Multi-family

Situated at 71-73 Franklin Street in the heart of Tribeca, this 2-star mid-rise apartment building offers a rare chance to own a prime multifamily property in one of Manhattan’s most prestigious neighborhoods. With its strategic location, spacious units, and significant growth potential, this property is ideal for investors seeking long-term appreciation and steady rental income.

Property Overview:

• Address: 71-73 Franklin Street, New York, NY 10013
• Asking Price: $18,315,000 ($2,289,375/Unit)
• Sale Type: Investment
• Property Type: 2-Star Mid-Rise Apartments
• Location: Central Business District (CBD), Tribeca
• Units: 8
• Stories: 5
• Class: C
• Gross Building Area (GBA): 18,095 sq. ft.
• Typical Floor Area: 3,619 sq. ft.
• Number of Buildings: 1
• Units per Acre: 89/AC
• Market Segment: All
• Rent Type: Market

Key Features:

Prime Tribeca Location:
This property is located in the coveted Tribeca neighborhood, known for its luxury lifestyle, renowned dining, and cultural landmarks. Its proximity to major transportation hubs and downtown Manhattan ensures strong tenant demand and stable rental income.

Spacious Units for High-End Tenants:
With 8 generously sized units and a typical floor area of 3,619 sq. ft., this property caters to discerning renters seeking premium living spaces. Its layout provides flexibility for customization or upgrades to attract high-end tenants.

Boutique Appeal:
This single-building property with 5 stories and mid-rise charm offers a boutique living experience. It’s ideal for tenants looking for exclusivity and privacy in one of New York City’s most desirable neighborhoods.

Attractive Market Opportunity:
Operating with market-rate rents, this property allows for immediate income generation. Its central location and high demand ensure long-term value appreciation, making it a standout investment in Manhattan’s competitive multifamily market.

Conclusion:
71-73 Franklin Street presents an exceptional opportunity to own a mid-rise apartment property in Tribeca. With its prime location, spacious units, and market-driven rental income, this asset is a perfect addition to any investor’s portfolio. Don’t miss out on this rare chance to secure a property in one of Manhattan’s most sought-after neighborhoods!