NOT LISTED FOR SALE

87 Leonard St Unit PHA New York, NY 10013

Tribeca Neighborhood

Estimated Value: $7,094,000 - $10,534,125

4 Beds
4.5 Baths
3,888 Sq Ft
$4,458/mo HOA Fee

Last Sold April 07, 2023

Last sale price $10,500,000 $2,701 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $55,625/month

264 Days on Market

Highlights

  • Newly Remodeled
  • 3-minute walk to Franklin Street
  • Terrace
  • P.S. 397 Spruce Street School Rated A
  • Pre War Building
  • 3-minute walk to Collect Pond Park

About This Home

As of April 2023

Exquisite Tribeca penthouse living awaits in this expansive four-bedroom plus office, four-and-a-half-bathroom designer triplex with two massive terraces offering nearly 1,700 square feet of extraordinary private outdoor space.



Featuring an exceptional indoor-outdoor layout for comfortable living and lavish entertaining, this refined 3,888-square-foot residence greets you on the main floor with nearly 10-foot-tall ceilings, walls of windows, designer lighting and inlaid hardwood floors. The gracious foyer is flanked by a custom walk-in closet, chic powder room and central staircase. Ahead, the 35-foot-wide great room delivers a breathtaking footprint for luxurious living and dining areas wrapped in a remarkable terrace. A fireplace and built-in cabinetry invite you to relax and unwind inside, while walls of glass doors create a seamless indoor-outdoor flow. Lovely planters and hedges add privacy and a lush backdrop.



The world-class eat-in kitchen impresses with gorgeous custom cabinetry accented with marble, subway tile backsplashes and classic pendant lighting. Elevate your culinary experience with upscale appliances, including a Wolf range with double ovens and a custom vent hood, a Sub-Zero glass-door refrigerator, microwave drawer, two dishwashers and a large-capacity wine refrigerator. The island bar counter, built-in banquette and breakfast area provide ample space for casual dining. Just outside, a kitchen with a grill, refrigerator and sink makes al fresco dining irresistible. Ascend the interior staircase to access the home's crowning glory - a massive roof deck with glorious views.



Bedrooms are placed on the penthouse's lower level for optimal peace and privacy. Head to the owner's suite to discover a wall of iconic arched windows, a windowed home office, and four closets, including two walk-ins. The Calacatta Gold marble bathroom dazzles with herringbone tile, a freestanding porcelain soaking tub, a separate steam shower, beautiful double vanity and a water closet. Three spacious and bright secondary bedroom suites with private designer baths and roomy closets, including two more walk-ins, surround a playroom area. A storage room and a laundry room with a Sub-Zero mini-refrigerator, sink and in-unit washer-dryer complete the well-planned level. Waterworks fixtures run throughout the home, and central air-conditioning with zoned climate control ensures year-round comfort in this unrivaled Tribeca loft penthouse. This home conveys with a dedicated storage unit.



Built in 1860, 87 Leonard Street is a classic Italianate store-and-loft building in cast-iron and marble once occupied by dry goods and textile merchants. Reimagined as a luxury boutique condominium in 2016, the pet-friendly, seven-unit building offers part-time doorman service, a smart intercom system, a fitness center and storage.



Nestled within the Tribeca Historic District, this fine home is surrounded by world-class shopping, dining, and nightlife venues, including Frenchette, Locanda Verde and The Odeon. Enjoy wonderful outdoor space and recreation at Washington Market Square, Hudson River Park and Piers 25 and 26. There's a 24-hour parking garage across the street and CitiBike station steps away. Abundant public transit options include 1/2/3, J/Z, N/Q/R/W, 4/5/6 and A/C/E trains and excellent bus service.

Last Agent to Sell the Property

Daniel Davis

Corcoran Group License #40DA0774787 Listed on: 06/07/2022

Corcoran Group

Co-Listed By

Lisa Balbuena

Corcoran Group License #10401238231

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $65,904

Year Built

  • Built in 1870 | Newly Remodeled

Lot Details

  • 5,489

HOA Fees

  • $4,458 Monthly HOA Fees

Home Design

  • 3,888 Sq Ft Home
  • Pre War Building

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Terrace

Community Details

  • 7 Units
  • Tribeca Subdivision
  • 6-Story Property

Listing and Financial Details

  • Tax Block 00174

Property Details

Home Type

Condominium

Est. Annual Taxes

$65,904

Year Built

Built in 1870 | Newly Remodeled

Lot Details

0

HOA Fees

$4,458 per month

Listing Details

  • Cross Street: CHURCH STREET and BROADWAY
  • Exposures: East,South
  • Property SubType: Apartment
  • Property Type: Residential
  • Neighborhood: Tribeca
  • Architectural Style: Prewar
  • Entry Level: 6
  • ResoPropertyType: Residential
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 6

Interior Features

  • Living Area: 3888.0
  • Living Area Units: Square Feet
  • Rooms (Total): 9

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 4

Exterior Features

  • Patio/Porch Features: Terrace

Garage/Parking

  • Garage: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee: 4458.0
  • Common Charge/Maintenance Fee Frequency: Monthly
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Units: 7
  • Total Stories: 6
  • Year Built: 1870

Tax Info

  • Tax Block: 00174
  • Tax Annual: 65904.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Apr 7, 2023
Sold by
Three Little Cubs Llc
Bought by
Greenblatt Adam and Greenblatt Manda
Seller's Agent
Daniel Davis
Corcoran Group
List Price
$11,600,000
Sold Price
$10,500,000
Premium/Discount to List
-$1,100,000
-9.48%
Views
15
Current Estimated Value
$8,203,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,296,811
Avg. Annual Appreciation
-10.24%

Purchase Details

Closed on
May 31, 2018
Sold by
Leonard Street Owner Llc
Bought by
Three Little Cubs Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Greenblatt Adam $10,500,000 --
Three Little Cubs Llc $8,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Three Little Cubs Llc $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2023 04/07/23 Sold $10,500,000 -9.5% $2,701 / Sq Ft
02/27/2023 02/27/23 Pending -- -- --
01/10/2023 01/10/23 For Sale $11,600,000 +10.5% $2,984 / Sq Ft
12/02/2022 12/02/22 Off Market $10,500,000 -- --
09/27/2022 09/27/22 For Sale $11,600,000 +10.5% $2,984 / Sq Ft
08/17/2022 08/17/22 Off Market $10,500,000 -- --
06/07/2022 06/07/22 For Sale $11,600,000 -- $2,984 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $75,053 $600,328 $10,763 $589,565
2024 $75,053 $600,328 $46,656 $588,848
2023 $70,711 $576,430 $11,867 $564,563
2022 $65,743 $2,403,432 $46,656 $2,356,776
2021 $61,180 $2,403,432 $46,656 $2,356,776
2020 $56,944 $2,407,752 $46,656 $2,361,096
2019 $59,293 $2,236,680 $46,656 $2,190,024
2018 $54,871 $431,408 $43,969 $387,439
2017 $51,273 $403,119 $46,656 $356,463
2016 $49,141 $381,176 $46,634 $334,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10839936

Real Estate Board of New York (REBNY)

APN: 0174-1306