The Real Deal New York

Steinberg sells Chelsea condo for $2.7M — more than double what he paid

Elliman broker and business partner Herve Senequier own several investment properties

April 25, 2013 03:30PM
By Hayley Kaplan

251 West 19th Street and Leonard Steinberg and Herve Senequier

251 West 19th Street and Leonard Steinberg and Herve Senequier

Leonard Steinberg and Herve Senequier of Douglas Elliman not only rake in the big bucks with multi-million dollar luxury apartment sales, they also flip investment properties across New York City. Their most recent deal is the $2.68 million sale of a condominium at 251 West 19th Street in Chelsea, property records filed today with the city show.

Steinberg and Senequier, both part of Elliman’s LuxuryLoft team, sold the two-bedroom, two-bathroom unit to Cindy and Craig Waldman of Rolling Hills Estates, Calif., records show.

Steinberg and Senequier purchased the condo for just $1.15 million in 2005. They listed the property themselves in January for $2.75 million.

The pair sold the condo to invest in another property, Senequier said, but declined to specify where or discuss their other real estate holdings. Steinberg did not respond to requests for comment.

“You always invest in the things you know the best,” Senequier told The Real Deal.

Steinberg also owns a condo at 200 Eleventh Avenue, also in Chelsea, which he purchased in 2010 for $2.76 million, city records show. The LuxuryLoft team has been very active in marketing the development.

Senequier, meanwhile, also owns a condo at the Petersfield at 115 Fourth Avenue in the East Village, which he purchased in 1995 for just $430,000, records show. The two-bedroom, two-bathroom condo has been listed as a rental four times at prices ranging from $7,500 to $8,500 per month since December 2008, StreetEasy shows. It is unclear if the unit was ever rented.

2 Responses to “Steinberg sells Chelsea condo for $2.7M — more than double what he paid”

  1. April 25, 2013 at 3:55 pm, Sh!t My Tenants Say said:

    A sale 8 years later is not a “Flip”

  2. April 26, 2013 at 8:57 pm, Iamright said:

    Two big Schmucks

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