Seller who tried to flip two 56 Leonard penthouse pads will take a loss

An anonymous investor who paid $53 million for a pair of full-floor penthouses at 56 Leonard Street looks very likely to take a loss on his or her massive spread. An LLC called “South Shore Investments” went into contract for units on the 54th and 53rd floors of the Alexico Group-developed glass tower in 2013 and closed in 2017, paying $29.1 million for the larger penthouse on the 53rd-floor pad, and $23.98 million for the […]

from The Real Deal New York https://ift.tt/2HjVwCk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s