5 Franklin Place

Celebrities, Recent Sales, Tribeca

Marv Albert and 5 Franklin Place

It was all the way back in the fall of 2014 that sportscaster Marv Albert sold his Lincoln Square penthouse for $15 million. We’re not sure where he’s been living since, but he’s just picked up another penthouse, this time at 5 Franklin Place in Tribeca, the new luxury condo from ODA Architects. According to city records released today, “the voice of basketball” paid $10.3 million for the 3,700-square-foot, four-bedroom home that comes with an additional 660 square feet of terrace space.

See what the place looks like

Policy, Tribeca

view of a brick wall

We’re always hearing about big-ticket condo buildings selling out–or nearly so–almost as soon as the first shovel hits the ground. While there’s plenty of proof that preconstruction purchasing is a way to get in on the ground floor–so to speak–of a building whose value often skyrockets as soon as its elegant, move-in-ready homes hit the market, handing over a pile of cash and/or a big financial commitment based on a glossy brochure is still a huge leap of faith. Case in point, the New York Post brings us the tale of a buyer who took the leap for a $1.39 million Tribeca apartment with sweeping city views–and landed a pad with views of the brick wall next door.

Find out what happened

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