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Franklin Street is a local station on the IRT Broadway-Seventh Avenue Line of the New York City Subway. Located at the intersection of Franklin Street, Varick Street, and West Broadway, it is served by the 1 train at all times, and the 2 train late nights.
The station has two side platforms and four tracks, with no crossover or crossunder. The full-time entrance is on the uptown side, on a traffic island where Varick Street and West Broadway meet. There is a kiosk reminiscent of the original IRT kiosks at 72nd Street and Bowling Green, but it was added during the station's renovation during the mid-1990s. The downtown entrance is on the west side of West Broadway, but the booth is not staffed at all times. There are part-time high-exit turnstiles one block north, at North Moore Street, on both the uptown and downtown sides.
There are "store window"-style art displays on the southbound platform and a newsstand on the northbound side. The mosaic bands and panels were kept during the renovation, which saw the original wall tile replaced. There are "Franklin Street" large mosaics, small "F" mosaics and directional mosaics "To Franklin St." and "To North Moore St." The tile floor features rose colored highlights.