This Turnkey Penthouse in N.Y.C. Could Fetch $4.5 Million at Auction

New York’s artsy elite—from Jay-Z and Beyoncé to the late JFK Jr.—have long been drawn to Tribeca, paying top dollar for spacious, modern residences, often in converted industrial buildings, and strolling its cobblestone streets lined with high-end shops and chic eateries.

The duplex penthouse at 100 Franklin Street, an 8-story, 10-unit LEED-certified boutique condominium completed in 2019, offers a turnkey way to quickly embrace the downtown lifestyle. Offered fully furnished and co-listed with Tracie Golding and Peter Boehm of Compass at $3.5 million—down 46 percent from the $6.5 million price in March—the residence is now headed to auction, with a starting bid estimated between $3.5 million and $4.5 million. Concierge Auctions is handling the sale, which runs from April 2nd through April 16th.

“This Tribeca penthouse combines the best of luxury living in New York City,” says Chad Roffers, CEO and co-founder of Concierge Auctions in a statement, while also speaking to its natural lighting and luxe fixtures throughout. Golding also mentions that it “offers a unique balance of energy and discretion in the heart of one of Manhattan’s most sought-after neighborhoods.”

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Those who follow the neighborhood’s real estate market know the condo has been on and off the market for the last seven years. It was first listed for $6.99 million in 2019 by Douglas Elliman. Since then, it’s been taken off the market twice and received just as many price cuts, according to property records. Despite that, the apartment is a rare find in the Big Apple’s downtown area, and here’s why.

The building—and the penthouse itself—has a triangular shape, designed to fit an irregular corner lot, giving it its first degree of distinction. Indeed, the abode’s geometric blueprint feels like a subtle nod to Tribeca’s art-world heritage that carries on via local hotspots like the Bortolami Gallery. Other standout features include open eastern exposures across two interior levels and a private rooftop terrace overlooking the Barnett Newman Triangle, named for the renowned Abstract Expressionist painter who once lived nearby on White Street.

Light-filled living, dining, and kitchen areas are spread across the lower level, where large, picturesque windows frame surrounding skyscrapers with glimpses of the building’s red-brick facade. Custom larch flooring is another key detail trailing the nearly 2,900-square-foot residence with three bedrooms and three full bathrooms. Of its two en suite baths, the primary’s tile-floor version with a freestanding tub appears most relaxing.

A glass-enclosed staircase climbs to the rooftop terrace, where there’s plenty of space to create dining and lounge areas for hosting and entertaining large groups. With summer on the horizon, it’s an ideal spot to take in sunsets made glamourous by the city’s glittering skyline. You can register to bid on the penthouse via conciergeauctions.com or contact Compass.

Click here for more photos of the Tribeca penthouse.