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

An LLC purchased the unit for $29M

Penthouse at 56 Leonard Street
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.

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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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