Alexico Group | The Real Deal New York

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Alexico Group

150 East 58th Street, #33
New York, NY
(212) 371-8188
Website
alexico-group

Alexico Group is a New York-based luxury condominium and hotel developer, best known for the Herzog & de Meuron-designed tower at 56 Leonard Street, built in conjunction with Hines. Like many firms, Alexico ran into trouble in the financial crisis, going into foreclosure on two of its buildings (Flatotel and Alex Hotel) in 2012.


07/18/17
...on the money - $230 million Izak Senbahar’s Alexico Group refinanced the Mark Hotel on the Upper East Side with $230 million from JPMorgan Chase...

06/23/17
...Leonard in Tribeca and Alexico Group...

06/02/17
...Izak Senbahar and the Mark Hotel Alexico Group refinanced the Mark Hotel on the Upper East Side with a $230 million loan from...

05/30/17
...-square-foot penthouse at 56 Leonard Street asking $28 million. Developer Alexico Group put the four-bedroom condo into contract in 2013. In April, the unit closed for $21.8 million...

05/26/17
...million to buy one of the penthouses at Alexico Group and Hines’ long-in-the-making 56 Leonard Street. And at the other end of the block across...

05/17/17
...It's been a decade since Alexico Group began work at 56 Leonard, but a new time-lapse video released by the developer speeds...

05/08/17
...week was for a $15 million flip at the Alexico Group’s 56 Leonard Street. The 3,576-square-foot, four-bed pad originally closed for $11.4 million in March. The...

04/17/17
...for $26.8 million, property records show. Penthouse 58 at the Alexico Group and Hines-developed building was last asking $34.5 million, according to the listing, meaning the Shaulovs...

04/07/17
...To live at the Alexico Group...

04/03/17
...funds have listed holdings that include interests in Alexico Group’s 56 Leonard Street and Hines’ Moma Tower condos. On March 17, however, Cohn filed a...

02/13/17
...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...

01/27/17
...million to combine two penthouse units at 56 Leonard, Alexico Group...

08/05/16
...Jan 8, 2016 at 12:12pm PST 56 Leonard in Tribeca Developer: Alexico Group, Hines Alexico Group and Hines’ 56 Leonard has been described as a larger-than-life Jenga set...

05/11/16
...milestone. Construction on the glass-stacked tower, developed by Alexico Group and Hines, started in 2007 only to endure delays during the financial crisis. Sales launched...

04/03/16
...ceilings,” said Izak Senbahar, the president of the Alexico Group, a developer behind the TriBeCa condo tower 56 Leonard...

03/25/16
...new eight-foot ceilings,” Izak Senbahar, president of the Alexico Group, told the New York Times. Alexico Group is developing the 60-story, 145-unit condo tower...

02/02/16
...Ambroeus. The borrower on the loan is the Alexico Group, which owns the properties at 25 East 77th Street – also known as 992-998 Madison Avenue...

11/04/15
...days) and the Aldyn at 60 Riverside Boulevard (1,317 days). Alexico Group brought on Hines to co-develop 56 Leonard and help the firm score a $350 million construction...

10/07/15
...almost met their target for the 199-unit building. Alexico Group’s 56 Leonard Street had its offering plan declared effective a month earlier, in January...

09/25/15
...The tower’s developer, Izak Senbahar of the Alexico Group, said that the slow-down in $20-million-plus sales isn’t specific to Lower Manhattan and...

07/26/15
...and the other asking $17.7 million. Construction on the Alexico Group and Hines developed tower is scheduled for completion by the end of the year...

06/04/15
...Group's Ziel Feldman, The Moinian Group's Joe Moinian, Alexico Group president Izak Senbahar and the Marketing Directors' Adrienne Albert discuss New York City's luxury...

05/12/15
...the Metropolitan Pavilion, where they were joined by Alexico Group’s Izak Senbahar and the Marketing Directors’ Adrienne Albert. In a wide-ranging discussion, they...

05/04/15
...the likes of Xinyuan Real Estate's John Liang, Alexico Group CEO Izak Senbahar, HFZ Capital's Ziel Feldman, the Moinian Group's Joseph Moinian and Marty...

04/21/15
...this," she said of the space, which the Alexico Group renovated for around $100 million before the bust. Tucked under the table is a black...
  • Event Financing
  • Address 25 East 77th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 8,100
  • Price $ 60,000,000
notes
The company secured a $60 million mezzanine loan.
  • Event Sales
  • Building Name 953-961 First Avenue
  • Address 953 First Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 64,000,000
notes
The stalled development site sold for $64 million. The buyer plans to develop the site as a condominium. The project was previously designed as a rental building by Alexico Group.
  • Event Financing
  • Address 56 Leonard Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Alexico Group
notes
A $350 million construction loan was secured for the 830-foot condo project. The development stalled following the financial crisis but restarted in October 2012. A sales effort led by Corcoran Sunshine Marketing Group is set to begin this quarter. New construction condo building.
  • Event Sales
  • Address 400 East 67th Street
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Price $ 61,600,000
notes
The retail condos sold for $61.6 million.
  • Event Sales
  • Address 201 East 25th Street
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Price $ 15,050,000
  • Price per foot $ 169,101.00
notes
The package of 29 apartments at 201 East 25th Street and 60 units at 200 East 27th Street sold in a foreclosure auction for $15.05 million. The price comes out to about $169,101 per apartment. Includes 200 East 27th Street.
  • Event Retail Leasing
  • Address 1240 First Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 4,000
notes
The bank signed a lease at the base of the Laurel condo for another location.
  • Event Sales
  • Address 230 Riverside Drive
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 183,200
  • Price $ 41,400,000
  • Price per foot $ 225.98
notes
Alexico purchased nearly half of a 261-unit condo conversion for $41.4 million, paying prices ranging from $137,000 to $555,000 for each home.
  • Event Retail Leasing
  • Building Name Mark Hotel
  • Address 996 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 600
  • Publication Date 05/01/2008
  • Event Date 03/22/2008
  • Party 1 Alexico Group
  • Party 1 Brokerage RKF
  • Party 1 Broker Beth Rosen, Sal Ferrigno
  • Party 2 Jack Vartanian
  • Party 2 Brokerage Eychner Associates
  • Party 2 Broker Alex Cesar
notes
The Brazilian jeweler inked a 10-year lease. The reported asking rent was $1,000 per square foot.
  • Event Office Leasing
  • Address 373 Third Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 2,600
notes
Company planning expansion throughout NY area
  • Event Office Leasing
  • Address 373 Third Avenue
  • Neighborhood Kips Bay
  • Borough Manhattan
  • Square feet 2,600
notes
Company planning expansion throughout NY area
Manhattan, 10075
MADISON SEVENTY-SEVE
...
Manhattan, 10014
Alexico Group
...
Manhattan, 10022
Alexico Group
...
Manhattan, 10065
...
Manhattan, 10013
Alexico Group, 56 LEONARD, LLC
...
Manhattan, 10019
Chetrit Group, 135 WEST 52ND STREET OWNER LLC
135 West 52nd Street, formerly Midtown Flatotel hotel, is being converted to a...
Manhattan, 10022
Toll Brothers, TOLL FIRST AVENUE LLC
The Sutton, at 959 First Avenue, is an under construction condo high-rise in...

...system, the company has an ongoing case against Alexico Group and Lendlease for work it performed at 56 Leonard Street, a 57-story condo project in...

11/04/15
...days) and the Aldyn at 60 Riverside Boulevard (1,317 days). Alexico Group brought on Hines to co-develop 56 Leonard and help the firm score a $350 million construction...

10/07/15
...almost met their target for the 199-unit building. Alexico Group’s 56 Leonard Street had its offering plan declared effective a month earlier, in January...

...Rudin Management and Global Holdings’ Greenwich Lane, the Alexico Group and Hines’ 56 Leonard and Macklowe Properties’ 432 Park Avenue. “Four-three-two is its own animal,” said...
Manhattan, 10014
Alexico Group
...
Manhattan, 10065
...
Manhattan, 10013
Alexico Group, 56 LEONARD, LLC
...
Manhattan, 10019
Chetrit Group, 135 WEST 52ND STREET OWNER LLC
135 West 52nd Street, formerly Midtown Flatotel hotel, is being converted to a...
Manhattan, 10022
Toll Brothers, TOLL FIRST AVENUE LLC
The Sutton, at 959 First Avenue, is an under construction condo high-rise in...
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