50 Franklin St. #5C

Investors! Investors! Prime investment opportunity to purchase apartment + private deeded parking space for 3% cap rate and 8% YOY historical appreciation. Due to the unusual relative affordability of 50 Franklin, which is laden with amenities including oversized gym, lounge, media room, bike room, pet spa, roofdeck, and private guest suite on premises, this property is sought-after by tenants eager to live in Tribeca. The apartment features a desirable 2BR/2Bath 1123sf layout with additional home office that doubles as a nursery or playroom. High 9’ ceilings, thick 4 real oak plank floors, and top-of-the-line finishes including Caeserstone kitchen countertops, white lacquered cabinetry, Bosch oven and dishwasher, Subzero refrigerator and wine fridge. Central A/C and Bosch washer/dryer. Storage unit included. Fulltime doorman and live-in super.

Asking price INCLUDES private parking space which can be fully financed by all major banks, a $250k value. Apartment rents for minimum $6k/mo and the parking can be rented out at $600-$800/mo. This is a hot commodity for users and investors alike looking to achieve a strong ROI.