- Year built
- 1900
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Pets
- Pets permitted; species and limits not stated
Every recorded sale at this building, 2004–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $1,466
- floor-adjusted, 1 sale
- Listing discount
- 5.5%
- Recorded sales
- 34
- On record
- 2004–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Franklin Building 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.
The Franklin Building at 9 Murray Street carries one of Tribeca's better conversion stories. Built around 1900 as a manufacturing and warehouse structure — notable in its day for a state-of-the-art electrical switchboard, a detail that gave the building its name — it has been reborn as a boutique prewar loft condominium of 30 homes on its upper floors. The result is a building that delivers genuine loft scale and prewar character in a condominium wrapper, on a quiet mid-block stretch of one of Tribeca's most central streets.
The position is unusually convenient. Murray Street runs just north of City Hall and the Civic Center, a few minutes from the Tribeca restaurant core, the West Side waterfront greenway, and a dense cluster of transit — the 1/2/3 at Chambers Street, the A/C and 4/5/6 nearby, and PATH and the Oculus a short walk south. For buyers who want a true Tribeca loft with easy access to both downtown and the rest of the city, the building's location is a real asset.
As a condominium rather than a co-op, the Franklin has no co-op board admission, and leasing by owners is permitted; confirm financing, pied-à-terre and investment-use rules in the current declaration and bylaws.
Architecture and unit composition
The building presents a handsome, layered facade: a distinguished three-story rusticated stone base, detailed with canopies, supporting six floors of beige-brick shaft and capped by a cornice beneath the top floor. It is a confident piece of turn-of-the-century commercial architecture, the kind of robust masonry construction that converts so well to loft living.
Spanning more than 100 feet of frontage along Murray Street, the building offers two separate entrances and elevator banks — a practical luxury for a boutique building. The 30 residences occupy the upper floors (roughly five through twelve), with commercial tenants below. The homes run large, averaging well over 2,000 square feet per unit, with the loft hallmarks buyers come to Tribeca for: high ceilings, oversized windows, hardwood floors, and deep, flexible floor plates. A common roof deck crowns the building with broad city views.
Building operations
The Franklin runs as a boutique condominium with superintendent service and the practical infrastructure of a well-managed loft building — the common roof deck chief among its shared amenities, along with the dual elevator banks that keep the building functioning smoothly despite its width. It is a pet-friendly building.
As a condominium, there is no co-op board admission; purchases run through the condominium's application and right-of-first-refusal process. Leasing by owners is permitted; confirm financing, pied-à-terre and ownership-entity rules in the current declaration, bylaws and house rules.
Pets and in-unit washer/dryer
- Pets
- Pets permitted; species and limits not statedSource: The Roebling Team's building profile
- In-unit washer/dryer
- Not verified
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $677 per room a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $1.53 per square foot a monthMedian of 3 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $0.68 per square foot a monthMedian of 6 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $0.85 per square foot a monthMedian of 6 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Roof deckSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $83,613/yr
- Per unit / month range
- $0 – $232
- Modeled exposure split equally across 30 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the inspector (QEWI) identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 2026.
Recent sales
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jan 21, 2025 | 7NE | 3 BR · 2.5 BA · 2,340 sf | $3,700,000 | $1,581/sf | -2.6% |
| Nov 21, 2024 | 12NW | 2 BR · 2 BA · 1,841 sf | $2,822,625 | $1,533/sf | -5.9% |
| Aug 20, 2024 | 10SW | 2 BR · 2.5 BA · 2,140 sf | $2,900,000 | $1,355/sf | -3.2% |
| Mar 7, 2023 | 11NE | 3 BR · 2.5 BA · 2,287 sf | $3,500,000 | $1,530/sf | -7.4% |
| Nov 10, 2021 | 7W | 3 BR · 2.5 BA · 2,651 sf | $4,075,000 | $1,537/sf | -1.8% |
| Jun 25, 2020 | 8SE | 3 BR · 3 BA · 2,690 sf | $4,350,000 | $1,617/sf | -3.2% |
| Apr 9, 2019 | 9NE | 3 BR · 2.5 BA · 2,478 sf | $3,350,000 | $1,352/sf | -8.8% |
| Aug 2, 2018 | 7SE | 3 BR · 2.5 BA · 2,688 sf | $3,918,000 | $1,458/sf | -2.0% |
Market read. Most recent trades (2025) cleared a median $1,466/sf (floor-adjusted) across 1 sale. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 5.5% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-00134-7503; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at The Franklin Building and nearby.
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.
Keep up with The Franklin Building and its market
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What to know if you’re buying
The draw is loft scale plus a condominium structure on a prime Tribeca block ; compare current availability with specific alternatives. Buyers should evaluate each home individually, since the loft plates vary in light, exposure, and how prior owners configured them. Matched sales and reliable interior areas are needed to establish any price premium for the largest homes; size alone does not demonstrate scarcity.
Because it is a condominium, the closing path is an application and right-of-first-refusal rather than a co-op board package and interview, and leasing by owners is permitted. For buyers weighing a Tribeca co-op loft against this building, confirm the financing and pied-à-terre rules in the declaration and bylaws.
What to know if you’re selling
The marketing story is the loft and the structure: prewar Tribeca proportions in a condominium, on a central, well-connected block, with a roof deck and the building's distinctive stone-and-brick presence. Sellers should foreground the loft scale and the condominium flexibility — the two attributes that separate a home here from the deeper co-op loft inventory nearby.
Review current listings and dated transfers to establish availability, turnover and competing supply. Pricing should be benchmarked against the building's own activity and the small set of comparable Tribeca loft condominiums, with condition and light driving the final number.
Comparable buildings
If you're considering 9 Murray Street, also evaluate these nearby Tribeca loft buildings:
- 25 Murray Street — loft building on the same block
- 111 Murray Street — Tribeca condominium to the west
- 101 Warren Street — full-service Tribeca condominium nearby
- 57 Reade Street — Tribeca condominium; distinguish its original construction from any conversion history
- 134 Duane Street — an 1859–60 Italianate store-and-loft cooperative
- 108 Leonard Street — an 1894 Tribeca condominium
More Tribeca buildings
- 8 Thomas Street — 1875 condominium
- 8 Warren Street — condominium
- 8–10 White Street — co-op
- 9 North Moore Street, 9 North Moore Street · Tribeca — 1893 condominium
- 9 White Street — 1861 co-op
- 10 Jay Street (Manhattan, Tribeca) — 1896 condop
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 The Franklin Building?
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