Updated 11 years ago
Sold
114 Franklin Street
Tribeca, Manhattan | Church Street & West Broadway
11,375 Square FeetRental Property
$6,995,000
floors / apts5 / 5
Lot Size25'x95'
Built Size25'x88'
Building TypeLoft
Price Per SF
$615
This property was sold for $6,900,000 on 01/05/07.
Listing Features
- Oil Heat
Building Amenities
- Voice Intercom
- Elevator
Property Description for 114 Franklin Street
> Five-story store and loft building built 25-foot plus wide.
> The building contains approximately 11,375 gross SF above grade and lies in a C6-2A zone within the TriBeCa Historic District. Mixed-Use.
> The building has a restaurant tenant on the ground floor (LXP 4-30-08), a commercial tenant on the second floor & 2 IMD tenants and a vacant apartment on the upper floors.
> The building has a projected gross income of $282,300.
> Expenses are estimated at $82,100. The projected NOI is $200,200.
> The design of this building, exhibiting elements of both the Italianate and Second Empire styles, is identical to that of its neighbor at 112 Franklin Street.
> This building was constructed in 1868 for Elliot C. Codwin.
> The Faced in marble, this building has three bays of molded window openings per story above the base, each with a stilted, segmentally-arched head.
> Prominent sill courses divide each story and a sheer-metal cornice crowns the façade.
> The Restaurant Lease expires 4/30/08.
Building Details for 114 Franklin Street
OwnershipRental Property
Building TypeLoft
Service LevelVoice Intercom
AgePre-War
AccessElevator
Year Built1868
Floors/Apts5/5
Transit and Citi Bike
Subway
Franklin St
0.06 miles
Canal St
0.15 miles
Canal St
0.23 miles
Chambers St
0.28 miles
Canal St
0.28 miles
Citi Bike
Franklin St & W Broadway
0.04 miles
6 Ave & Walker St
0.08 miles
Tribeca | Manhattan
Quick Profile
TriBeCa, named after the small geographic triangle below Canal Street. It’s not really a triangle, it's a quadrilateral and it's bounded by West Street, Broadway, and Chambers Street. It’s a little too late for a name change and besides, QuaBeCa doesn't sound half as cool as Tribeca.
One of New York City’s more notable acronymed neighborhoods, TriBeCa is known for its trendy boutiques, fabolous restaurants, historical landmarks, and resident celebrity lofts. It still holds the title of one of the coolest places to live in New York City.
TriBeCa is one of the first residential neighborhoods of New York City. Way back in 1700’s wealthy New Yorkers built homes and maintained gardens in what is now TriBeca.
Later in history it shifted from residential to warehouses, commerce and markets. After the Civil War, shipping hubs moved from the East River to the Hudson River and revitalized areas like the South Street Seaport and TriBeca. When shipping and commerce increased, the area soon became a favorite spot for wholesalers to store their goods in large industrial warehouses.
Just like its neighbor SoHo, TriBeCa boasts one of the world’s largest collections of wrought-iron facades and Neo-Grecian architecture.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 23171TH
Find home. Discover happiness.