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Full-Floor Apartment Building
For Sale
$24,500,000

106 FRANKLIN Street, New York City, NY 10013

Five residences include four full-floor loft layouts and a duplex with private outdoor space.

Property Size11,891 SF
Days on Market120

Property Features for 106 FRANKLIN Street

General Information

Standard status Active
Size 11,891 SF
Elevators Yes
Property subtype Multi Family
Occupancy 100%

Units

Unit Mix 4 x 3BR/3BA, 1 x Duplex
Multifamily Units 5

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $248,556

Amenities

roof deck

Building Details

Building Size 11,891 SF
Year Built 1915
Buildings 1
Listing Agency: Corcoran Group
Listed By: Carrie Chiang · License #30CH0809543
Source: Tricialee
Added: Apr 13 Changed: Aug 3 Last Checked: Aug 10 at 9:45AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group

Investment Insights

Based on property information with market context.

This 1915 apartment building contains five residences: four full-floor, loft-style three-bedroom and three-bath units, along with a first-floor duplex that includes private outdoor space. The building measures 25 feet by 95 feet and is 100% leased. Unit interiors feature gourmet kitchens and open-plan layouts. A furnished roof deck provides additional resident amenity space.

Recent capital improvements include high-efficiency hot water heaters, elevator infrastructure upgrades, and a renovated lobby and entryway. Three of the five active leases are scheduled to reset in consecutive months during summer 2026. The property is located at 106 Franklin Street in New York City’s Tribeca neighborhood.

Key Highlights

  • Five residences with four full‑floor 3‑bedroom/3‑bath units and one first‑floor duplex
  • 100% leased apartment building with three leases scheduled to reset in consecutive months during summer 2026
  • 25' x 95' building constructed in 1915

Property Analytics

Current Use

Creon Art Art Gallery

Suggested Use

Top Pick Nursing Home Pet Grooming Service Buffet Clothing & Fashion Store Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
100%
Occupancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

31,868
Businesses Nearby

Demographics for 10013, NY

31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five residences include four full-floor loft layouts and a duplex with private outdoor space.
Where is this apartment building located?
The property is located at 106 FRANKLIN Street New York City, NY.
What is the asking price?
The asking price for this property is $24,500,000.
What are key features of this property?
This property features: Five residences with four full‑floor 3‑bedroom/3‑bath units and one first‑floor duplex; 100% leased apartment building with three leases scheduled to reset in consecutive months during summer 2026; 25' x 95' building constructed in 1915
More about this property
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