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88 Franklin Street

562Records
17City systems
0Open violations
1Penalty rate
Manhattan · ZIP 10013 · Neighborhood: Tribeca-Civic Center
Open in the map

562 recorded events, 1988–2026, from 17 city data systems. The city's paper trail here is mostly 108 ACRIS deeds & mortgages, 102 DOB permits, 92 311 service requests.

BoroughManhattan 10013
Built1883
Floors7
Res. units5
ClassRM
Owner (PLUTO)88 FRANKLIN STREET GROUP LLC
BBL1001757505
BIN1084762

Full record, year by year   Support this site

GRADE A

The city's published records show little recorded distress here in the last three years. More recorded distress than 77% of 1-5-unit residential buildings citywide. The citywide median for 1-5-unit residential buildings is 0 penalty points per 10 units; this building carries 1. In ZIP 10013, 70% of residential buildings hold an A and 5% grade D or F. How grades work

this building
A
C

Among 699,345 1-5-unit residential buildings citywide · left is less recorded distress, right is more

Open with the city right now

No current HPD flags in the latest weekly snapshot: no open violations, no pending litigation, no active vacate orders, and not in the Alternative Enforcement Program.

Patterns

No heat or hot-water complaints in the last three years.

No bedbug-infested units reported in the last three years of filings.

What 311 hears from this address

21 service requests in the last three years. Most common: Noise (9) · Street Condition (3) · Indoor Air Quality (2) · Water System (2) · Air Quality (1) · Construction Lead Dust (1).

Filed construction activity

$2,782,405 in permitted construction work filed since 2016 (26 filings with a declared cost) — a rough measure of how actively the owner maintains the building. Permit costs cover filed construction work only — they do not capture routine maintenance or repairs done without a permit.

Rent-stabilization signals

YesBuilt before 1974 (1883)
NoSix or more residential units (5)
No421-a / J-51 tax benefit on the current tax roll

1 of 3 signals present. Only a partial profile — stabilization is possible but less likely. The definitive answer for any unit: request its rent history from NYS Homes & Community Renewal (free, at hcr.ny.gov).

Registered with HPD — the names behind the building

Registered owner(s)88 FRANKLIN STREET CONDOMINIUM
Head officerKENAN TURNACIOGLU
Managing agentMERCHANTS PROPERTIES, INC.
Last registered2025-08-29

as filed by the owner in the building's HPD registration

What the city thinks it's worth

Tax yearCity market valueAssessed value
2025$6,782,400 $3,052,080
2026$2,741,829 $1,233,823
2027$2,783,627 $1,252,632

The city's market estimate has fallen 59% between tax years 2025 and 2027.

Restaurants in this building

RestaurantCuisineGradeNotes
Aire Ancient BathsJuice, Smoothies, Fruit SaladsA—

Report to 311: Food poisoning · Food safety complaint

1 restaurant · 0 with mice evidence · See them on the Mice Map

Flood exposure

Not in the FEMA 1%-annual-chance floodplain (2015 preliminary maps).

Hurricane evacuation zone 4 of 6 — zone 1 evacuates first.

Not in the city's stormwater (cloudburst) flood maps under any modeled scenario.

No street-flooding or sewer-backup complaints on record at this address.

Sources: FEMA flood maps (coastal), NYC DEP Stormwater Flood Maps (cloudburst), NYC hurricane evacuation zones, and 311 records for this address.

Getting around

SubwayCanal St — A C E · 600 ft straight-line (about a 3-minute walk) · station accessibility: none
Franklin St — 1 · 600 ft straight-line (about a 3-minute walk) · station accessibility: none
BusNearest boarding stop: 6 Av / White St — M55 · 400 ft
Citi BikeLeonard St & Church St · 350 ft · station location as of 2026-09-23; live availability
School zones (2024–25 map)Elementary: Spruce Street School
Middle: J.H.S. 104 Simon Baruch. Confirm with the DOE's school search.

Distances are straight-line, not walking routes. Transit locations from the MTA and Citi Bike, bike facilities from NYC DOT, school zones from the DOE's 2024–25 maps.

Report a problem to 311

88 Franklin Street

Heat or hot waterHeat or hot water
Apartment maintenanceApartment maintenance
Bed bugsBed bugs
Residential pestsResidential pests
Rats or miceRats or mice
Food poisoningFood poisoning
Food safety complaintFood safety complaint
Anything elseAnything else

21 311 service requests from this address in the last three years.

311 will ask for the address, the apartment if the problem is inside, and what's wrong. Contact details are optional for most complaints; food-poisoning reports can be anonymous. Complaints appear in the city's public 311 data, usually within a day or two, and then in the Live from 311 box on this page.

The landlord's report card

Managed by MERCHANTS PROPERTIES, INC. — 11 buildings, 128 units. Grades across the portfolio: A8 · B1 · C2. See the whole portfolio

BuildingBoroughUnitsGrade
20 Clinton Street MN38 A
960 Amsterdam Avenue MN20 C
213 West 23 Street MN12 A
46 Lispenard Street MN11 B
216 Calyer Street BK10 A
372 Broome Street MN9 A
19 West 8 Street MN8 A
122 East 25 Street MN6 A
88 Franklin Street MN5 A
182 Lafayette Street MN5 A
32 Clinton Street MN4 C

Sales, deeds & mortgages

DateRecordAmountPer res. unit
2026-07-31Agreement $1,499,999 — from POLLOCK, THADDEUS to FIRST REPUBLIC BANK $1,499,999
2024-07-31Agreement $3,208,186 — from BERLEY, ALEXANDER to JPMORGAN CHASE BANK, N.A. $3,208,186
2024-07-31Mortgage $1,208,186 — from BERLEY, ALEXANDER to JPMORGAN CHASE BANK, N.A. $1,208,186
2021-11-18Agreement $1,499,999 — from POLLOCK, THADDEUS to FIRST REPUBLIC BANK $1,499,999
2021-11-18Mortgage $500,000 — from POLLOCK, THADDEUS to FIRST REPUBLIC BANK $500,000
2021-04-19Agreement $4,996,093 — from TURNACIOGLU, KENAN; TURNACIOGLU, KRISTIN to JPMORGAN CHASE BANK, N.A $4,996,093
2021-03-29Agreement $2,171,000 — from TIGAY, EYTAN to BANK OF AMERICA, NA $2,171,000
2021-03-29Mortgage $545,046 — from TIGAY, EYTAN to BANK OF AMERICA, NA $545,046
2020-11-24Mortgage $2,000,000 — from BERLEY, ALEXANDER to JPMORGAN CHASE BANK, N.A. $2,000,000
2020-08-04Mortgage $1,000,000 — from FERREIRA, ELIZABETH MARIE; KANE, JEREMIAH TABOR to SILICON VALLEY BANK $1,000,000
2020-03-20Deed $6,700,000 — from DESANTIS, GIORGIO to THE ARROWHEAD GROVE TRUST; JEREMIAH TABOR KANE, TRUSTEE; THE MARION NORTHWOOD TRUST; ELIZA $6,700,000
2020-03-13Sold for $6,700,000 $6,700,000 $1,340,000
2020-02-21Agreement $1,760,000 — from TIGAY, EYTAN to WELLS FARGO BANK, N.A. $1,760,000
2020-02-21Mortgage $43,052 — from TIGAY, EYTAN to WELLS FARGO BANK, N.A. $43,052
2017-05-24Mortgage $7,800,000 — from TURNACIOGLU, KRISTIN; TURNACIOGLU, KENAN to JPMORGAN CHASE BANK NA $7,800,000

Ten-year activity

50250
2017
2018
2019
2020
2021
2022
34
2023
2024
2025
2026
ConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systems
Show as table
YearConstructionEnforcementHousing & tenantsOwnership & moneyHealth & systemsTotal
201751010521
20186010512
20197010412
20205438424
20213387526
20229181524
202363201434
20247083523
20256651523
20265081115
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The full timeline

Construction 197Enforcement 103Housing & tenants 102Ownership & money 111Health & systems 49

Every one of the 562 recorded events, 1988–2026, is laid out year by year in the full report (print-ready).

Explore: ZIP 10013 · Landlord rankings · How grades work · The map · The Mice Map