185 Franklin Street
New York, NY
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
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