68 Franklin Pl, New York, NY 10013
This exceptional retail property at 68 Franklin Place, New York, NY 10013, offers 5,560 square feet of space in a vibrant neighborhood. The property is zoned M1-5A and features multiple tenancies, with a minimum divisible space of 2,426 square feet and a maximum contiguous space of 5,044 square feet. Currently, 10,604 square feet are vacant, presenting a significant opportunity for businesses seeking a high-visibility location. The building's design allows for versatile customization to suit various business needs. High ceilings and modern fixtures create an attractive and comfortable environment for customers. The property benefits from high foot traffic and proximity to popular attractions, restaurants, and other businesses, ensuring a steady stream of potential customers. This location is ideal for a wide range of retail businesses, from boutiques and specialty shops to cafes and small-scale restaurants. The bustling neighborhood and diverse clientele create a favorable market for retailers seeking to establish or expand their presence in a highly desirable area of New York City. This is a unique opportunity to secure a prominent retail space in a thriving commercial district.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.