The Real Deal New York

Financier drops $30M on two pads at 1 Great Jones Alley

Marc Leder's new apartments collectively span more than 9K sf
November 10, 2016 10:00AM

Rendering of 1 Great Jones Alley (Credit: MARCH) and Marc Leder (Inset)

Rendering of 1 Great Jones Alley (Credit: MARCH) and Marc Leder (Inset)

Private equity executive Marc Leder — who’s famous for throwing grandiose parties in the Hamptons — might be bringing the ragers to Noho. The financier bought two apartments at Madison Realty Capital’s 1 Great Jones Alley for a combined $30 million, according to the New York Post. 

The 5,595-square-foot penthouse duplex, which features four bedrooms and 1,000 square feet of outdoor space, was asking $23.7 million. The second unit, which is located just below the penthouse on the 10th floor and spans 3,300 square feet, was asking $9.9 million.

Douglas Elliman’s TRData LogoTINY John Gomes and Fredrik Eklund are marketing the 16-unit, 12-story luxury building at 688 Broadway. According to StreetEasy, nine of the units are under contract. Leder was represented by Elliman’s Tal and Oren Alexander, and Clayton Orrigo, according to the Post.

Leder, the CEO of Sun Capital Partners, is based in Boca Raton and made his first investment in New York City real estate with the purchase, the Post reported. Sun Capital Partners has an office in Manhattan.

The divorced financier in the past has made headlines for throwing over-the-top parties in the Hamptons, complete with celebrities, hordes of nude women and liquor by the gallon.

Madison Realty Capital principal Josh Zegen has targeted a $130 million sellout for the Noho condo, hitting about $2,640 a square foot. The firm received a $58 million in construction financing last year. [NYP]Miriam Hall