5 Franklin Place
The Elad Group-developed Franklin Place, which stalled during the financial crisis, finally hit the market in May 2013 — and is on track to be sold out soon. Just two units at the 20-story, 53-unit new condo project was still up for grabs at press time. The building has been touted as one of the developments redefining — and driving up prices —in the East Tribeca corridor. The ODA-designed building will have a doorman, a gym, a rooftop swimming pool, a children’s playroom and a live-in super. The apartments, designed by Andres Escobar, feature Poggenpohl cabinetry, integrated Sub-Zero refrigerators, Bosch appliances, marble bathrooms and five-inch plank oak hardwood floors throughout. Contact www.tribecafranklinpl.com or 212-966-5400.
|NAME||5 Franklin Place||PRICE RANGE||$1,450,000 to $3,100,000|
|ADDRESS||5 Franklin Place||SIZE RANGE||752 Sq Ft to 1,702 Sq Ft|
|TYPE||New building||AVG PPSF||$1,875|
|TOTAL UNITS||53||TAX ABATEMENT||Yes|
|DEVELOPER||Elad Group||AVG COMMON CHARGE||$1.18/sf|
|BROKER||Cantor Pecorella||FINISHED BY||2014|