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Highlights
- Modern upgrades with new HVAC and advanced lighting throughout the property.
- Expansive 13’7” ceiling heights enhancing natural light and open sightlines.
- Located in Tribeca’s dynamic cultural and art district near galleries and fine dining.
- Historic architectural details including restored cast-iron columns and stone façade.
- Two separate entries on Franklin Street and Cortlandt Alley for improved access.
All Available Spaces(2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
Spectacular turn-key gallery available for lease. The ground floor recently underwent a stunning renovation overseen by Trimble Architecture, including façade renovation. Existing installation features an +/-715sf front gallery, +/-1,364sf main gallery, +/-324sf rear gallery/private viewing room, +/-382sf private viewing/conference room. Reception area with desk, office areas, pantry. Lower level provides art handling and storage areas, two private restrooms. The space features new HVAC, extensive state-of-the-art lighting. Plywood-backed walls. Approx. 13’7” ceilings throughout. Entrances on Franklin Street and Cortlandt Alley. Neighbors include Jack Shainman, Artists Space, Almine Rech, Alexander Gray, R & Company, among others. Shown by appointment.
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
- Finished Ceilings: 13’7”
- Located in-line with other retail
- Can be combined with additional space(s) for up to 5,600 SF of adjacent space
- Private Restrooms
- Entrances on Franklin Street & Cortlandt Alley
Spectacular turn-key gallery available for lease. The ground floor recently underwent a stunning renovation overseen by Trimble Architecture, including façade renovation. Existing installation features an +/-715sf front gallery, +/-1,364sf main gallery, +/-324sf rear gallery/private viewing room, +/-382sf private viewing/conference room. Reception area with desk, office areas, pantry. Lower level provides art handling and storage areas, two private restrooms. The space features new HVAC, extensive state-of-the-art lighting. Plywood-backed walls. Approx. 13’7” ceilings throughout. Entrances on Franklin Street and Cortlandt Alley. Neighbors include Jack Shainman, Artists Space, Almine Rech, Alexander Gray, R & Company, among others. Shown by appointment.
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
- Finished Ceilings: 13’7”
- Located in-line with other retail
- Can be combined with additional space(s) for up to 5,600 SF of adjacent space
- Private Restrooms
- Entrances on Franklin Street & Cortlandt Alley
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| Basement | 1,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Full Build-Out | 30 Days |
| Ground | 3,800 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Retail | Full Build-Out | 30 Days |
Basement
| Size |
| 1,800 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
Ground
| Size |
| 3,800 SF |
| Term |
| Negotiable |
| Rental Rate |
| Upon Request Upon Request Upon Request Upon Request |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
Basement
| Size | 1,800 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Spectacular turn-key gallery available for lease. The ground floor recently underwent a stunning renovation overseen by Trimble Architecture, including façade renovation. Existing installation features an +/-715sf front gallery, +/-1,364sf main gallery, +/-324sf rear gallery/private viewing room, +/-382sf private viewing/conference room. Reception area with desk, office areas, pantry. Lower level provides art handling and storage areas, two private restrooms. The space features new HVAC, extensive state-of-the-art lighting. Plywood-backed walls. Approx. 13’7” ceilings throughout. Entrances on Franklin Street and Cortlandt Alley. Neighbors include Jack Shainman, Artists Space, Almine Rech, Alexander Gray, R & Company, among others. Shown by appointment.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,600 SF of adjacent space
- Central Air Conditioning
- Private Restrooms
- Finished Ceilings: 13’7”
- Entrances on Franklin Street & Cortlandt Alley
Ground
| Size | 3,800 SF |
| Term | Negotiable |
| Rental Rate | Upon Request |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | 30 Days |
Spectacular turn-key gallery available for lease. The ground floor recently underwent a stunning renovation overseen by Trimble Architecture, including façade renovation. Existing installation features an +/-715sf front gallery, +/-1,364sf main gallery, +/-324sf rear gallery/private viewing room, +/-382sf private viewing/conference room. Reception area with desk, office areas, pantry. Lower level provides art handling and storage areas, two private restrooms. The space features new HVAC, extensive state-of-the-art lighting. Plywood-backed walls. Approx. 13’7” ceilings throughout. Entrances on Franklin Street and Cortlandt Alley. Neighbors include Jack Shainman, Artists Space, Almine Rech, Alexander Gray, R & Company, among others. Shown by appointment.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- Can be combined with additional space(s) for up to 5,600 SF of adjacent space
- Central Air Conditioning
- Private Restrooms
- Finished Ceilings: 13’7”
- Entrances on Franklin Street & Cortlandt Alley
Property Facts
| Total Space Available | 5,600 SF | Apartment Style | Mid-Rise |
| No. Units | 12 | Building Size | 34,153 SF |
| Property Type | Multifamily | Year Built/Renovated | 1920/1984 |
| Property Subtype | Apartment |
| Total Space Available | 5,600 SF |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 34,153 SF |
| Year Built/Renovated | 1920/1984 |
About the Property
54 Franklin Street stands at the corner of Cortlandt Alley in the heart of Tribeca, offering a distinctive historic façade complemented by modern upgrades. This building combines classic architectural charm with state-of-the-art systems, featuring new HVAC, extensive lighting, and updated finishes. Soaring 13’7” ceilings create an exceptional sense of space, while original cast-iron columns and exposed detailing preserve its character. Multiple points of entry enhance accessibility, including entrances on Franklin Street and Cortlandt Alley. The layout accommodates flexible configurations for galleries, creative offices, or showroom uses, supported by robust infrastructure and thoughtful design elements. Positioned within a vibrant cultural district, this property is near renowned art institutions, dining destinations, and major transit lines, offering unmatched connectivity. Its blend of historic elegance and contemporary functionality makes 54 Franklin a rare opportunity for businesses seeking presence in one of Manhattan’s most desirable neighborhoods.
Nearby Major Retailers
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Chinatown | 54-56 Franklin St
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