Michael J. Franco Team at Compass

Michael J. Franco Team at Compass Michael J. Franco has a deep knowledge & understanding of the New York City real estate market, ensuring that his clients receive the results they deserve.

With over 20 years of experience as a broker, attorney and investor, Michael Franco is a consummate professional, and is recognized as one of the top producing brokers at Compass. Michael prides himself not only as a salesperson but as a counselor and a customer service expert and absolutely loves his job which is readily apparent to all of his clients.

The only duplex apartment at The Howard House.A rare 4-bedroom prewar residence with 10’4” ceilings, gracious entertaini...
06/03/2026

The only duplex apartment at The Howard House.

A rare 4-bedroom prewar residence with 10’4” ceilings, gracious entertaining space, and a smart separation of private living.

Set between Central Park and Riverside Park.

Now offered at $2,565,000.

New York’s pied-à-terre tax has officially passed, and beginning July 1, 2026, certain non-primary residences valued ove...
06/02/2026

New York’s pied-à-terre tax has officially passed, and beginning July 1, 2026, certain non-primary residences valued over $5 million will face a new annual surcharge.

For houses, the rate ranges from 0.8% to 1.3%, depending on value. For condos and co-ops, the calculation is more complicated because it initially relies on DOF assessed market value rather than simple fair market value.

Will this end demand for New York luxury real estate? No.

But it may change the conversation for some owners and buyers, especially those holding apartments they only use occasionally.

If you are trying to understand how this could impact value, timing, or your broader ownership strategy, I would be happy to walk you through it.

Michael J. Franco
[email protected]
917.817.4122

Set within the famed Emery Roth-designed 15 West 81st Street, this sun-filled corner residence offers open sky views, gr...
05/31/2026

Set within the famed Emery Roth-designed 15 West 81st Street, this sun-filled corner residence offers open sky views, grand proportions, beautifully renovated interiors, and the kind of classic layout that continues to define timeless New York living.

Just off Central Park West, across from the Museum of Natural History, and moments from Central Park.

𝟭𝟱 𝗪 𝟴𝟭𝘀𝘁 𝗦𝘁𝗿𝗲𝗲𝘁 #𝟴𝗝, 𝗠𝗮𝗻𝗵𝗮𝘁𝘁𝗮𝗻, 𝗡𝗬 | $2,275,000

Michael J. Franco
[email protected]
917.817.4122

𝗝𝗨𝗦𝗧 𝗦𝗢𝗟𝗗 in Gramercy | 250 East 21st Street, Unit 8FReal estate moves quickly, but my goal remains the same: to listen ...
05/25/2026

𝗝𝗨𝗦𝗧 𝗦𝗢𝗟𝗗 in Gramercy | 250 East 21st Street, Unit 8F

Real estate moves quickly, but my goal remains the same: to listen closely, advise thoughtfully, and guide my clients through the process with clarity from start to finish.

Thinking about your own real estate goals? I would be pleased to help you navigate the market with confidence.

917.817.4122
Michael J. Franco

Happy Memorial Day weekend from Connecticut!
05/24/2026

Happy Memorial Day weekend from Connecticut!

Why do so many NYC buildings have assessments right now?It usually comes down to a few things happening at once.• Buildi...
05/23/2026

Why do so many NYC buildings have assessments right now?

It usually comes down to a few things happening at once.

• Buildings are getting older.
• Repairs are more expensive.
• Local Law 11 work is required.
• Some projects were delayed during the pandemic.
• And many boards are trying to protect their reserve funds.

That is why buyers are seeing more assessments in co-ops and condos across the city.

But an assessment is not always a bad sign.
Sometimes it means the building is doing the work it needs to do.

The real question is why the assessment exists, how long it will last, and what it is paying for.

Those details matter when you are buying, selling, or trying to understand value.

If you are looking at a building with an assessment, we happy to help you understand what it really means.

𝗠𝗶𝗰𝗵𝗮𝗲𝗹 𝗝. 𝗙𝗿𝗮𝗻𝗰𝗼
[email protected]
917.817.4122

Turtle Bay Gardens has long been one of Manhattan’s quiet treasures.Representing Stephen Sondheim’s longtime residence w...
05/20/2026

Turtle Bay Gardens has long been one of Manhattan’s quiet treasures.

Representing Stephen Sondheim’s longtime residence within this historic enclave was a true honor.

This was more than a remarkable New York townhouse. It was a home with architectural character, cultural significance, and a story that resonated far beyond the city.

A historic address.
A private enclave.
A home connected to one of the great creative legacies of our time.

𝗠𝗶𝗰𝗵𝗮𝗲𝗹 𝗝. 𝗙𝗿𝗮𝗻𝗰𝗼
[email protected]
917.817.4122

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