Franklin Place
371 Broadway, New York, NY 10013
Tribeca
BBL 1001757506 · BIN 1001937
- 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
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $8,580/yr
- Per unit / month range
- $0 – $14
Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
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:
- 108 Leonard Street — landmark Tribeca conversion nearby
- 56 Leonard Street — architect-designed Tribeca tower
- 91 Leonard Street — Toll Brothers City Living's 111-unit SOM-designed Tribeca condominium
- 145 Hudson Street — Tribeca loft conversion
- 155 Franklin Street — boutique Tribeca loft building
- 101 Warren Street — the Skidmore, Owings & Merrill-designed Tribeca condominium
Considering a move at Franklin Place?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Franklin Place would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.