![]() ![]() Steinberg said, “I also think that the eastern side of Tribeca”-56 Leonard sits at the corner of Leonard and Church streets-”has gone through a radical transformation over the last five years. The penthouse’s great room will have northern, eastern and southern exposures. Steinberg added. And at nearly 800 feet up in the air in a neighborhood without a huge amount of high-rise construction, the views at the top of 56 Leonard are about as guaranteed as they get outside of Central Park and the waterfront. “I think there’s nothing stronger in real estate in Manhattan than the power of a protected view,” Mr. ![]() Jonathan Miller at Miller Samuel also thought the pricing sounded reasonable, and pointed out that Superior Ink has done sales in the mid-$3,000s per square foot. “If you look at the rest of the market to see what you can buy for that price, that’s very attractive pricing,” Leonard Steinberg of Douglas Elliman told The Observer. The Alexico Group and Houston-based Hines Interests, who are working together to develop the building, are asking $3.62 million for a 14th floor two-bedroom at 56 Leonard, which at 1,733 square feet only comes out to just a bit over $2,000 a foot-not bad for new construction by Pritzker Prize-winning architects! Of course, knowing the way things go, the developer may hike prices in the future. The $24 million price tag is not for the faint of heart, but at about $4,500 per square foot, it’s a steal compared to some of the new uptown construction heading skywards (432 Park and One57 are asking an average price of $6,000 per square foot, with prices rising significantly on the priciest units). The stacked-blocked form of Herzog & de Meuron 's residential tower in Tribeca, New York, is shown in these images by photographers Hufton + Crow. The penthouse, just one floor shy of the building’s top unit, clocks in at a sizable 5,252 square feet, and is carved into four, very generously-sized bedrooms. (The Herzog & de Meuron-designed tower does have one major advantage over a Jenga structure: it’s not likely to fall down anytime soon.) Just a month after the Alexico Group closed on a $350 million construction loan for the downtown tower, nine units-ranging from a lowly two-bedroom on the 14th floor to a $24 million full-floor penthouse on the 57th floor-have been listed with Corcoran Sunshine. It may look like a glass and steel version of wooden Jenga tower, but a piece of 56 Leonard Street will cost buyers considerably more than the $13 Parker Brothers game. Several other units have also debuted as rentals since.Ĭheck out of one of the 56 Leonard rentals in the gallery below as well as floorplans for all four.56 Leonard’s second most expensive unit is asking $24 million. Almost all of the tower's 145 units have sold, with only three apartments listed for sale on StreetEasy.Īnother high end luxury tower, 432 Park Avenue, recently began offering up its condos as rentals, with the building's first recorded sale - a three-bedroom that sold for $18 million - appearing as a $60,000 per month rental back in February. Prices range from $15,000 per month for a two-bedroom, two-bathroom apartment with 1,691 square feet of space, and go to up $28,000 per month for a three-bedroom, three-bathroom unit that spans 2,252 square feet.Ĭlosings at the 60-story Jenga-like tower got underway less than a month ago, over three years after sales first launched on the project. The apartments listed included three two-bedroom units, and one three-bedroom. Four apartments at the Herzog and de Meuron-designed 56 Leonard have now appeared as pricey rentals, according to listings posted on StreetEasy over the past week. ![]()
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