81 Franklin St Immeuble residentiel 12 lots 27 689 600 € (2 307 467 €/Lot) New York, NY 10013

JLL and Upland Property Advisors are pleased to present the
opportunity to acquire 81 Franklin Street, a 100% free-market, luxury
rental building in the heart of Tribeca. Situated on one of Tribeca’s
most coveted blocks, this impressive 47-foot-wide, six-story property
features 11 expansive loft-style apartments with high ceilings,
oversized windows, and premium finishes throughout.
Each unit boasts condominium-quality finishes that epitomize
Tribeca’s style and sophistication. These refined finishes include red
oak hardwood flooring, central air conditioning, in-unit washers and
dryers, Italian crafted cabinetry, Caesarstone countertops, and topof-
the line stainless steel appliances. The building also offers a wide
array of on-site amenities designed to elevate the resident experience,
including a fitness center, a children’s playroom, a bike room, and
private storage for each residence, along with an expansive rooftop
terrace with outstanding cityscape views.
Originally a commercial property, 81 Franklin Street was meticulously
converted in 2013 to attract affluent professionals and families
seeking an ultra-luxurious living experience in prime Tribeca. With
exceptionally large residences averaging over 2,000 square feet, the
building is designed for both efficiency and privacy, as the elevator
opens directly into each unit – maximizing living space, privacy, and
convenience. Additional value-enhancement opportunities include
introducing doorman service and repurposing certain underutilized
areas into enhanced tenant amenities.
A premier example of urban luxury, the property consistently attracts
a high-net-worth tenant base, ensuring strong demand and reliable
cash flow for ownership. Its prime location delivers immediate access
to New York’s best dining scene, including One White Street, Casa
Carmen, Locanda Verde, Ito, Frenchette, and the two-Michelin-starred
Atera. The area also boasts premier shopping destinations and
convenient access to Hudson River Park, a four-mile landscaped oasis
that stretches along the Hudson River.
The property’s 2,550 square foot retail unit is leased through
September 2027 by tenant Allied Maker, a producer of high-end handcrafted
lighting fixtures. While the space is especially attractive and
well-leased, there is also the potential to convert all or part of the unit
into residential use and/or combine it with an existing unit.
81 Franklin Street represents a rare opportunity for investors or endusers
to acquire a turnkey, cash-flowing, high-end property in one
of Manhattan’s most sought-after neighborhoods. The potential is
limitless: maintain as a generational income-producing asset, enjoy
organic rental growth, convert to condominiums in the future, or
create a bespoke owner’s residence by incorporating