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81 Franklin Street

Updated Oct 10, 2025

Slate Property Group Acquires Condo In Tribeca For $30 Million With JLL And Upland Property Advisors
SOLDMultiFamily

Slate Property Group Acquires Condo In Tribeca For $30 Million With JLL And Upland Property Advisors

81 Franklin Street

$30,000,000

$1,165/SF

Building Size

25,738 SF

Asset Type

MultiFamily

Closing

Sep 18, 2025

About this deal

AI

The property is a condo located at 81 Franklin Street in the Tribeca market. It has a sale price of $30,000,000, consisting of 11 units and a total square footage of 25,738. With a price per unit of $2,727,272 and a price per square foot of $1,165, this property represents a significant transaction in the area.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $30,000,000
  • Units: 11
  • Price Per Unit: $2,727,272
  • Square Footage: 25,738
  • Price Per Square Foot: $1,165
  • Date of Transaction: 9/19/2025

The transaction involved buyers Slate Property Group. The brokers representing the deal were Guthrie Garvin, Clint Olsen, and Hall Oster from JLL, alongside Glenn Tolchin and Yoav Oelsner from Upland Property Advisors.

On the Map

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$30,000,000

$1,165/SF

MultiFamily

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Players

Clint Olsen

JLL

Broker

$702.9M

vol

22 deals

Broker
Upland Property Advisors
Upland Property AdvisorsBrokerage
JLL
JLLBrokerage
Slate Property Group
Slate Property GroupBuyer
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $30M for 25,738 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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