185 Franklin St 10,706 SF 100% Leased Office Building New York, NY 10013 $10,695,000 ($998.97/SF)
INVESTMENT HIGHLIGHTS
- Conversion Opportunity and User Potential
- Executive Hub for Live-Work-Play
- Prime Tribeca Neighborhood with Consistent Demand for High-End Residential Units
- 6-story, 20-foot-wide 8,430 GSF loft with the potential to be delivered vacant
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to offer for sale 185 Franklin Street (the “Property”), an 8,430 GSF (10,250 RSF) commercial building located on the south side of Franklin Street between Hudson and Greenwich Streets in the heart of Tribeca. Originally designed for a prominent wool and carpet merchant, the 6-story property is fully occupied by short term tenants, all of which have termination clauses. The Property offers investors a variety of business plans, including office repositioning, townhouse conversion, luxury condominiums or a boutique office HQ conversion, all while collecting income during the planning process. 185 Franklin serves as a rare opportunity to reposition a historic asset on one of Tribeca’s best blocks.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,706 SF
Building Class
C
Year Built/Renovated
1892/2015
Price
$10,695,000
Price Per SF
$998.97
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
1,784 SF
Slab To Slab
10’
Building FAR
6.00
Lot Size
0.04 AC
Zoning
C6-2A - C6-2A District
AMENITIES
- Bus Line
- Metro/Subway
1 of 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 0181-0015 | Improvements Assessment | $590,400 |
| Land Assessment | $152,100 | Total Assessment | $742,500 |
