Legion, Nahla Capital Nab Buyer For $90M UES Penthouse

Developers Victor Sigoura and Genghis Hadi landed a buyer for the penthouse at their Upper East Side project, asking $89.5 million.

The pending deal for the duplex and rooftop space at 1122 Madison Avenue is among the most expensive inked so far this year, second only to a signed contract for multiple units at Zeckendorf Development and Atlas Capital’s 80 Clarkson Street asking $129 million (Sources confirmed the sale to The Real Deal, though the building has not yet publicly released information about signed contracts.)

The 9,400-square-foot apartment was the priciest of 23 homes in Manhattan asking $4 million or more to find buyers last week, according to Olshan Realty’s weekly report. The total, likely impacted by a shortened President’s Day week, was down from the previous period, which saw 31 properties enter contract.

Contracts for other condos at 1122 Madison Avenue, asking $39 million and $36.5 million, dominated Manhattan’s luxury market in Olshan’s previous report. The building, developed by Sigoura’s Legion Investment Group and Genghis’ Nahla Capital, has already sold 18 of its 26 units since it launched sales in mid-January. Construction on the project is expected to be completed in 2027.

The penthouse has seven bedrooms, seven bathrooms and roughly 2,000 square feet of outdoor space across three terraces, one loggia and three balconies. It also features an eat-in kitchen, library, outdoor kitchen and double-height great room with views of Central Park.

A team with Corcoran Sunshine Marketing Group, led by Cathy Franklin, is heading sales at the project. Amenities in the building include a fitness center, squash court, cold plunge pool and media room.

The second most expensive property to find a buyer was a sprawling six-story townhouse in Greenwich Village, asking $21.5 million. The home at 125 West 11th Street, which hasn’t traded for several decades, hit the market in September 2024 asking $25 million.

Built in 1849, the home is known for housing many artists over the years, including sculptor Daniel Chester French, who created the statue of Abraham Lincoln at the Lincoln Memorial in Washington, D.C., and Broadway and Hollywood choreographer Valerie Bettis, according to a StreetEasy listing. It was also the childhood home of the author Isabel Fonseca.

The townhouse has five bedrooms and five bathrooms across roughly 7,900 square feet. It also features more than 800 square feet of outdoor space, an elevator and three studio spaces.

Compass’ Nick Gavin and Mary Ellen Cashman had the listing.

Of the 23 properties to find buyers, 14 were condos, four were co-ops, one was a condop and four were townhouses.

The homes asked a combined $291 million, which works out to an average of $12.7 million and a median of $7.4 million. The typical home was on the market for two and a half years and had a discount of 6 percent.