24 Leonard condo in Tribeca sells for $14.7M

The entity 24 Leonard Properties LLC C paid $14.7 million to Leonard Four Owner, LLC for condo (SC) unit 4 at 24 Leonard St in Tribeca, Manhattan.
The deal closed on July 28, 2021 and was recorded on August 11, 2021.
The property has 4,929 square feet of built space and 0 square feet of additional air rights for a total buildable of 0 square feet according to PincusCo analysis of city data. The sale price per built square foot is $2,982 per the PincusCo analysis.
The owner bought the property on 15-May-19, for $11.1 million.
The signatory for Leonard Four Owner, LLC was Jordan Mautner.
(121333093)The DOB issued a major alteration (A1) initial temporary certificate of occupancy for the building with 7 residential units on July 27, 2020.
This is for unit 4.

Within a 400-foot radius of 24 Leonard St, PincusCo identified 11 commercial real estate items of interests occurred over the past 24 months.
Of those 11 items, three were for major renovation including a certificate of occupancy change. They were one permit applications with a total initial cost of $3.5 million, one permit with a total initial cost of $4.6 million and one initial temporary certificate of occupancy issuance for a project that initially costed $510,000.0. The most recent of these three items was the filing on April 26, 2021 for a 14,540-square-foot R-2 building with seven residential units at 35 Worth Street.
Of those 11 items, six were sales above $5 million totaling $1.8 billion. The most recent of the six was Charles Dunne which bought one condo unit in the 4,110-square-foot, 16-unit mixed-use building (RM) on 24 Leonard St for $10.9 million from 243 Leonard LLC on July 28, 2021.
Of those 11 items, two were loans above $5 million totaling $47.0 million. The most recent of the two was Epic which borrowed $28.0 million from SBT Advantage Bank secured by the 52,930-square-foot, 19-unit rental (D6) on 176 West Broadway on July 27, 2021.
(The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)

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