- Type
- Condominium
- Landmark
- In a historic district
143 Franklin Street is a six-story red-brick building from 1898 in the Tribeca West Historic District, on a lot 69 feet wide and about 101 feet deep. City records give it 33,800 square feet, most of it classed as storage, with office and retail space on the remaining floors and no apartments. CNY Group bought it from Krinos Foods in January 2025 for $35.6 million, per published reporting of city records (one local report gives $34.5 million), and Urban Standard Capital provided a $49.5 million construction loan.
The plan described at acquisition was a condominium of 10 loft apartments in almost 30,000 square feet, about 3,000 square feet per home on average. The Department of Buildings filings made in 2026 show five dwelling units, which would mean homes closer to 6,000 square feet each. Which count is right will be settled by the offering plan. Either way, it is a very small building of very large homes on a historic district block, next door to the 139 Franklin Street conversion.
What's planned
The project is filed with the Department of Buildings as a "new building with existing elements to remain," the category for work that rebuilds most of a structure while keeping parts of the original. The mechanical filing describes the work as a conversion of the warehouse to residential apartments with ground-floor retail. In June and August 2026 the structural engineers filed sequencing plans for partial demolition across all six floors, including openings for a construction hoist.
Because the building is in the Tribeca West Historic District, exterior work needs Landmarks Preservation Commission approval. The proposal went to a public hearing on February 3, 2026 (docket LPC-26-05605), with drawings dated October 2025. We have not confirmed the outcome, or whether the scheme adds height above the existing six stories.
No architect for the conversion, unit layouts, outdoor space or amenities have been published.
Offering and pricing
No condominium offering plan record and no pricing had been published as of October 2026. Listing records target a sales start in the second quarter of 2027 and delivery in the fourth quarter of 2027. At five to ten homes in a Tribeca West loft building, pricing will be benchmarked against the best loft conversions nearby, including 139 Franklin Street next door and 155 Franklin Street on the same block, rather than against Tribeca's new towers.
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Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
What to know if you’re buying
Before the plan is accepted. The Attorney General must accept an offering plan before a sponsor can sign purchase contracts and take deposits. Before acceptance a sponsor may collect expressions of interest under an approved CPS-1 application, but may not take reservations or deposits, and an interest list does not secure a unit.
Unit count. Reporting and city filings disagree, five against ten. Ask sponsor counsel for the current count and whether any homes can be combined or divided under the plan.
Landmark rules. In a historic district, later changes to windows, rooftop structures and the storefront need Landmarks approval. The condominium's governing documents will set who handles that and at whose cost.
Deposit and contract. New-development contracts typically require a deposit of 10% at signing, held in escrow, with some sponsors asking for 20%. The plan states this building's terms.
Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%, or 0.65% at $3 million or more) and the New York City real property transfer tax (1% at $500,000 or less and 1.425% above for a residential unit), plus the state "mansion tax" of 1% at $1 million, rising in tiers to 3.9% at $25 million in New York City. Use the calculators below to run your price.
Carrying costs. In a building of this size, a few owners carry the full budget. Read the plan's first-year projections and the engineer's report on the retained structure together.
Comparable buildings
If you're considering 143 Franklin Street, also look at these Tribeca loft conversions:
- 139 Franklin Street — next door, a 1909 warehouse being converted to a condominium of up to 18 residences
- 155 Franklin Street — 10-residence loft condominium in an 1882 provisions warehouse in the same district
- 25 Leonard Street — six-unit loft condominium, one home per floor, in a nineteenth-century store-and-loft building
- 443 Greenwich Street — 53-residence conversion of an industrial building, completed 2014–16
- 11 Beach Street — 27-residence prewar loft condominium conversion
- 108 Leonard Street — The Clock Tower, a 152-residence conversion of a historic office building
More Tribeca buildings
- 140 Franklin Street (One40 Franklin) — 1887 condominium
- 140 West Street / One Hundred Barclay — 1927 condominium
- 142 Duane Street — 1859 co-op
- 145 Hudson Street (Sky Lofts) — 1928 condominium
- 146 Chambers Street — condominium
- 146 Church Street (Tribeca Rogue) — 2019 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Tribeca — read The Roebling Team Guide to Tribeca.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 143 Franklin Street?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com