Miami-based Crescent Heights Realty Sells Manhattan Apartment Building On Franklin Street For $46M

The apartment building located at 65 Franklin Street in Manhattan has been sold for a price of $46,000,000. The property has a total square footage of 64,430 sf, which can be increased to 77,000 sf by utilizing additional air rights. The purchase price per square foot (PPBSF) for this transaction is $714.

Summary of transation details

• Property Type: Apartment Building
• Transaction Amount: $46,000,000
• Address: 65 Franklin Street, New York
• Market: Manhattan
• BSF: 64,430 sf (increase to 77,000 with additional air rights)
• PPBSF: $714

The seller of the property is Miami-based Crescent Heights Realty, represented by Sonny Kahn, Joe Koicim of Joey1Cap, Peter Von Der Ahe, David Lloyd, and Eran Polack.