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

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.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
(iStock)

Mortgage requests surge ahead of Thanksgiving

Mortgage requests surge ahead of Thanksgiving
Vanke US managing director Kai-yan Lee, RFR’s Aby Rosen and 100 East 53rd Street (Photos via Foster + Partners and Getty)

Vanke seeks to remove RFR from Midtown condo project

Vanke seeks to remove RFR from Midtown condo project
Hippo founders Assaf Wand and Eyal Navon (LinkedIn)

Home insurance startup Hippo raises $350M

Home insurance startup Hippo raises $350M
Prices increased 6.6 percent year-over-year in September (iStock)

US home prices surged 6.6% in September

US home prices surged 6.6% in September
From left: Edison Properties CEO Robert Selsam, Ironstate Development's Michael Barry, Stellar Management founder Larry Gluck (LinkedIn; Gluck Family Foundation)

These developers could benefit the most from Soho’s rezoning

These developers could benefit the most from Soho’s rezoning
arrow_forward_ios

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

Loading...