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56 Leonard St, Manhattan, N...

Alexico Group's TriBeCa Residential Condo Sells For $29.5M On Leonard St
SOLD

Alexico Group's TriBeCa Residential Condo Sells For $29.5M On Leonard St

56 Leonard St, Manhattan, New York, NY, USA

$29,500,000

$5,673/SF

Building Size

5,200 SF

Asset Type

Closing

Sep 21, 2021

AI

Izak Senbahar and John Burger have closed a residential condo sale at 56 Leonard St. in TriBeCa. The property, developed by Alexico Group and designed by Herzog & De Meuron, was sold for a price of $29,500,000. It spans 5,200 square feet, resulting in a price per square foot of $5,673.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $29,500,000
  • Address: 56 Leonard St.
  • Market: TriBeCa

The sale was facilitated by John Burger of Brown Harris Stevens. Izak Senbahar and John Burger were involved in the transaction. The property was developed by Alexico Group and designed by Herzog & De Meuron. This high-end residential condo in TriBeCa offers luxurious living spaces and boasts a price per square foot of $5,673.

Players

John Burger

Brown Harris Stevens

Broker

$256.7M

vol

8 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93