Warehouse · Tribeca, Manhattan

139 Franklin Street

New York, NY 10013

139 Franklin Street is a 10-floor warehouse in Tribeca, Manhattan, built in 1909, with about 56,000 square feet of industrial and storage space according to city records.

Also at 139-141 Franklin Street.

Industrial and storage space
56K SF
Floors
10
Year built
1909
Zoning
C6-2A

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Compared with its neighbors

How 139 Franklin Street compares

Next to the 3 nearest large industrial and storage buildings, all within a 20 minute walk, 139 Franklin Street ranks 2nd of 4 by industrial and storage floor area. Built in 1909, it is the oldest of them. Its estimated property tax, about $9.23 a square foot of floor area before abatements, is above the neighbors' median of $7.59.

139 Franklin Street and the 3 nearest large industrial and storage buildings: size, floors, year built, estimated property tax per square foot and last sale
BuildingIndustrial and storage spaceFloorsBuiltTax / SFLast sale
139 Franklin StreetThis building56K SF101909$9.23Jul 2025, $43.5M
131 Varick Street9 min walk236K SF111924$8.42Dec 2021, $368M (2 lots)
163 Front Street18 min walk53K SF101915$6.25Mar 2016, $390M (2 lots)
28 Second Avenue20 min walk52K SF101923$7.59Dec 2021, $73M

Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 50,000 SF of the building's main use. Walking times are straight-line estimates.

NYC tax lot records

Building facts

Other address
139-141 Franklin Street
ZIP code
10013
Building type
Warehouse (city class E1)
Total floor area
56,384 SF
Commercial floor area
56,384 SF
Industrial and storage
56,384 SF
Height
10 floors
Average floor
About 5,600 SF (floor area divided by floors)
Year built (tax records)
1915
Last major alteration
1988
Lot area
5,655 SF
Zoning district
C6-2A
Built FAR
9.97
Max commercial FAR
6
Historic district
Tribeca West Historic District
Tax lot (BBL)
1001790066

Nearest subway

  • Franklin St1 min walk · Not accessible
  • Canal St3 min walk · Not accessible
  • Chambers St5 min walk · Accessible station

Nearby large buildings

Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-09-30; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-02. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.

NYC Department of Finance records

Owner, property tax and assessed value

The Department of Finance lists AG-BSD FRANKLIN STREET OWNER, L.L.C. as the owner of record. For tax year 2026/27 the city values 139 Franklin Street at $11.8 million and assesses it at $5.31 million. After phase-ins and exemptions its taxable value is $4.8 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $520,418 a year before abatements, roughly $9.23 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.

Owner of record
AG-BSD FRANKLIN STREET OWNER, L.L.C.
Tax class
Class 4 (commercial and industrial)
City market value
$11,805,000
Land market value
$874,000
Assessed value
$5,312,250
Taxable value (phased in)
$4,797,360
Estimated yearly tax
About $520,418
Tax per SF of floor area
About $9.23

City market value by tax year

  • 2022/23$9.34 million
  • 2023/24$10 million
  • 2024/25$10.8 million
  • 2025/26$11.3 million
  • 2026/27$11.8 million

Market value rose 26% from 2022/23 ($9.34 million) to 2026/27.

How Tribeca compares: property tax per SF across NYC neighborhoods

Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-02; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.

NYC property records (ACRIS)

Sales history

139 Franklin Street last sold in July 2025 for $43.5 million, according to the deed recorded with the city. 139-141 FRANKLIN ST. REALTY CORP. sold it to AG-BSD FRANKLIN STREET OWNER, L.L.C.. That comes to about $771 per square foot of floor area.

Last sale (deed date)
July 15, 2025
Price
$43,500,000
Price per SF of floor area
About $771
Seller
139-141 FRANKLIN ST. REALTY CORP.
Buyer
AG-BSD FRANKLIN STREET OWNER, L.L.C.
Deed recorded
July 24, 2025
ACRIS document
2025072100377002
All 4 building sales in Tribeca since 2016

Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-02; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.

NYC energy benchmarking (Local Law 84)

Energy score, grade and emissions

139 Franklin Street reported an ENERGY STAR score of 60 out of 100 for 2024 in its Local Law 84 benchmarking filing. Under Local Law 33 that score earns a C (55 to 69). Its site energy use came to 37.9 kBtu per square foot, 17% below the national median of 45.9 for a similar property. Its greenhouse gas emissions were about 169 metric tons of CO2e (2.99 kg per square foot).

ENERGY STAR score (2024)
60 of 100
Grade this score earns (Local Law 33)
C (55 to 69)
Property type (Portfolio Manager)
Non-Refrigerated Warehouse
Site energy use intensity
37.9 kBtu/SF
National median for the type
45.9 kBtu/SF
Greenhouse gas emissions
169 t CO2e
Emissions per SF
2.99 kg CO2e
Floor area in the filing
56,384 SF

ENERGY STAR score by year

  • 202259 (C)
  • 202374 (B)
  • 202460 (C)

Energy sources in 2024

  • Fuel oil91%
  • Electricity9%

Share of the energy used on site, as filed.

Source: NYC Department of Buildings and Mayor's Office of Climate and Environmental Justice, NYC Building Energy and Water Data Disclosure for Local Law 84 (2024 filing), pulled 2026-10-02; grade cutoffs from the Department of Buildings energy grades page. Figures are as the owner filed them in ENERGY STAR Portfolio Manager. The grade is the one the filed score earns under the law's cutoffs; the Department of Buildings assigns the grade a building posts, which can differ.

NYC Department of Buildings permits

Work permits and build-outs

In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 139 Franklin Street. In the last two years, interior work was permitted on 10 floors (floors 1 to 10 and the cellar). The newest build-out, on floors 1 and 2 and the cellar, was first permitted in August 2026 (construction; filed cost estimate $165,000). A sidewalk shed permit here is active until October 8, 2026.

New jobs, last 12 months
4
Initial permits, last 12 months
12
Newest job first permitted
August 2026
Interior build-outs, last 24 months
2
Floors with interior work, last 24 months
1 to 10, cellar
Facade and sidewalk jobs, last 24 months
1
Sidewalk shed permit
Active until Oct 8, 2026

Recent build-outs

  • Floors 1 and 2, cellarAugust 2026Construction; est. $165,000
  • Floors 1 to 10, cellar, roofJune 2026Construction, Mechanical, Plumbing, Sprinklers, Standpipe, Structural, Neighbor protection; 2 jobs; est. $6,000

New jobs by year

  • 20210
  • 20221
  • 20230
  • 20240
  • 20251
  • 2026 to date3

Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-02 (permits issued through 2026-09-30). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

Landmarks Preservation Commission records

Architecture and history

139 Franklin Street was designed by Maynicke & Franke and built in 1909. It stands in the Tribeca West Historic District, so exterior changes and new signage go through the Landmarks Preservation Commission.

Architect
Maynicke & Franke
Constructed
1909
Style
Early-20th century Commercial
Primary material
Cast iron
Built as
Warehouse

Source: NYC Landmarks Preservation Commission, Individual Landmark and Historic District Building Database on NYC Open Data, pulled 2026-10-02. A designation can cover part of a lot, such as a facade or a lobby interior.

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Questions about 139 Franklin Street

How big is 139 Franklin Street?

139 Franklin Street has about 56,000 square feet of floor area in total, including 56,000 square feet of industrial and storage space, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.

When was 139 Franklin Street built?

The Landmarks Preservation Commission's building records date 139 Franklin Street to 1909, designed by Maynicke & Franke. City tax records list 1915 as the year built. The building is 10 floors tall.

Who designed 139 Franklin Street?

Maynicke & Franke, according to the Landmarks Preservation Commission's building records, which list the style as Early-20th century Commercial and its original use as a warehouse.

What other addresses does 139 Franklin Street have?

City records list 139-141 Franklin Street on the same tax lot (BBL 1001790066) as 139 Franklin Street. A space listed on Leasemark at any of these addresses shows up on this page.

What is the ZIP code of 139 Franklin Street?

139 Franklin Street is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 139 Franklin Street, New York, NY 10013, in Tribeca.

What is the zoning at 139 Franklin Street?

The lot is in the C6-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 9.97 and a maximum commercial FAR of 6 for this lot. It is inside the Tribeca West Historic District, so exterior changes go through the Landmarks Preservation Commission.

What subway station is closest to 139 Franklin Street?

The closest subway station to 139 Franklin Street is Franklin St (the 1 train), about 200 feet away in a straight line, roughly 1 minute on foot. Also nearby: Canal St (the A, C and E trains), 3 min walk; Chambers St (the 1, 2 and 3 trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.

Who owns 139 Franklin Street?

The NYC Department of Finance's 2026/27 assessment roll lists AG-BSD FRANKLIN STREET OWNER, L.L.C. as the owner of record of 139 Franklin Street (BBL 1001790066). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.

When was 139 Franklin Street last sold?

139 Franklin Street last sold in July 2025 for $43.5 million, according to the deed recorded with the city. 139-141 FRANKLIN ST. REALTY CORP. sold it to AG-BSD FRANKLIN STREET OWNER, L.L.C.. That comes to about $771 per square foot of floor area. The deed is ACRIS document 2025072100377002 (BBL 1001790066) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.

What is the energy grade of 139 Franklin Street?

139 Franklin Street reported an ENERGY STAR score of 60 for calendar year 2024 in its Local Law 84 benchmarking filing. Under Local Law 33, as amended by Local Law 95 of 2019, a score of 85 or higher earns an A, 70 to 84 a B, 55 to 69 a C and under 55 a D, so 60 earns a C. The Department of Buildings assigns the grade a building posts, so the posted label can differ if a filing was corrected. Its site energy use came to 37.9 kBtu per square foot, 17% below the national median of 45.9 for a similar property. Its greenhouse gas emissions were about 169 metric tons of CO2e (2.99 kg per square foot).

Is there construction at 139 Franklin Street?

In the 12 months to September 2026, the Department of Buildings issued first permits for 4 jobs at 139 Franklin Street. In the last two years, interior work was permitted on 10 floors (floors 1 to 10 and the cellar). The newest build-out, on floors 1 and 2 and the cellar, was first permitted in August 2026 (construction; filed cost estimate $165,000). A sidewalk shed permit here is active until October 8, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1001790066. A permit is approval to do the work; it does not say who the work is for or whether it is finished.

What are the property taxes at 139 Franklin Street?

The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.8 million for 139 Franklin Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $520,418 a year, roughly $9.23 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1001790066 show the actual bill.

What is the assessed value of 139 Franklin Street?

For tax year 2026/27, the NYC Department of Finance puts the market value of 139 Franklin Street at $11.8 million ($874,000 of it land) and its assessed value at $5.31 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 26% from 2022/23 ($9.34 million) to 2026/27.

Is there industrial and storage space for lease at 139 Franklin Street?

No space at 139 Franklin Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.

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