Condominium · 2015
Franklin Place
371 Broadway, New York, NY 10013
Buildings·Condominium

Franklin Place

371 Broadway, New York, NY 10013

At a glance
Year built
2015
Type
Condominium
Landmark
No

Franklin Place is one of the more architecturally ambitious new condominiums in Tribeca — a 19-story building completed in 2015, designed by Eran Chen of ODA Architects and developed by the El Ad Group, set on a quiet cobblestone street between White and Franklin. The site has Tribeca history: the building rose on the footprint formerly occupied by the Art Institute of New York, and its design responds directly to the neighborhood's industrial past, with a handmade basketweave-brick façade and dark-metal detailing that reinterpret Tribeca's cast-iron craftsmanship at the scale of its pre-war neighbors.

For buyers, Franklin Place offers what the neighborhood's converted lofts often cannot: architect-driven new construction, with the ceiling heights, light, systems, and amenities of a ground-up building, in condominium form, on one of Tribeca's most atmospheric cobblestone streets. It is contemporary design that still feels of its neighborhood — a balance that is harder to strike than it sounds.

Architecture and unit composition

The building's façade is its signature — handmade basketweave brick with curved detailing and dark architectural metal, designed by ODA to echo the texture and craftsmanship of Tribeca's cast-iron loft buildings while remaining unmistakably contemporary. The 19-story massing relates in scale to its pre-war neighbors, and its position on a cobblestone street reinforces the neighborhood feel.

The 53 residences range from one-bedroom lofts to five-bedroom, double-height duplexes, with the homes drawing exceptional window height and depth and open views from the building's stature. Interiors carry the high-specification finish of quality new development, and the larger duplex and penthouse layouts are the building's showpieces. As architect-led new construction, the building delivers contemporary ceiling heights, modern systems, and a full amenity package built in from the start, including a rooftop deck with a pool.

Building operations

Franklin Place runs as a full-service condominium with concierge and superintendent coverage, a fitness center, a rooftop deck with a pool, additional residents' amenities, and private storage. As a condominium, ownership is flexible — financing rules are condominium-standard, pied-à-terre and investment purchases are customary, and resale clears through a right-of-first-refusal rather than a co-op board admissions process. The building is pet-friendly.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — manageable today, 2030 cliff likely
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$8,580/yr
Per unit / month range
$0 – $14
See full Local Law 97 analysis — emissions history, scenarios, methodology →

Facade safety — Local Law 11

Local Law 11 / FISP · last inspection 2020–25
Safe
What this means for you

The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.

Inspection history
2020–25
Safe
2025–30
Due
Next report due
by Feb 2027
The three grades, in buyer terms
SafeGood for ~5 years — no facade assessment on the horizon.
SWARMPSafe now, repairs due on a deadline — budget for the work or a possible assessment.
UnsafeActive hazard: sidewalk shed and repairs now. Expect disruption and an assessment.

QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.

See the full facade history →

Recent sales

With 53 condominium residences, Franklin Place turns over at a measured cadence — a handful of resale closings in an active year, with some homes trading off-market in the discreet manner common to high-end Tribeca. Pricing reflects the building's architectural pedigree, cobblestone-street location, and full-service condominium structure, with premiums for the higher floors, the duplex and double-height layouts, and the penthouses. Because the public sales record for this address is generated directly from the building's tax lot, the most current closed-sale history is best read from that live record; the durable pattern is design- and scale-driven demand from buyers who want architect-led new construction in Tribeca.

What to know if you’re buying

This is architect-driven new construction on one of Tribeca's most atmospheric streets. Ownership is flexible — condominium financing rules apply, pied-à-terre and investor purchases are customary, and there is no co-op board package or interview, only a right-of-first-refusal. The design and the cobblestone-street setting are the assets — an ODA building that converses with Tribeca's industrial heritage is distinctive, and that supports resale. The range of layouts is unusually wide, from one-bedroom lofts to double-height duplexes; evaluate each on scale, floor, and light. Because some homes trade off-market, working with a broker who knows the building's inventory matters. We help buyers read the offering plan, the common-charge structure, and the comparison set across the Tribeca condominium market.

What to know if you’re selling

Lead with the architecture and the street. An ODA-designed condominium on a Tribeca cobblestone street, with a handmade basketweave-brick façade and double-height layouts, is a distinctive offering that stands apart from generic new construction. Benchmark to the architect-led Tribeca condominium set, and present the home to showcase its ceiling height, light, and finish. The condominium structure is itself a selling point — a faster, more predictable closing and a wider buyer pool, including pied-à-terre and investment purchasers. Given Tribeca's discreet, often off-market dynamics, the right marketing strategy is essential; we manage that with the comparison set in hand.

Comparable buildings

If you're considering Franklin Place, also evaluate nearby Tribeca condominium inventory:

The Roebling Team at Franklin Place

The Roebling Team at Compass specializes in the Tribeca and downtown condominium market. We publish this profile because buyers and sellers at an architect-led new-development building deserve building-specific intelligence: the architecture, the condominium structure, the amenity program, and where pricing sits against the broader Tribeca market.

If you're considering a purchase or sale at Franklin Place, a 30-minute consultation is the right starting point.

Considering a move at Franklin Place?

Get the full picture on this building.

Current availability including off-market, the full comp set, and the board & financials read most listings don't show.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com