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Franklin St. site for sale.


Grubb & Ellis Company announced the availability of the fee simple interest in 70-72 Franklin St.

The TriBeCa property, located on the corner of Franklin Place and between Church Street and Broadway, will be marketed by investment sales professionals Vincent Carrega and Neil Helman.

Built circa circa
prep. Abbr. ca
In approximately; about.
 1915, the architecturally significant, five-story loft building totals 21,375 s/f of above grade space plus a basement This article is about the section of a building. For the foundation, see Basement rock.

A basement is one or more floors of a building that are either completely or partially below the ground floor. Slab-on-grade buildings do not have basements.
 and sub-basement. The property has light on three sides and floors that measure approximately 4,308 square feet.

Unused development rights could potentially be used for the construction of a penthouse penthouse

Enclosed area on top of a building. A penthouse can be an apartment on the roof or top floor of a building or a structure on the roof housing the top of an elevator shaft, air-conditioning equipment, or stairs leading to the roof.
 addition. Given its location in TriBeCa, the building represents an excellent opportunity for significant residential redevelopment. Five of the eight residential units are occupied by Interim Multiple Dwelling dwelling

an abnormality of gait in a horse in which there is a momentary hesitation before the foot is placed on the ground.
 tenants, while the remaining units will be delivered vacant.

70-72 Franklin St. also offers a notable multilevel mul·ti·lev·el  
adj.
Having several levels: a multilevel parking garage.

Adj. 1. multilevel - of a building having more than one level
 opportunity for a retailer Incorporating the ground floor and basement, a retailer could create a unit of over 8,000 s/f of selling space.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Date:May 9, 2007
Words:165
Previous Article:Upper West Side package sold by Cornerstone.
Next Article:Trinity announces expansion at 304 Hudson Sq. property.



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