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    68 Franklin St New York, NY 10013

    Sponsored
    For Lease
    $85 SF/Yr

    Prime Lower Manhattan Flex Space Available

    Lot size:
    5,634 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,134 square foot retail space at 68 Franklin Street in Lower Manhattan offers a unique opportunity for businesses seeking a vibrant location. Built in 1900 and renovated in 2012, the property boasts a flexible layout with 2,184 square feet on the main level and a 950 square foot mezzanine. Its prime location on Franklin Street provides tremendous visibility and branding opportunities, benefiting from high foot traffic from residents, tourists, and office workers alike. The space is ideally situated near multiple subway lines (N, Q, R, W, J, Z, 1, and 6) and bus routes, ensuring excellent accessibility. The building offers the potential for venting installation and has existing gas lines. The total building size is 5,634 square feet, and the property is configured for multiple tenants. This is an exceptional opportunity to establish a presence in a thriving Lower Manhattan submarket. The space is ready for immediate occupancy and presents a rare chance to secure a well-located, versatile commercial space in a highly desirable area of New York City. The zip code is 10013.

    Property Features for 68 Franklin St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,634 SF
    Total Rate
    39907.5

    Building Details

    Year Built/Renovated
    1900/2012

    Unit(s) available at that property

    Space
    Store
    Size
    3,134 SF
    Rate per SF
    $85
    Property Profile Location Intelligence

    Current Use by Public Records

    Astroläbe Contemporary Art Gallery

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -74.00397070012
    Latitude
    40.717653593628

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    FAQs

    What type of property is this?
    Flex space - Prime Lower Manhattan Flex Space Available
    Where is this flex space located?
    The property is located at 68 Franklin St New York, NY.
    What is the lease rate?
    The lease rate is $85 SF/Yr.
    Request Owner's contact information
    68 Franklin St New York, NY 10013
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    New York, NY 10013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    68 Franklin St New York, NY 10013
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