Mariah Carey is quietly testing the market for one of Tribeca's flashiest aeries, listing her three-floor penthouse at Franklin Tower for $27 million. The triplex, perched atop 90 Franklin Street, has been part of the singer's New York profile for decades. Its arrival on the open market coincides with public filings that show sizable loans tied to the property, raising fresh questions about whether debt is part of the story behind the sale.
Listing details
The listing on Redfin pegs the spread at roughly 12,728 square feet, plus about 1,100 square feet of private outdoor space. The penthouse wraps the top of the building with sweeping 360-degree views, a generous rooftop terrace, and an indoor-outdoor room with a fireplace. It occupies the 16th through 18th floors of Franklin Tower and is being marketed by CORE's Emily Beare, according to Xome.
Loans and public records
Public records tell a less glamorous side of the story. Reporting by the New York Post points to roughly $18.6 million in outstanding loans tied to the Franklin Tower penthouse. According to those filings, a JPMorgan mortgage was refinanced to about $17.6 million in August 2016 and later increased to $18.6 million in April 2018, with earlier borrowing activity dating back to 2009 and a separate City National Bank loan recorded in 2015.
How the triplex came together
Carey did not acquire the sky-high spread in a single move. She assembled the triplex by purchasing two units in 1999 for roughly $9 million, according to the Observer, and later brought in interior decorator Mario Buatta to shape the combined space. Over the years, the home has become part of pop-culture lore, appearing on MTV's "Cribs" and in design writeups that helped cement its cachet.
What comes next
Syndicated listing pages flag this as the penthouse's first time on the open market, a rarity for a property of this scale that can sharpen buyer interest, according to Howard Hanna. As showings get underway, whether offers hew close to the $27 million asking price or tilt more toward satisfying lenders will determine how this chapter plays out for the building and for Carey's downtown holdings.
