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

An LLC purchased the unit for $29M

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

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 


Related Articles

arrow_forward_ios
Hedge fund manager Robert Citrone (Getty)
This “Tiger Cub” hedge funder owns nearly 10% of Compass
This “Tiger Cub” hedge funder owns nearly 10% of Compass
Zynga founder Mark Pincus, Hippo founders Assaf Wand and Eyal Navon, and LinkedIn co-founder Reid Hoffman (Getty, LinkedIn)
Hippo strikes $5B SPAC deal with LinkedIn, Zynga founders
Hippo strikes $5B SPAC deal with LinkedIn, Zynga founders
Opendoor CEO Eric Wu (Opendoor, iStock/Illustration by Alexis Manrodt for The Real Deal)
Opendoor revenue plunged 45% in 2020
Opendoor revenue plunged 45% in 2020
CoStar CEO Andy Florance
CoStar retreats from failed CoreLogic bid
CoStar retreats from failed CoreLogic bid
Jimmy Fallon and Nanvy Juvonen with their penthouse at 34 Gramercy Park East (Photos via Getty/Sotheby's Jeremy V. Stein and Debbie Korb)
Jimmy Fallon lists Gramercy Park penthouse for $15M
Jimmy Fallon lists Gramercy Park penthouse for $15M
In 2018, a Brookings Institution study found homes in majority-Black neighborhoods were undervalued by $48,000 on average. (iStock)
Appraisal Institute taking steps to root out racial bias
Appraisal Institute taking steps to root out racial bias
Jennifer Kalish was Elliman's top individual broker, while Holly Parker led the top team in Manhattan. (Douglas Elliman)
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Here are Elliman and Corcoran Sunshine’s top producers of 2020
Chris Jiashu Xu and Long Island City's Skyline Tower. (Skyline Tower)
Closings underway at Queens’ tallest building
Closings underway at Queens’ tallest building
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...