139 Franklin Street, Manhattan
Industrial · built c. 1915 · Block 179, Lot 66.
Building permits
- Alteration, filed Sep 3, 2026, estimated cost $1.0M, described as “MPP # 417. Please assigned to MPP examiner. Conversion and enlargement of existing commercial building to residential.”
- Alteration, filed Aug 11, 2026, estimated cost $1K, described as “Removal of sprinklers on floor Cellar, 1, and 3. Remove sprinkler piping at all floors.”
- Alteration, filed May 28, 2026, estimated cost $1K, described as “Interior demolition of existing commercial building.”
- Alteration, filed Mar 19, 2026, estimated cost $165K, described as “Removal of rear extension at 1st and 2nd floor. New exterior wall to be constructed. Structural work filed separately.”
- Alteration, filed Nov 19, 2025, estimated cost $5K, described as “Installation of a medium duty pipe scaffold as per plans in conjunction with general construction work. No change in use, egress or occupancy. Pipe scaffold shall comply with 2022 NYC building code,chapter 33.”
- Alteration, filed Feb 4, 2022, estimated cost $1K, described as “Installation of temporary heavy duty sidewalk shed as per plans. No change in use, egress or occupancy. Sidewalk shed shall comply with chapter #33 of the NYC building code. Live load 300PSF.”
Property taxes
- Assessment
- $5,312,250
- 2026–27 tax
- $520,418
- Market value (city estimate)
- $11,805,000
- Taxable value
- $4,797,360
- Assessed land
- $393,300
- Assessed improvements
- $4,918,950
Zoning
C6-2A: floor area ratio 9.97 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.
Landmarks
Part of Tribeca West Historic District: Historic District, Tribeca West Historic District (Historic District). 12 Landmarks Preservation Commission permits are on file.
In the news
139 Franklin Street Acquired for Planned Residential Conversion in Tribeca, Manhattan, New York YIMBY, Jul 23, 2025.