Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433

SOLD FOR $2,900,000

· Closed April 9, 2026

5 Franklin Place #3A
Closed For Sale Condo

$2,900,000

$1,474 per sq ft

5 Franklin Place #3A

Tribeca, Manhattan

Franklin Place

MLS® #RLS20016598

RLS at REBNY

Listing by Compass

3

Bedrooms

3.5

Baths

1,967

Sq. Ft.

2015

Year Built

Quick Summary

Bedrooms 3
Bathrooms 4 full, 1 half
Living Area 1,967 sq ft
Year Built 2015
Ownership Condo
HOA/Common Charges $3,872/mo
Property Taxes $47,544/yr
Parking Garage
Neighborhood Tribeca
Floor 3 of 19

Property Highlights

  • Parking: Private garage

Property Details

Type Condo
Ownership Condominium
Total Rooms 5
Baths 3 Full, 1 Half
Floor 3 of 19
Pets Yes, CatsOk, DogsOk
Year Built 2015
Living Area 1,967 sq ft
Parking Garage Available
Parking Features Garage
Structure Type HighRise
Furnished Unfurnished
Parcel # 0175-1506
Block/Lot 00175/1506

Listing History

Event Date Price Change
Listed Apr 15, 2025 $3,150,000 -
Price Reduced Apr 16, 2026 $3,000,000 -4.8%
Currently May 28, 2026 $2,900,000 -3.3%

Description

Modern Elegance Meets Tribeca Charm Tucked away on a quiet cobblestone block, this pristine 3-bedroom, 3.5-bathroom residence blends sophistication with timeless Tribeca appeal. Set within a boutique, full-service building, the home features soaring ceilings, wide-plank hardwood floors, and oversized west-facing windows that fill the space with afternoon light. The chef’s kitchen is a standout, equipped with two Bosch ovens, a gas cooktop, Bosch dishwasher, Sub-Zero refrigerator, wine storage, garbage disposal, Poggenpohl cabinetry with a pantry, and stunning marble countertops and backsplash. The serene primary suite offers with two oversized walk-in closets and a spa-like bath with a double vanity, soaking tub, and separate glass-enclosed shower. Secondary bedrooms each include en-suite bathrooms finished with imported hand-laid marble and premium Waterworks fixtures. Additional features include a large laundry room with full-size washer and dryer, a stylish powder room and generous closet space throughout. 5 Franklin Place is a striking condominium designed by ODA and interiors by Andres Escobar, offering an array of upscale amenities: 24-hour doorman, live-in resident manager, fitness center, children’s playroom, bicycle storage, and a spectacular rooftop oasis with a heated pool, cabanas, and skyline views. Surrounded by world-class dining, shopping, and culture, the building is moments from SoHo, FiDi, Hudson Square, and multiple subway lines. Pets are welcome.

Features & Amenities

Interior Features

In Unit See Remarks

Exterior Features

Building Barbecue Building Roof Deck

Building Amenities

Bike Storage Common Playroom Concierge Elevators Fitness Center

Building Information

Building Franklin Place
Building Data View Compliance & Permits
Total Units 51
Stories 19
Structure HighRise

Financial Details

Common Charges $3,872/mo
RE Taxes $47,544/yr ($3,962/mo)
Original Price $3,150,000
Sale Price $2,900,000
Previous Price $3,000,000

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

158

Median Asking Price

$4.32M

Median $/Sqft

$2,241

Avg Days on Market

N/A

New This Week

9

Price Reduced

28%

Sold (30 Days)

14

Median Sale Price

$4.10M

Live data from RLS at REBNY • Updated 5/28/26, 7:03 PM EST

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Location

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5 Franklin Place #3A, Tribeca, New York County

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

The current listed common charges are $3,872 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $47,544, or roughly $3,962 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 3 full bathrooms and 1 half bathroom.

The listed interior living area is 1,967 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2015, making it approximately 11 years old.

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 $2,900,000 for 1,967 sq ft, the asking price per square foot is approximately $1,474. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20016598
First Listed: 4/15/2025
On Market: 4/15/2025
Price Changed: 4/16/2026
Closed: 4/9/2026
Contract Date: 4/1/2025

Listing Courtesy of Compass - HOLLY P PARKER

Listing Contact: (917) 587-7288

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/28/2026 at 11:03 PM UTC

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