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n the heart of Tribeca, a rare gem has emerged from the shadows. The iconic clocktower at 108 Leonard Street, a masterpiece of McKim, Mead & White's Gilded Age grandeur, is now available for purchase. This majestic penthouse, aptly named "The Clock Tower," boasts an unparalleled 8,770 square feet of interior space and 3,082 square feet of outdoor area, with some spaces directly surrounding the clock itself.
For $19.25 million, one fortunate buyer will have the privilege of owning a piece of New York City's history. The triplex residence features soaring ceilings, a dramatic spiral staircase, and an antique spiral stair leading to the clocktower's interior. The owner will also enjoy a spacious 16th-floor salon with breathtaking views of the city.
The listing arrives at a pivotal moment for 108 Leonard, which has seen significant activity in recent weeks. Just last week, the building's "Crown Penthouse" sold for $24.5 million, capping a strong first quarter that saw seven contracts inked. With fully built, move-in-ready condos in short supply and uncertainty looming over construction costs, the timing couldn't be more opportune.
"This is a once-in-a-lifetime chance to own a McKim, Mead & White masterpiece in Tribeca and to live in a defining piece of the downtown skyline," said Elyse Leff, Elad Group's executive vice president of marketing and sales. "The Clock Tower penthouse transcends typical real estate – it's a rare and magnificent residence that could never be replicated."
The penthouse boasts five bedrooms, five full bathrooms, and two powder rooms, as well as a spacious great room, dining area, and library with stunning views of the clocktower. The primary suite features a midnight bar, windowed dressing room, and bathroom with a six-foot tub and double shower clad in Calacatta black marble.
As Elena Sarkissian, sales director for 108 Leonard with Douglas Elliman Development Marketing, noted, "This is not just your everyday buyer – it's someone who really appreciates the provenance of this building and this particular residence." The clocktower itself has been a New York City landmark since 1987, celebrated for its Classical design and ornate details.
The transformation of 108 Leonard into a residential building began in 2013, when developers the Peebles Corporation and Elad Group acquired the property from the Bloomberg mayoral administration. Architect Tim Rooney, a partner at Jeffrey Beers International, described the project as "a rare privilege" to work on such an iconic building.
The goal was to create a space that feels timeless, despite its history of keeping time. The result is a penthouse that invites customization and offers breathtaking views of the city from every angle. As Sarkissian said, "When you're on the terrace, you pick up the rivers on both sides – it's really spectacular."
