The Real Deal New York

$65M home at 71 Franklin to be Downtown’s priciest townhouse listing

Compass to market the property, which currently holds eight residential units

April 02, 2015 06:10PM
By Claire Moses

71 Franklin Street

A rendering of 71 Franklin Street

A five-story property at 71 Franklin Street in Tribeca is hitting the market for $65 million, which will make it the priciest townhouse listing in Downtown.

Compass broker Leonard Steinberg announced the record-setting listing of the 20,000-square-foot home on his Instagram account. The current record for most expensive condo sold below Canal Street is a penthouse apartment at 145 Hudson Street for $30.1 million.

The seven-bedroom home is located near Shigeru Ban’s Cast Iron House as well as Herzog and DeMeuron’s 56 Leonard. The listing boasts a “once-in-a-lifetime opportunity to create a 52-foot-wide mega-residence.” Architect Wayne Turett has designed plans to convert the building, which currently holds eight residential units and two retail units. The building can also be purchased “as is,” according to the listing, for an undisclosed price.

Steinberg and Hervé Senequier have the listing.

“Never before has a property of this scale come to market,” Steinberg also wrote.

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