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.
| Building | Industrial and storage space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 139 Franklin Street | 56K SF | 10 | 1909 | $9.23 | Jul 2025, $43.5M |
| 131 Varick Street | 236K SF | 11 | 1924 | $8.42 | Dec 2021, $368M (2 lots) |
| 163 Front Street | 53K SF | 10 | 1915 | $6.25 | Mar 2016, $390M (2 lots) |
| 28 Second Avenue | 52K SF | 10 | 1923 | $7.59 | Dec 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 St
- Canal St
- Chambers St
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
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
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
Energy sources in 2024
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
New jobs by year
Build-outs across TribecaWhere NYC offices are being built out
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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Tribeca
Transit hubs in Tribeca
- 1 at Franklin St
- A C E at Canal St
- 1 2 3 at Chambers St