NOT LISTED FOR SALE

Estimated Value: $1,865,000 - $2,682,000

1 Bed
2 Baths
1,275 Sq Ft
$1,745/mo HOA Fee

Last Sold July 01, 2021

Last sale price $2,195,000 $1,722 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $16,394/month

12 Days on Market

Highlights

  • Rooftop Deck
  • 3-minute walk to Canal Street (N,Q,R Line)
  • Central Air
  • P.S. 397 Spruce Street School Rated A
  • Entrance Foyer
  • 4-minute walk to Tribeca Park

About This Home

As of July 2021

The chicness of TriBeCa comes to life at 5 Franklin Place, a sleek new condominium standing 19 stories in the heart of the vibrant neighborhood. Loft-like 5C is an exceptional one-bedroom, two-bathroom apartment that affords luxurious downtown living on a coveted cobblestone street. The stunning residence is marked by walls of windows, 9'5"+ ceiling heights, 5'oak hardwood floors, striking wallpapered columns, chic industrial lighting, and a gracious open layout for easy living, dining, and entertaining. A beautiful oversized open kitchen is modern in design and tailored to cook, featuring Poggenpohlcabinetry, a huge Calacatta marble island, dual ovens, range and dishwasher by Bosch, a concealed Sub-Zero refrigerator, and a wine cooler.

The large airy entry foyer is perfect for use as a home office space, off of which sits an elegant full bath adorned with hand-laid imported marble. Unwind in your king-size primary bedroom overlooking handsome architecture through picture windows. A spacious walk-in closet and dressing area with big double closets accommodate generous storage of your personal belongings. Luxuriate in the high-end en-suite bath clad in hand-laid imported marble, styled with a double-sink vanity, soaking tub, and separate walk-in shower enhancing the spa experience. Other highlights are an in-home washer/dryer, central AC, Control 4 shades and blackouts in the bedroom, a Sonos-controlled sound system, and an incredible 65 sq ft storage room accessed from both the apartment and 5th-floor hallway.

Built in 2015, 5 Franklin Place was designed by world-renowned architects ODA, with interiors thoughtfully conceived by the distinguished Andres Escobar. Amenities include a full-time concierge/doorman, live-in super, on-site parking garage, landscaped roof deck with a heated pool & cabanas, state-of-the-art gym, playroom, private storage, and bicycle storage. The prime location between Franklin and White Streets is in close proximity to upscale shops and restaurants, lovely parks, and convenient public transportation.

There is currently a capital assessment starting April 2021 for the next 3 months for $663.89/ month.

Last Agent to Sell the Property

Stephen Ferrara

Compass License #10401243834 Listed on: 03/29/2021

Compass

Co-Listed By

Clayton Orrigo

Compass License #10401238394

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,016

Year Built

  • Built in 2015

HOA Fees

  • $1,745 Monthly HOA Fees

Parking

  • Garage

Interior Spaces

  • 1,275 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • East Facing Home
  • Central Air

Listing and Financial Details

  • Legal Lot and Block 31 / 175

Community Details

Overview

  • Tribeca Subdivision
  • 20-Story Property

Amenities

  • Rooftop Deck

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,016

Year Built

Built in 2015

Lot Details

0

HOA Fees

$1,745 per month

Listing Details

  • Cross Street: Franklin Street/White Street
  • Exposures: East
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Entry Level: 5
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 20

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1275.0
  • Living Area Units: Square Feet
  • Rooms (Total): 3

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • Exterior Features: Building Roof Deck

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Washer Dryer Install Allowed
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1745.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Size Dimensions: 0.0 x 0.0

Building Info

  • New Construction: No
  • Total Stories: 20
  • Year Built: 2015

Tax Info

  • Tax Block: 175
  • Tax Lot: 31
  • Tax Annual: 23016.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Jun 30, 2021
Sold by
5Franklin5c Llc
Bought by
Foster Family Trust
Seller's Agent
Stephen Ferrara
Compass
List Price
$2,195,000
Sold Price
$2,195,000
Current Estimated Value
$2,223,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,601
Avg. Annual Appreciation
0.17%
Original Mortgage
$1,245,000
Outstanding Balance
$1,134,531
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,075,450

Purchase Details

Closed on
Jan 25, 2016
Sold by
Broadway 371 Llc
Bought by
5Franklin5c Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,399,200
Interest Rate
4.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Foster Family Trust $2,175,000 --
5Franklin5c Llc $1,783,465 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foster Family Trust $1,245,000
Previous Owner 5Franklin5c Llc $1,399,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2021 07/01/21 Sold $2,195,000 0.0% $1,722 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $2,195,000 -- $1,722 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,433 $236,715 $7,838 $228,877
2024 $28,433 $227,431 $7,838 $219,593
2023 $27,106 $220,965 $7,838 $213,127
2022 $25,907 $242,339 $7,838 $234,501
2021 $23,891 $194,757 $7,838 $186,919
2020 $23,404 $215,715 $7,838 $207,877
2019 $21,930 $210,868 $7,838 $203,030
2018 $20,490 $195,052 $7,838 $187,214
2017 $19,259 $169,631 $7,838 $161,793
2016 $13,082 $101,599 $7,838 $93,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10708030

Real Estate Board of New York (REBNY)

APN: 0175-1514