

L'agent vous contactera bientôt par

Publié par

Carrie Chiang
New York, United States
Voir le profil de l'agent
Carrie Chiang Carrie Chiang background
29
Annonces
2020
Inscrit

Réserver une visite avec Carrie Chiang

Choisissez une date et si vous souhaitez une visite virtuelle ou en personne avec l’agent.

In-person tour
Date préférée
Type de visite
Corcoran East Side
Corcoran East Side
590 Madison Ave 8th Floor, 10022, New York, New York, United States
Voir le profil de l’agence
Dernière mise à jour
Avril 27
Première mise en ligne
Apr 13
Référence de l’annonce
98yvl4

Démarrer un appel téléphonique avec :

Bonjour, j'appelle au sujet du bien avec la référence 98yvl4, que j'ai vu sur JamesEdition.

Après l'appel, nous transmettrons vos coordonnées à l'agent pour faciliter la communication.

brokerages we
partnered with