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.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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