50 Franklin St
New York, NY 10013 (Chinatown)
Contact For Estimate

50 Franklin St
New York, NY 10013

(Chinatown)
  • 1,004 sqft
  • Condo
Off Market · Public Record
Contact For Estimate
50 Franklin St
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  • 1 Elementary School

    5 Middle Schools

    2 High Schools

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  • Low crime relative to the rest of New York county.

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  • 10% of residents commute by car.

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  • 2637 Restaurants

    146 Grocery stores

    795 Nightlife

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Off Market · Public Record

Home Details

Overview
  • Condo
  • Built in 2009
  • 1,004 sqft
Description

This property is no longer available to rent or buy. This description is from February 25, 2017
Investors! Investors! Prime investment opportunity to purchase apartment + private deeded parking space for 3% cap rate and 8% YOY historical appreciation. Due to the unusual relative affordability of 50 Franklin, which is laden with amenities including oversized gym, lounge, media room, bike room, pet spa, roofdeck, and private guest suite on premises, this property is sought-after by tenants eager to live in Tribeca. The apartment features a desirable 2BR/2Bath 1123sf layout with additional home office that doubles as a nursery or playroom. High 9' ceilings, thick 4 real oak plank floors, and top-of-the-line finishes including Caeserstone kitchen countertops, white lacquered cabinetry, Bosch oven and dishwasher, Subzero refrigerator and wine fridge. Central A/C and Bosch washer/dryer. Storage unit included. Fulltime doorman and live-in super. Asking price INCLUDES private parking space which can be fully financed by all major banks, a $250k value. Apartment rents for minimum $6k/mo and the parking can be rented out at $600-$800/mo. This is a hot commodity for users and investors alike looking to achieve a strong ROI.

Property Taxes and Assessment
Year
2016
Tax
$8,406.98
Assessments
$173,178
Land
$11,797
Improvements
$161,381
Total
$173,178
Market Value
N/A

Affordability
Additional Costs

Price Trends
Real Estate Trends
Average Listing Price for 10013
$7,238,015
Median Sale Price for 10013
$2,805,000
Average Sale price/sqft for 10013
$1,838/sqft
Comparables and Estimates
Sold Homes
Address Distance Property Type Sold Price Sold Date Bed Bath Sqft
0.68
Condo
$1,485,000
11/16/17
-
-
1,186
1.82
Condo
$750,000
11/22/17
-
-
431
1.32
Condo
$999,000
11/15/17
-
-
791
0.97
Condo
$620,000
11/17/17
-
-
625
1.08
Condo
$2,018,000
11/22/17
-
-
1,190
2.83
Condo
$1,420,000
11/21/17
-
-
1,188
1.37
Condo
$1,390,000
11/22/17
-
-
714
1.35
Condo
$6,850,000
11/16/17
-
-
2,065
1.73
Condo
$1,675,000
11/21/17
-
-
877
0.95
Condo
$923,097
11/16/17
-
-
688

Contact Info


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