185 Franklin St - Office FOR SALE


New York, NY 10013- Tribeca
$10,695,000 USD
212-230-5948
185 Franklin St, New York, NY for Sale
$10,695,000 USD
Office - FOR SALE
1/15
null | Request Cap Rate

185 Franklin St
New York, NY 10013
Tribeca


HIGHLIGHTS

  • Conversion Opportunity and User Potential
  • Prime Tribeca Neighborhood with Consistent Demand for High-End Residential Units
  • Executive Hub for Live-Work-Play
  • 6-story, 20-foot-wide 8,430 GSF loft with the potential to be delivered vacant

OVERVIEW

Avison Young, as exclusive agent, is pleased to offer for sale 185 Franklin Street (the “Property”), an 8,430 GSF (10,250 RSF) commercial building located on the south side of Franklin Street between Hudson and Greenwich Streets in the heart of Tribeca. Originally designed for a prominent wool and carpet merchant, the 6-story property is fully occupied by short term tenants, all of which have termination clauses. The Property offers investors a variety of business plans, including office repositioning, townhouse conversion, luxury condominiums or a boutique office HQ conversion, all while collecting income during the planning process. 185 Franklin serves as a rare opportunity to reposition a historic asset on one of Tribeca’s best blocks.

FOR SALE DETAILS

PRICE

$10,695,000 USD

PRICE/SF

$999 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1892

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C6-2A

APN/PARCEL ID

0181-0015

ASK ABOUT THIS PROPERTY

David ShalomAvison YoungMore Info
212-230-5948

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David ShalomAvison YoungMore Info
212-230-5948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.