5 Franklin Place #3/4BC, New York City, NY 10013
Listing Courtesy of Nest Seekers LLC
$4,950,000
Potential Rebate: $74,250
Overview
Residence 3/4-BC at 5 Franklin Place is a 2,456-square-foot duplex loft located in one of Tribeca’s newer full-service buildings. Tucked away on a quiet, private alley just north of Franklin Street, this residence offers a distinctive layout, impressive ceiling heights, and a clean, modern design. Upon entering through a private foyer, you're welcomed into a striking double-height living area with oversized East-facing windows that bring in abundant natural light and offer open views over Tribeca. The layout includes four well-defined rooms, finished with 5-inch wide-plank oak flooring and generous built-in and private storage, including a dedicated storage unit. The open kitchen is outfitted with double Poggenpohl cabinetry, two integrated Sub-Zero refrigerators, a Bosch gas range, wine fridge, and dishwasher. It's designed for both everyday functionality and easy entertaining. On the upper level, the primary bedroom features a large walk-in closet and a spacious en-suite bath with a deep soaking tub, separate shower, and double vanity. Adjacent to the bedroom is a versatile room that can serve as a home office, studio, or fitness space. All bathrooms are finished with hand-laid imported marble and Waterworks fixtures, offering a refined and consistent aesthetic throughout the home. 5 Franklin Place was designed by ODA Architects with interiors by Andre´s Escobar and offers a strong suite of amenities, including a 24-hour concierge and doorman, landscaped roof deck with pool and cabanas, a gym, children’s playroom, bicycle storage, and a live-in superintendent. ** A deeded parking space is also available for purchase. **DISCLAIMER: THE BEDROOMS ARE INTERIOR ** * This is a rare opportunity to own a thoughtfully designed duplex in the heart of Tribeca, combining architectural distinction with everyday comfort and convenience.
Home Features
- •Central Air
- •Building Washer Dryer Install Allowed
- •In Unit
- •Building Storage
- •Building Roof Deck
- •Entrance Foyer
- •Dryer
- •Washer
Estimated Monthly Payment
$32,806 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$74,250
Monthly savings impact
$206/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
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Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Nest Seekers LLC
Data Source: TRESTLE #RLS20034126
Price Analysis
Compare average listing prices and value metrics for 5 Franklin Place against the surrounding Tribeca market.
Average List Price
Price Per SqFt
15.53% Lower
than the Tribeca price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Tribeca
Overview of Tribeca
Tribeca (Triangle Below Canal) is widely considered the wealthiest and most desirable neighborhood in New York City. Known for its massive industrial lofts, cobblestone streets, and celebrity residents, it is the epitome of downtown luxury. For buyers seeking Tribeca Manhattan real estate, it offers an unmatched combination of space, privacy, and cool.
Living in Tribeca, Manhattan is chic and comfortable. The streets are wide and surprisingly quiet. As a premier Manhattan NYC neighborhood, it has transformed from an industrial wasteland into a family-friendly enclave of multimillion-dollar homes.
Real Estate & Housing Market
The market for homes for sale in Tribeca is top-tier. The signature property is the loft: thousands of square feet, cast-iron columns, and high ceilings. New developments like towering glass condos (e.g., 56 Leonard) have added ultra-modern options to the mix.
Unless you have a significant budget, entry is difficult. It is a market driven by privacy, with many buildings offering private garages and paparazzi-proof entrances.
Lifestyle & Community
The lifestyle in Tribeca is family-centric luxury. You will see more strollers than nightlife. The restaurants are world-class (Locanda Verde, The Odeon) but the vibe is relaxed and neighborhoody.
The community is affluent and creative. It hosts the Tribeca Film Festival, adding a layer of cultural glamour. Residents value the low-density feel; the buildings aren't as tall as FiDi, so there is more sky.
Transportation & Accessibility
Tribeca is incredibly connected. The 1/2/3, A/C/E, and R/W trains all service the area. It is easy to get uptown or to Brooklyn.
Connectivity to the West Side Highway makes it a favorite for those who drive to weekend homes in the Hamptons or upstate.
Parks, Schools & Amenities
Hudson River Park is the neighborhood's playground, offering mini-golf, volleyball, and running paths. Washington Market Park is a beloved local green space.
Amenities are unmatched: Whole Foods, Target, and boutique fitness studios abound. The schools, particularly PS 234, are among the most coveted public schools in the city.
Who This Neighborhood Is Best For
Tribeca is best for high-net-worth families, celebrities, and buyers who want the maximum amount of space and privacy available in Manhattan.
