The Real Deal New York

Solitary condo left unsold at Elad’s Franklin Place

The Elad Group’s Franklin Place in Tribeca has sold all but one condominium unit, but it could be a while. The four-bedroom unit was listed with Cantor and Pecorella for $7.5 million in May and has yet to enter contract.

Sales launched at the 20-story, 53-unit building that same month. The condos feature five-inch plank oak hardwood floors and a chef’s kitchen with Poggenpohl cabinetry, a Subzero refrigerator and Bosch stove. The bathrooms have hand-laid imported marble.

Franklin Place, formerly known as 5 Franklin Place and located at 371 Broadway between Franklin and White Streets, is under construction after a long delay triggered by the financial crisis. Building is set to be finished sometime this year, as previously reported. [Curbed]Mark Maurer

  • Steven

    I don’t see this as being news