Quick flip: New owner lists 56 Leonard penthouse for $35M

An LLC purchased the unit for $29M

TRD New York /
Feb.February 13, 2017 12:30 PM

Penthouse at 56 Leonard Street

Just a few weeks after buying a four-bedroom penthouse at 56 Leonard, the new owners are trying to flip it for $35 million.

The mystery owner, identified only as South Shore Investments LLC, purchased the penthouse for $29 million in late January and just placed the property back on the market for $35 million, Curbed reported. The 53rd-floor unit spans 6,400 square feet and includes more than 1,000 square feet of terrace space.

The listing is being handled by Leonard Steinberg and Toni Haber of Compass.

Sales launched in the 60-story tower, developed by Alexico Group and Hines, in March 2013, following several years of delays. Herzog & de Meuron designed it.

Another penthouse unit that was listed for $47 million is currently in contract, as well as another that was listed for $34.5 million. South Shore purchased the 53rd-floor unit along with another condo on the 54th floor. For now, it appears the LLC will hold onto the latter unit. [Curbed] — Kathryn Brenzel 


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