An unknown buyer paid $800K above ask for 56 Leonard’s priciest penthouse

Only two unsold units remain at Alexico Group's Jenga-like condo building

TRD New York /
Jun.June 23, 2017 12:05 PM

Four years after going into contract, a mystery buyer shelled out nearly $48 million for the priciest penthouse at Alexico Group’s 56 Leonard in Tribeca.

The buyer — identified in public records as Delaware-based Uticon Investment Holdings LLC — paid $47.86 million for Penthouse 60, one of the last unsold units at the Jenga-like condominium tower. That was above the asking price of $47 million, or $6,026 per square foot, according to StreetEasy. The 7,799-square-foot spread has four bedrooms and features a library, conservatory and exercise room.

Alexico has put more than a decade of work into 56 Leonard, which stalled during the financial crisis. After bringing Hines on board in 2013, the partners jumpstarted construction and launched sales. Closings began last year.

Last month, a buyer closed on Penthouse 59 for $29 million, slightly below the asking price of $31.5 million. Another unknown buyer paid $56 million to combine two units on the 53rd and 54th floors into a massive 11,892-square-foot pad. Known buyers include Leon Shaulov, a portfolio manager at the defunct Galleon Group, who paid $26.8 million.

The building has two units remaining, including a half-floor penthouse asking $17.75 million and a $3.175 million one-bedroom.


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