Welcome to 5 Franklin Place, an epitome of luxurious living in the heart of Tribeca. This exquisite 3-bedroom, 3. 5-bathroom condo is a testament to modern elegance. Situated on a private cobblestone block between Franklin and White Street, the 20-story masterpiece, completed in 2015, is one of Tribeca's most sought-after condominiums. Designed by the renowned architectural firm ODA, the building boasts a unique cantilevered feature on its top half, setting it apart as a true architectural gem. The interiors, crafted by the distinguished Andres Escobar, are a testament to thoughtful design.
Step into 8A, a spacious haven, to be greeted by 9'5' high ceilings and 5" oak hardwood floors, creating an ambiance of grandeur and sophistication. The oversized kitchens are a home chef's dream, with Calacatta marble islands, Poggenpohl cabinetry, a concealed Subzero refrigerator, dual Bosch ovens, a range, and a dishwasher. The stunning kitchen pours into the sun soaked living area. Each bedroom room is sunny and boasts its own en-suite bath and open sky views. The principal bedroom is spacious and has two walk-in closets along with a luxurious bath. A laundry area is conveniently located in the hallway across from the bedrooms. The unit is offered with a deeded storage room on the same floor.
Indulge in the luxurious bathrooms with hand-laid imported marble, and most master bathrooms boast 5-piece fixtures, including a stand-up glass shower, marble-clad tub, and double vanity sinks.
The building's amenities cater to your every need. A full-time concierge and doorman ensure convenience and security, while parking options are available for your peace of mind. A live-in superintendent is on-site to address your needs promptly. The landscaped roof deck, featuring a heated pool, cabanas, and barbecue offers a serene escape from the city's hustle and bustle. There is also a state-of-the-art gym and a children's playroom. Additional private storage spaces and bicycle storage are also available for your convenience.
This residence is the perfect blend of modern luxury and downtown convenience. Franklin Place offers the charm of this private enclave while being in the center of Tribeca, necessities like Gourmet Garage Supermarket are just across the street.
Contact us today to schedule a viewing and experience the epitome of urban living.
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Our Executive Mortgage Banker:
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$3,100,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,480,000 | $2,480,000 | $2,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,887 | $15,270 | $20,594 |
Total Monthly Payment | $14,012 | $15,395 | $20,719 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.