Benchmark Real Estate Group Sells 74 Franklin Street In Tribeca For $11,345,000
74 Franklin Street
$11,345,000
$1,158/SF
Building Size
9,796 SF
Asset Type
Mixed-use
Closing
Mar 25, 2026
About this deal
AI
A mixed-use property located at 74 Franklin Street in Tribeca has been sold for $11,345,000. The asset encompasses a total of 9,796 square feet, resulting in a price per square foot of $1,158.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,345,000
- Address: 74 Franklin Street
- Market: Tribeca
- Square Footage: 9,796
- Price per Square Foot: $1,158
- Seller: Benchmark Real Estate Group
- Seller's Representative: Robert Burton, Bobby Carrozzo & Michael Gembecki - Cushman & Wakefield
Cushman & Wakefield has confirmed the successful transaction, announcing the sale of the property on March 26, 2026. The representatives involved in the deal are Robert Burton, Bobby Carrozzo, and Michael Gembecki, who facilitated the transaction on behalf of Benchmark Real Estate Group.
On the Map
$11,345,000
$1,158/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93