51-59 Franklin Street

UNIQUE OPPORTUNITY FOR A PRIME DEVELOPMENT SITE IN TRIBECA WITH THE ABILITY TO BUILD BOUTIQUE OFFICE, LUXURY RESIDENTIAL, OR HOTEL

51-59 Franklin Street, New York, NY 10013
Asking Price Submit Offers
Type Development Site
Neighborhood Tribeca
Properties 1
Lot Size 9,510 SF
Zoning Code C6-4A
Size 48,180 SF
Stories 6 Stories + Basement
Units 28
Air Rights None

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering for 51-59 Franklin Street, a prime development site located in the heart of Tribeca. The lot spans 9,510 square feet, and is currently configured with a six story building (five stories along Broadway) spanning approximately 48,180 square feet. The property contains a basement level that totals approximately 6,600 square feet. The entire building can be vacated in the near term, as all of the current leases are either month-to-month, contain demolition clauses, or expire within a few months. Situated within the favorable C6-4A zoning district, a wide variety of uses are permitted. With significant frontage along Franklin Street, Broadway, and Benson Place, development sites of this magnitude are a true rarity in this exclusive Tribeca neighborhood.

Location:

Prime location in the heart of Tribeca around the corner from the Gallery District

Property Listing Contact:

David Schechtman // Senior Executive Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com