Not sure exactly what to make of the penthouse at 56 Leonard St going into contract. With an ask of $49,995,000 and being on the market for over 6 months:
I think it's unlikely it went for over ask.
I am curious about the numbers/investment value of a unit which was one of the last to sell originally, in a project which dragged on for several years, as far as I know was never leased, and given the 2017 sale price will almost definitely lose money after transaction costs even if gross exceeds the prior sale.
For Sale: 56 Leonard St. PH60/61 in Tribeca
56 LEONARD STREET PH60/61 is a sale unit in Tribeca, Manhattan priced at $49,995,000.
streeteasy.com
I am curious about the numbers/investment value of a unit which was one of the last to sell originally, in a project which dragged on for several years, as far as I know was never leased, and given the 2017 sale price will almost definitely lose money after transaction costs even if gross exceeds the prior sale.
56 Leonard Street | Alexico Group | NYC Luxury Market
Four years after going into contract, an unknown buyer shelled out nearly $48 million for the priciest penthouse at Alexico Group's 56 Leonard in Tribeca.
therealdeal.com