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for saleRealtyLens property overview
$7,995,000

85 Leonard St Unit Ph

Manhattan, NY, 10013
View more Manhattan, NY property pages
3Beds
3.5Baths
3,400Sqft
$2351$/sqft

Listing Notes

Penthouse Perfection at 85 Leonard - A Rare Tribeca Showpiece Welcome to one of Tribeca's most extraordinary residences: a spectacular 3, 320 SF duplex penthouse offering 3 bedrooms plus a home office, 3.5 baths, and nearly 2, 400 SF of private outdoor space-creating over 5, 700 SF of seamless indoor-outdoor living, all with remarkably low monthlies. Arrive directly via private key-locked elevator into a dramatic 31' x 23' great room featuring soaring 10-foot ceilings, a fireplace, and signature arched windows that flood the space with natural light. A striking skylit staircase anchors the home, illuminating the interiors from three exposures. The chef's kitchen is designed to impress, highlighted by a massive Carrera marble island, top-tier appliances, and a custom-built dining banquette perfect for both everyday living and entertaining. The main level offers a serene primary suite with a generous walk-through closet and spa-inspired bath, a second bedroom with ensuite bath, a den or home office, powder room, and laundry. Upstairs, the penthouse lounge offers remarkable flexibility-easily functioning as a second primary suite with an ensuite five-fixture bath. Floor-to-ceiling folding glass doors open fully onto the wraparound terrace, creating breathtaking indoor-outdoor living with sweeping city views. An additional bedroom completes the upper level. Step outside to experience two truly exceptional outdoor spaces. A 1, 000+ SF wraparound planted terrace offers the perfect setting for entertaining and dining, while the expansive 1, 300+ SF rooftop terrace features a private putting green, generous lounging areas, and panoramic views of New York City's iconic skyline. Additional highlights include a private locked 326 SF storage room. Located in a historic cast-iron landmark designed by James Bogardus, this intimate boutique building contains just five residences and sits moments from SoHo, the Hudson River Park, world-class dining, shopping, and multiple subway lines. A private parking garage conveniently located across the street adds further convenience. 85 Leonard's penthouse is a truly rare offering-an architectural gem combining historic character, dramatic scale, and exceptional outdoor living in the heart of Tribeca.

Market Insights

Below nearby median-7.2%

$2351/sqft vs a nearby median of $2534/sqft.

Nearby median$2534/sqft
Nearby properties12
Property size3,400 sqft
  • -7.2% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,400 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$9.55M$8.69M$10M · 50% confidence
vs ask $8.00M−$1.56M (−19.5%)

Asking price is about 19.5% below the fair value — likely to draw competing offers if it's still on market.

$2,638/sqft median across 8 tight comps × 3,400 sqft= $8.97M
  • Transit access+$224k +2.5%
  • Pre-war character+$224k +2.5%
  • High-density walkability+$179k +2.0%
  • Visible condition issues−$45k −0.5%
Cumulative NYC adjustments+$583k+6.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-7.2% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read4 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
29 days
Last price change
No change recorded
Listed
Apr 13, 2026
Photos
22 photos
Property type
condos
Status
for sale

Features & Amenities

Two Or More StoriesGarage 1 Or MoreHigh CeilingPrivate ParkingElevatorEnsuiteViewsChefs KitchenFireplaceHome OfficeOfficeDenGreat RoomSoaking TubShopping

Photos

Building Facts

Year built
1910
Stories
5
Total units
9
Residential units
5
Building area
21,246 sqft
Lot size
3,125 sqft
Land use
Mixed residential and commercial buildings
Building class
RM

From NYC public records where available.

Price History

May 4, 2026Initial record
$7,995,000for sale

You can also find this listing on StreetEasy.

Listing data sourced from streeteasy.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.