Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
137 Franklin Street #1
Interested in this property?
Active For Sale Condop

$4,995,000

137 Franklin Street #1

Tribeca, Manhattan

MLS® #RLS20089502

RLS at REBNY

Listing by Compass

Open House Scheduled

Saturday, May 9 • 12:30 PM – 1:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

3

Bedrooms

2.5

Baths

N/A

Sq. Ft.

2011

Year Built

Quick Summary

Bedrooms 3
Bathrooms 3 full, 1 half
Year Built 2011
Ownership Condop
HOA/Common Charges $3,394/mo
Property Taxes $40,536/yr
Neighborhood Tribeca
Floor 1 of 6

Property Highlights

  • Exposure: East,South facing
  • Outdoor Space: Patio, Terrace
  • Fireplace: 1 fireplace

Property Details

Type Condop
Ownership Condop
Total Rooms 8
Baths 2 Full, 1 Half
Floor 1 of 6
Exposure East,South
Pets Yes
Year Built 2011
Structure Type Triplex
Flooring Hardwood
Furnished Unfurnished
Parcel # 0179-0068-00137-000-0000001
Block/Lot 00179/0068

Listing History

Event Date Price Change
Listed May 7, 2026 $4,995,000 -
Currently May 7, 2026 $4,995,000 -

Description

One of a kind triplex Tribeca maisonette with outdoor space under $5M! Located on one of Tribeca’s most coveted blocks, this approximately 2,587-square-foot triplex (plus about 600 square feet of private outdoor space) loft offers a rare blend of classic New York City architecture and modern design. Featuring soaring ceilings, expansive windows, and a stunning private garden/yard, this custom-built maisonette is both elegant and functional. Enter through a private foyer on the ground level via the virtual doorman and a key fob access. The home greets you with an entry hallway, powder room, and tons of coat storage. Immediately you are struck by the enormous casement windows that mark the architecture of the building; open space to the east of the building and southeastern exposures mean this home is truly bathed in sunlight. The home then flows into the open kitchen/dining area, complete with chef's appliances by SubZero, Miele, and Thermador. It is complemented by sleek marble countertops and abundant cabinet space. The main level includes a spacious living room centered around a marble-encased gas fireplace, framed by double-height ceilings and flooded with natural light. An open-air staircase leads to the second level, which houses a luxurious primary suite with a full bath and built-in closet, along with a second bedroom and en-suite bath. The primary bath features a white marble design with double vanities, a glass-enclosed steam shower, and premium fixtures. The owners have also created a third bedroom/home office on this floor, creating a well-apportioned upstairs. The lower level offers a large media den and laundry room, perfectly suitable for a theater, playroom, additional bedroom space, or any other option! Wide-plank dark hardwood floors that all have under-floor radiant heating extend throughout the living area, staircase, and bedrooms. A state-of-the-art home automation system controls lighting, window treatments, entertainment, and radiant floors. Glass doors from the living room open to a private 19-by-21-foot garden, an ideal space for relaxation or entertaining. 137 Franklin Street is a boutique building with just three residences, built in 2012 in a style approved by the Landmarks Preservation Commission to blend seamlessly with Tribeca’s historic charm. Located at the corner of charming cobblestone streets, this prime address offers unparalleled access to world-class dining, Hudson River Park, and a subway entrance just steps away.

Features & Amenities

Interior Features

Built In Features Double Vanity Entrance Foyer High Ceilings Soaking Tub Common On Floor Common Area In Unit Flooring: Hardwood Fireplace (1)

Exterior Features

Building Roof Deck Private Outdoor Space Over60 Sqft Patio Terrace

Building Amenities

Elevators

Appliances

Dryer Dishwasher Washer

Building Information

Building Data View Compliance & Permits
Total Units 3
Stories 6
Structure Triplex

Financial Details

Common Charges $3,394/mo
RE Taxes $40,536/yr ($3,378/mo)
Land Lease Yes

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

13

Median Asking Price

$7.50M

Median $/Sqft

$2,158

Avg Days on Market

N/A

New This Week

1

Price Reduced

54%

Sold (30 Days)

3

Median Sale Price

$12.00M

Live data from RLS at REBNY • Updated 5/7/26, 9:29 AM EST

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Location

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137 Franklin Street #1, Tribeca, New York County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

2011
Year Built
15 years old
6
Floors
3
Residential Units
C6-2A
Zoning District
Elevator Apartments

Tax & Assessment

Assessed Value: $2,514,600
Land Value: $666,000
Exemptions: $0

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

Lot Area: 2,224 SF
Building Area: 12,127 SF
Built FAR: 5.45
Allowed FAR: 6.02

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 $3,394 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $40,536, or roughly $3,378 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 2011, making it approximately 15 years old.

This listing is a condop, a hybrid structure where the building is legally a co-op but individual units are sold with greater flexibility, often including subletting rights similar to condos.

Pet policy requires confirmation with the listing broker.

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: RLS20089502
First Listed: 5/7/2026
On Market: 5/7/2026
Price Changed: 5/7/2026
Contract Date: 12/4/2024

Listing Courtesy of Compass - Ian Slater

Listing Contact: (646) 645-8192

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 5/7/2026 at 1:29 PM UTC

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