# 139 Franklin Street, Manhattan

Industrial · built c. 1915 · Block 179, Lot 66.

On Umarelli: https://umarelli.org/nyc/1001790066/139-franklin-street

More construction in Tribeca: https://umarelli.org/nyc/manhattan/tribeca.md

## 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](https://newyorkyimby.com/2025/07/139-franklin-street-acquired-for-planned-residential-conversion-in-tribeca-manhattan.html), New York YIMBY, Jul 23, 2025.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology