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74 Franklin Street

Benchmark Real Estate Group Sells 74 Franklin Street In Tribeca For $11,345,000
SOLDMixed-use

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

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.

Players

Michael Gembecki

Cushman & Wakefield

Broker

$449.8M

vol

35 deals

Broker
Benchmark Real Estate Group
Benchmark Real Estate GroupSeller

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