Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

RENTED AT $4,425/mo

Listed at $4,500/mo · Rented 1.7% below asking · Leased September 10, 2020

Closed For Rent Condo

$4,500/mo

$6 per sq ft

5 Franklin Place #2C

Tribeca, Manhattan

MLS® #RLS10636865

RLS at REBNY

Listing by New York Living Solutions - Keller Williams New York City

NYC FARE Act Notice: Under NYC Local Law 119 (effective June 2025), if the landlord hired the broker, the tenant is not responsible for the broker fee. Ask about fee responsibility before scheduling a viewing.

Studio

1

Bath

720

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms Studio
Bathrooms 1
Living Area 720 sq ft
Year Built N/A
Ownership Condo
Neighborhood Tribeca
Floor 2

Property Highlights

  • Style: Prewar,Loft architecture
  • Climate Control: Central Air

Property Details

Type Condo
Ownership Condominium
Total Rooms 2
Baths 1 Full
Floor 2
Cooling Central Air
Pets Yes
Cross Street Franklin Place & Franklin St.
Living Area 720 sq ft
Architectural Style Prewar,Loft
Parcel # 0175-1504

Listing History

Event Date Price Change
Listed Jun 8, 2020 $4,500 -
Currently May 1, 2026 $4,500 -

Description

Absolutely beautiful, luxury loft apartment in the stunning, 5 Franklin Place boutique condominium building.

No Broker Fee

This 720 square foot luxury apartment has some of the nicest finishes in Tribeca; 5-inch plank oak hardwood floors, great closet space, and a full size washer and dryer in the unit.
The open chef's kitchen is well thought out for every day living and entertaining and features: Poggenpohl cabinetry, an integrated Subzero refrigerator, and Bosch stove and dishwasher.
The bathroom is very spacious and features hand-laid imported marble. This loft has an alcove area creating a bedroom/den that is big enough for a queen size bed.

Franklin Place is located on a quiet block north of Franklin Street in Tribeca; New York city's most desirable neighborhood.
Building amenities includes:

- Full time Concierge/Doorman
- On-Site Parking
- On-Site Maintenance Staff
- Landscaped Roof Deck
- Open Roof Top Swimming Pool and Cabanas
- Bicycle Room
- State-of-the-Art Gym
- Children's Playroom
- Private Storage Spaces

It simply doesn't get much better than this.





Features & Amenities

Interior Features

Building Washer Dryer Install Allowed Common Area Wheelchair Access

Exterior Features

Building Roof Deck

Appliances

Dryer Dishwasher Washer

Rental Details

Available

9/21/2020

Fee Disclosure NYC FARE Act

Estimated Move-In Costs

First Month's Rent

$4,500

Security Deposit

$4,500

Application Fee

$20

Under NYC's FARE Act (Local Law 119), if the landlord hired the broker, the tenant is not responsible for the broker fee. Always confirm fee responsibility before signing.

Short-Term Rental Potential

Estimated income if operated as a compliant short-term rental under NYC Local Law 18:

$375
Est. nightly rate
65%
Avg. occupancy
$7,313
Est. monthly gross

Estimates only. Requires NYC DCWP registration (Local Law 18). Most co-ops and condos prohibit STR via bylaws. Verify with building management and an attorney before listing. Past income is not guaranteed.

Tribeca (the Triangle Below Canal) is synonymous with ultra-luxury and understated elegance. Once an industrial district, it is now home to some of the city's most expensive and sought-after real estate. The neighborhood is defined by its massive cast-iron loft buildings, cobblestone streets, and nearby public schools. Residents enjoy a discreet lifestyle in expansive lofts or in world-class new developments designed by 'starchitects' along the Hudson River waterfront.

Tribeca Live Market Data

View Neighborhood

Active Listings

165

Median Asking Price

$4.30M

Median $/Sqft

$2,112

Avg Days on Market

N/A

New This Week

14

Price Reduced

24%

Sold (30 Days)

12

Median Sale Price

$3.40M

Live data from RLS at REBNY • Updated 5/1/26, 5:52 AM EST

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Location

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5 Franklin Place #2C, Tribeca, New York County • Near Franklin Place & Franklin St.

Virtual Tour

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Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1920
Year Built
106 years old
19
Floors
51
Residential Units
C6-4A
Zoning District
Condominiums

Tax & Assessment

Assessed Value: $22,320,902
Land Value: $628,202
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 7,511 SF
Building Area: 83,596 SF
Built FAR: 11.13
Allowed FAR: 10

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

This property has 0 bedrooms and 1 full bathroom.

The listed interior living area is 720 square feet. Verify dimensions independently during due diligence.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

At the current list price of $4,500 for 720 sq ft, the asking price per square foot is approximately $6. This figure is for reference only and may differ from appraised or assessed values.

To schedule a viewing, contact Milton Coste at (917) 416-7433 or [email protected].

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS10636865
First Listed: 6/8/2020
Closed: 9/10/2020
Contract Date: 6/8/2020

Listing Courtesy of New York Living Solutions - Keller Williams New York City - Robert Nicol

Listing Contact: (347) 624-8341

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/1/2026 at 9:52 AM UTC

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