Manhattan condos $1,629/sf 2%Manhattan co-ops $283K/room 5%Central Park perimeterPark Ave $478K/room 19%CPW $350K/room 5%Fifth Ave $501K/room 19%Billionaires' Row $4,272/sf 24%Tribeca $1,941/sf 2%
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Condominium · 2015
Franklin Place
371 Broadway, New York, NY 10013
Buildings·Condominium

Franklin Place

371 Broadway, New York, NY 10013

Tribeca

BBL 1001757506 · BIN 1001937

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 — under today's cap; material modeled 2030 exposure
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 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.

Inspection history
2020–25
Safe
2025–30
Due
Next report due
by Feb 2027
The three grades, in buyer terms
SafeLatest filing: Safe — no repairs required at that inspection.
SWARMPLatest filing: repairs required before the next inspection cycle.
UnsafeLatest filing: unsafe conditions requiring corrective action.

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:

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.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

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.