A penthouse within the clock tower at 108 Leonard Avenue lastly offered for $16.2 million.
The triplex atop the Tribeca constructing, as soon as the headquarters of New York Life Insurance coverage, closed after discovering a purchaser in October, in keeping with Elena Sarkissian, one of many brokers representing gross sales on the challenge. The deal works out to roughly $1,800 per sq. foot.
The closing comes after two different contract negotiations for the house fell by means of because of unexpected private circumstances with each patrons, in keeping with Sarkissian, who introduced the sale in an Instagram submit. The unit hit the market final April with an asking worth of $19.3 million.
“The third time’s the allure,” Sarkissian stated, describing the sale course of as a “actual saga.” She declined to share the id of the patrons, although she described them as a household with a number of properties who’re excited to be “custodians of this historic masterpiece.”
Unit PHW spans practically $8,800 sq. toes and has 5 bedrooms and 5 bogs. It additionally options an elevator, 15-foot ceilings and a wraparound terrace.
Lynne Mazin of Compass’ Apres World Crew introduced the customer.
Developer Elad Group launched gross sales on the 166-unit constructing in 2018, with a Douglas Elliman Growth Advertising staff, led by Sarkissian, Jane Powers and Christopher Salierno, on the helm.
Solely three sponsor items stay on the challenge, together with two three-bedrooms asking roughly $5 million and a one-bedroom asking slightly below $2 million.
Within the eight years since gross sales started, the constructing has attracted a star-studded checklist of patrons, together with the now-divorced couple, actress Nicole Kidman and musician Keith City, who bought a two-bedroom for $3.5 million in 2020.
Final June, Alexandra Clancy, the widow of thriller novelist Tom Clancy, paid $21.4 million for an additional penthouse on the constructing. Three months later, pop star Sabrina Carpenter purchased a 2,900-square-foot rental from Cassandra Gray, founding father of magnificence retailer Violet Gray, for practically $10 million.
Elad’s Isaac Tshuva and developer Don Peebles bought the property from the town, then beneath the Bloomberg administration, for $160 million in 2013. In 2016, a New York decide initially shot down the builders’ plans to cut access to the then-hand-wound clock with the development of the penthouse, although an appellate court docket later greenlit their proposal.
Facilities within the constructing embody non-public valet parking, a lap pool, health heart and rooftop backyard.
Learn extra
Tom Clancy’s widow buys $21M Tribeca triplex penthouse
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Nicole Kidman, Keith Urban nab condo at Tribeca clock tower condo conversion
