NOT LISTED FOR SALE

5 Franklin Place New York, NY 10013

Tribeca Neighborhood

Estimated Value: $2,455,000 - $2,782,000

2 Beds
2.5 Baths
1,551 Sq Ft
2015 Built

Last Sold October 05, 2021

Last sale price $2,700,000 $1,741 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $19,002/month

28 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 October 2021

Outstanding gracious 2 Bedroom 2.5 Bath dream home offering at 5 Franklin Place, one of Tribeca's premiere new full-service luxury condominiums.

A formal Foyer opens into a spectacular Great Room that offers tremendous living space for hosting large parties or family gatherings. Adjacent to the Great Room is a large Chef's Show Kitchen with a large eat-on waterfall peninsula and every state of the art kitchen appliance. The 2nd Bedroom Suite has an ensuite Bath, custom fit walk-in closet, and electric shades. The Primary Suite is entered down a privacy hall and offers 2 large custom fit walk-ins, 5 piece ensuite bath with soaking tub, and a deep Primary Bedroom that allows for its own ensuite Sitting Area. Central air conditioning, washer dryer, hardwood floors, custom closets and electric shades throughout complete this home. A 32 square foot storage unit is available for purchase.

5 Franklin Place offers an incredible amenity package with concierge, doorman, live-in resident manager, gym, children's playroom, parking, bike storage, and an exceptional rooftop pool and terrace.

Last Agent to Sell the Property

Matthew Coleman

Coleman Real Estate Group License #10491204586 Listed on: 07/14/2021

Co-Listed By

Christopher Scianni

Coleman Real Estate Group License #10401217040

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,397

Year Built

  • Built in 2015

HOA Fees

  • $2,386 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Entry on the 11th floor

Interior Spaces

  • 1,551 Sq Ft Home
  • Entrance Foyer

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • North 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

$24,397

Year Built

Built in 2015

Lot Details

0 Sq Ft Lot

HOA Fees

$2,386 per month

Listing Details

  • Cross Street: Franklin Street/White Street
  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Entry Level: 11
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 20

Interior Features

  • Interior Features: Entrance Foyer
  • Appliances: Dryer, Washer
  • Living Area: 1551.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Integer: 3
  • Bedrooms: 2

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: 2385.83
  • 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: 24396.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 5, 2021
Sold by
Alibhai Aly and Fazal Shazma
Bought by
5 Franklin Nyc Llc
Seller's Agent
Matthew Coleman
Coleman Real Estate Group
List Price
$2,700,000
Sold Price
$2,700,000
Current Estimated Value
$2,629,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$70,081
Avg. Annual Appreciation
-0.59%

Purchase Details

Closed on
Mar 7, 2016
Sold by
Broadway 371 Llc
Bought by
Alibhai Aly and Fazal Shazma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
5 Franklin Nyc Llc $2,700,000 --
Alibhai Aly $2,300,736 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alibhai Aly $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $2,700,000 0.0% $1,741 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $2,700,000 -- $1,741 / Sq Ft
Source: Real Estate Board of New York (REBNY)

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 $35,195 $293,005 $9,702 $283,303
2024 $35,195 $281,514 $9,702 $271,812
2023 $33,551 $273,510 $9,702 $263,808
2022 $32,068 $299,967 $9,702 $290,265
2021 $29,572 $241,070 $9,702 $231,368
2020 $23,900 $267,012 $9,702 $257,310
2019 $12,219 $261,012 $9,702 $251,310
2018 $25,363 $241,435 $9,702 $231,733
2017 $23,839 $209,968 $9,702 $200,266
2016 $16,193 $125,759 $9,702 $116,057
Source: Public Records

Agents Affiliated with this Home

  • Matthew Coleman

    Seller's Agent in 2021

    Matthew Coleman

    Coleman Real Estate Group

    (212) 677-4040

    6 in this area

    36 Total Sales

    Matthew Coleman
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Christopher Scianni

    Coleman Real Estate Group

    (917) 536-5831

    2 in this area

    17 Total Sales

    Christopher Scianni
    Section Image
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About 5 Franklin Place

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10731952

Real Estate Board of New York (REBNY)

APN: 0175-1533

New York New York County New York 10013

Tribeca

Not Listed for Sale

Condos

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Real Estate Board of New York (REBNY) This 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.

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