$1,749,000
SOLD DEC 5, 2016
Last list price
2 Beds
2 Baths
1,040 Sq Ft
$1,289/mo HOA Fee

Recently Sold

150 Days on Market

Highlights

  • North Facing Home
  • 3-minute walk to Canal Street (4,5,6 Line)
  • 1-minute walk to Collect Pond Park
  • P.S. 124 Yung Wing Elementary Rated A

About This Home

As of December 2016

Enjoy Panoramic Views of New York City Skyline and Empire State Building from a high floor 2 Bedroom / 2 baths home with a private Balcony at 50 Franklin Street. This turnkey residence boasts fantastic light, 10 foot floor to ceiling tilt/turn windows, Oak Plank flooring and two marble baths.

The spacious Living room is great for entertainment and the Open Kitchen features Caesura Stone counter tops, beautiful White Lacquer Cabinets, Subzero Refrigerator & Wine Cooler, Bosch Stove and Dishwasher. The Master Bedroom has two large custom closets and en-suite bath with Travertine marble, natural stone and rain shower. The second bedroom is well proportioned across from a full marble bath. This home has individual controlled Central Air and a Bosch Washer & Dryer.

50 Franklin Street most sought after Full Service Luxury Condominium in Tribeca offers an array of amenities including: Landscaped Roof Deck with Barbecue Grills, Fitness Center, Multimedia Lounge, Pet Spa, Bike Room, individual Storage units and 24/7 Doorman & Concierge. A furnished private suite can be rented for your guests. Low common charges with 421-A tax abatement (until 2021).

Built in 2009, 50 Franklin designed by the renowned architect Ed Rawlings embodies the ultimate in clean, urbane New York with elements that refine minimalism. Inside thoughtful design and utilization of space allow for great comfort and luxurious living at its most attainable. An oasis in midst of the bustling activity of Soho, Chinatown and Financial District. Convenient to transportation and a mecca of restaurants nearby.

Last Agent to Sell the Property

Nutan Desai

Brown Harris Stevens Residential Sales LLC License #40DE0957493 Listed on: 06/08/2016

Brown Harris Stevens Residential Sales LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,112

Year Built

  • Built in 2009

Lot Details

  • North Facing Home

HOA Fees

  • $1,289 Monthly HOA Fees

Home Design

  • 1,040 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Community Details

  • 72 Units
  • 50 Franklin Condos
  • Tribeca Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,112

Year Built

Built in 2009

Lot Details

0

HOA Fees

$1,289 per month

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Living Area: 1040.0
  • Living Area Units: Square Feet
  • Rooms (Total): 4

Beds/Baths

  • Bathrooms Integer: 2
  • Bedrooms: 2

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 1289.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium

Building Info

  • New Construction: No
  • Building Name: 50 FRANKLIN
  • Units: 72
  • Year Built: 2009

Tax Info

  • Tax Block: NA
  • Tax Annual: 8112.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2016
Closed on
Nov 30, 2016
Sold by
Kgil Min Chung
Bought by
Beaton Jamie and Kushor Sharndre
Seller's Agent
Nutan Desai
Brown Harris Stevens Residential Sales LLC
List Price
$1,749,000
Current Estimated Value
$1,693,557

Purchase Details

Closed on
Jul 2, 2010
Sold by
48-52 Franklin Llc
Bought by
Kgil Min Chung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Interest Rate
4.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,695,000 --
Deed $1,050,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $3,266 No Value Available
Previous Owner $693,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Off Market $6,500 -- --
04/08/2021 04/08/21 Rented -- -- --
04/08/2021 04/08/21 Rented $6,500 0.0% --
03/09/2021 03/09/21 Under Contract -- -- --
02/26/2021 02/26/21 For Rent $6,500 -11.0% --
10/26/2020 10/26/20 Rented -- -- --
10/01/2020 10/01/20 Under Contract -- -- --
03/11/2020 03/11/20 For Rent $7,300 0.0% --
12/05/2016 12/05/16 Sold -- -- --
11/05/2016 11/05/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $1,749,000 -- $1,682 / 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 $25,071 $200,991 $11,798 $189,193
2024 $25,071 $200,539 $11,798 $188,741
2023 $24,056 $196,101 $11,798 $184,303
2022 $23,463 $193,809 $11,798 $182,011
2021 $22,884 $186,553 $11,798 $174,755
2020 $18,506 $208,262 $11,798 $196,464
2019 $18,532 $198,708 $11,798 $186,910
2018 $13,426 $198,410 $11,797 $186,613
2017 $12,623 $178,111 $11,798 $166,313
2016 $8,407 $173,178 $11,797 $161,381
2015 $602 $162,493 $11,798 $150,695
2014 $602 $147,550 $11,798 $135,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10408985

Real Estate Board of New York (REBNY)

APN: 0172-1466