81 Franklin Street

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 top-of- 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 end users 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 the exquisite penthouse units and additional outdoor space.