--- title: "106 FRANKLIN Street, New York City, NY 10013" description: "106 FRANKLIN Street, New York City, NY 10013 — Multi Family Home in Tribeca, Manhattan, NY. Listing Price $24,500,000. 15 bed, 15 bath, 11,891 sqft Illustrative Buyer Commission Share of $367,500 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10013/106-franklin-street-ny-10013" source: "Real Estate Rebate Team" status: "Active" --- # 106 FRANKLIN Street, New York City, NY 10013 Multi Family Home in Tribeca, Manhattan, NY **New Development** Courtesy of Corcoran Group ## At a Glance - **Listing Price**: $24,500,000 - **Beds**: 15 - **Total Baths**: 15 - **Sqft**: 11,891 - **Monthly Taxes**: $20,713 / mo - **Price per Sqft**: $2,060 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $24,500,000 - **Illustrative Buyer Commission Share**: -$367,500* - **Illustrative Net Cost**: $24,132,500 *Illustrative Buyer Savings of $367,500 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![106 FRANKLIN Street, New York City, NY 10013 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c4f40355-3440-44d5-8a6e-786540394395.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/be7435a2-464b-4019-b125-ff03d1e118be.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2574d95d-4623-4023-a0de-72924fcc6524.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/21e4f0a2-8908-402f-9a3c-8f0e56865752.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/88732787-d51c-47d2-b35f-1c0cfc187e92.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/372526fc-fb2e-484c-b120-26a3401be40d.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/330860dd-f244-4230-aa3a-fd9b790e2012.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/61bb026e-4bae-47cc-a81b-f70330adccc0.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9b2f21ec-5ffd-4afe-83e1-f25d5ef7be3b.jpg) ![106 FRANKLIN Street, New York City, NY 10013 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/203687e6-1254-447b-a8da-56ed58b6968a.jpg) ## Property Overview Prime Multi-Family Asset, Built 25' x 95' Seldom does an opportunity materialize to acquire a core multi-family asset on Franklin Street, a coveted block in Manhattan's premier enclave: Tribeca. Virtually non-existent in the current market, this property represents the epitome of safe-haven real estate. It's a product type that remains in demand by global investors, private wealth offices, and institutional funds. Comprising four expansive, full-floor, loft-style 3-bedroom residences, plus a first floor duplex with its own outdoor space, this 100% leased building combines historical Tribeca pedigree with contemporary features. On a prime Tribeca block, this asset sits at the intersection of global wealth and cultural influence. Record-Breaking Fundamentals: Q1 and Q2 2026 have recorded the highest median Manhattan rent in history. The market is currently experiencing a significant supply-demand imbalance, favoring owners of high-end inventory. 3-Bedroom Alpha: While the broader market is climbing, the 3-bedroom sector has outperformed, accelerating 24% year-over-year, significantly outpacing gains for smaller units. Immediate Yield Expansion: Three of the five active leases are scheduled to reset across consecutive months this summer. This provides a near-term path to capturing significant additional income and a substantially more attractive cap rate. Seamless Transition: Current ownership has established a reporting structure and process that will ensure a frictionless handoff for the incoming investor. The Asset: Sophistication Meets Scale The building has undergone a comprehensive capital improvement program, de-risking the investment for the next cycle. Mechanical Excellence: High-efficiency hot water heaters and significant elevator infrastructure upgrades. Aesthetic Refresh: A newly renovated lobby and entryway provide a "high-profile" arrival experience consistent with the neighborhood's luxury standards. Lifestyle Amenities: A gorgeous furnished roof deck offers residents expansive outdoor space, a critical driver for premium rents in the current market. The Residences: Units 2, 3, 4, and PH are full-floor layouts. Each features a 3-bedroom gourmet kitchen and open plan concept designed specifically for the tenant profile that Tribeca attracts. Market Context: Investing Now With exceedingly tight rental inventory and an arduous process to bring new development concepts to market, existing core assets like this have become the primary target for well-capitalized investors. Financials and Setup: Occupancy: 100% Unit Mix: Four (4) Full Floor 3-BR/3Bath Units, plus One (1) First Floor Duplex with private outdoor space Lease Reset: Summer 2026 (3 units in consecutive months) Neighborhood: Tribeca (Franklin Street) ## Property Details - **Property Type**: Multi Family - **Beds**: 15 - **Total Baths**: 15 - **Rooms**: 26 - **Sqft**: 11,891 sqft - **Stories**: 5 - **Year Built**: 1915 - **Price per Sqft**: $2,060 - **Monthly Taxes**: $20,713 / mo - **Listed On**: Apr 13, 2026 - **Days on Market**: 152 Days ### Residence Features - Central Air - Building Other - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - High Ceilings - Smoke Free - Washer Dryer Allowed ## Buying in a new development? Before you visit the sales gallery, understand the broker registration rule. In many buildings the sponsor will only compensate a buyer’s broker who accompanied you on your first visit or registered you in writing beforehand. The sales team you meet at the door works for the developer, and once you have toured on your own that introduction is very hard to undo. [Why You Need Your Own Broker Before Your First Visit](https://realestaterebatesnewyork.com/guides/new-development-buyer-broker-nyc) ## Property Tax History Taxes at 106 FRANKLIN Street were $244,969 in 2026, down 1.9% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $1,959,750 | $117,450 | $1,842,300 | $1,959,750 | $244,969 | 12.5% (estimated) | | 2025 (FY 2025/26) | $2,088,450 | $117,450 | $1,971,000 | $1,998,173 | $249,772 | 12.5% (estimated) | | 2024 (FY 2024/25) | $2,340,000 | $117,450 | $2,222,550 | $1,850,160 | $231,270 | 12.5% | | 2023 (FY 2023/24) | $1,433,250 | $117,450 | $1,315,800 | $1,433,250 | $179,185 | 12.502% | | 2022 (FY 2022/23) | $1,552,500 | $117,450 | $1,435,050 | $1,552,500 | $190,445 | 12.267% | | 2021 (FY 2021/22) | $1,519,650 | $117,450 | $1,402,200 | $1,486,583 | $181,883 | 12.235% | | 2020 (FY 2020/21) | $1,242,900 | $117,450 | $1,125,450 | $1,070,849 | $114,517 | 10.694% | | 2019 (FY 2019/20) | $1,194,300 | $117,450 | $1,076,850 | $965,916 | $101,779 | 10.537% | | 2018 (FY 2018/19) | $1,221,300 | $117,450 | $1,103,850 | $854,800 | $89,874 | 10.514% | | 2017 (FY 2017/18) | $985,050 | $117,450 | $867,600 | $718,540 | $75,547 | 10.514% | | 2016 (FY 2016/17) | $919,800 | $117,450 | $802,350 | $651,490 | $68,889 | 10.574% | | 2015 (FY 2015/16) | $764,550 | $117,450 | $647,100 | $574,780 | $61,249 | 10.656% | | 2014 (FY 2014/15) | $559,350 | $117,450 | $441,900 | $522,870 | $55,863 | 10.684% | | 2013 (FY 2013/14) | $608,400 | $117,450 | $490,950 | $542,580 | $56,011 | 10.323% | | 2012 (FY 2012/13) | $571,500 | $117,450 | $454,050 | $562,000 | $57,819 | 10.288% | | 2011 (FY 2011/12) | $617,400 | $117,450 | $499,950 | $614,880 | $62,423 | 10.152% | | 2010 (FY 2010/11) | $594,000 | $117,450 | $476,550 | $585,000 | $60,325 | 10.312% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1001780006. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 106 FRANKLIN Street 106 FRANKLIN Street, New York, NY 10013 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1915 - **Total Units**: 1 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/106-franklin-street) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/new-developments/newyorkcity/manhattan/10013/106-franklin-street-ny-10013) | 15 | 15 | 11,891 sqft | $2,060 | $24,500,000 | Corcoran Group | Apr 13, 2026 | 152 days | ## Estimated Monthly Payment **$144,598 / month**, assuming a 20% down payment ($4,900,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $123,885 - **Property Taxes**: $20,713 Estimates only. Actual payments may vary. Confirm terms with your lender. ## This is a new development purchase Buying from a sponsor carries closing costs a resale does not. The New York City and New York State transfer taxes are the seller’s in a resale and are passed to the purchaser in most offering plans, and the sponsor’s attorney fee and any working capital contribution sit on top of that. Together they commonly add 2% or more of the purchase price. - [Estimate these costs](https://realestaterebatesnewyork.com/calculators/new-development-closing-cost-calculator) - [What sponsor buyers pay](https://realestaterebatesnewyork.com/new-development-closing-costs-nyc) - [More new developments](https://realestaterebatesnewyork.com/new-developments) ## Tribeca Overview of Tribeca [Explore Tribeca](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Tribeca - [Civic Center real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/civic-center) - [SoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/soho) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) - [Battery Park City real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/battery-park-city) - [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown) - [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita) - [Civic Center real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/civic-center) - [SoHo real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/soho) - [Little Italy real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/little-italy) - [Battery Park City real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/battery-park-city) - [Chinatown real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/chinatown) - [Nolita real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/nolita) ## Related Links - [106 FRANKLIN Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/106-franklin-street) - [Tribeca neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/tribeca) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.