185 Franklin Street

New York, NY

View Offering Memorandum

Overview

Summary

  • Asking Price $10,695,000
  • Total Gross SF 8,430 SF
  • Total Rentable SF 10,706 SF
  • Existing Stories 6

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.

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

Team

David Shalom

David Shalom

Director
Avison Young - US - NY - New York
718 581 4629
Noah Kossoff

Noah Kossoff

Associate Director
Avison Young - US - NY - New York
917 880 1475
Ryan McGuirl

Ryan McGuirl

Associate Director
Avison Young - US - NY - New York
908 392 0109
Lea Voytovich

Lea Voytovich

Associate
Avison Young
212 729 3019