THE CONDO BOOK PROJECT

108 Leonard Condominium

108 Leonard Street (A/K/A 346 Broadway), Manhattan, NY 10013

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Overview

A 152-unit conversion of a landmarked 13-story building finished in 1898, between Broadway and Lafayette Street. Sponsored by an El Ad US Holding entity. Four apartments contain landmarked interiors, and a lawsuit over public access to the clock tower was on appeal when the plan was filed.

  • Address: 108 Leonard Street (also known as 346 Broadway), Manhattan 10013
  • Plan: CD160364, accepted for filing in December 2017
  • Building: an existing 13-story building built in two phases from 1894 to 1898, landmarked in 1989, with a new rooftop addition. It stands about 210 feet to the penthouse roof, with the clock tower and cupola above that.
  • Residences: 152 in three cores (57 in Core A on the west, 63 in Core B in the center, 32 in Core C on the east), from a studio of about 612 square feet to five-bedroom triplex penthouses of about 7,500 square feet. Unit 2D is set aside for the resident manager.
  • Other units: the Banking Hall Unit, a second-floor retail unit on Broadway and a community facility unit, none offered for sale under the plan
  • Parking and storage: 26 parking licenses (plus three visitor spaces) and 30 storage bin licenses, all bins in a sidewalk vault under Leonard Street
  • First offering: all 152 residences at about $630 million in total, from $1.215 million for the studio to $22 million for the North penthouse triplex. Parking licenses were offered at $6.5 million in total and storage bins at $750,000 in total, for about $637.3 million overall. These are sponsor offering prices, not sales.

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FigureThis building149 Chambers299 units · 0.2 miaccepted 2017Coda3138 units · 1.9 miaccepted 2015
Common ChargesPer Square Foot / Month$1.26In line$0.81$1.34
Average Offering PricePer Apartment$4.14MHighest$3.33M$1.31M
Average PricePer Square Foot$2,248Highest$1,859$1,721
Average Unit SizeSquare Feet1,844 SFLarger1,791 SF759 SF

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Unit mix, closings, budgets, finishes and the team, against 49 Chambers and Coda, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Manhattan plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A152 of 152
Closing prices vs. Schedule A141 homes: $500,516,817 at closing against $528,961,000 in Schedule A (p. 102, p. 103, p. 104)−5.4%
Average closing price141 homes, on their Schedule A square feet$2,047 / SF
Closingsfirst and latest recordedAug 26, 2019 – Aug 26, 2026

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 162 closings
HomeRecordedClosing priceSchedule ADifference
5 EAug 26, 2019$2,471,991$2,440,000 p. 102+1.3%
4 AAug 27, 2019$3,688,436$3,675,000 p. 102+0.4%
3 DAug 28, 2019$1,603,741$1,535,000 p. 102+4.5%
5 AAug 28, 2019$3,744,526$3,805,000 p. 102−1.6%
8 LSep 9, 2019$2,896,627$2,650,000 p. 103+9.3%
6 ASep 12, 2019$3,850,802$3,837,500 p. 102+0.3%
9 ESep 12, 2019$2,524,867$2,515,000 p. 103+0.4%
7 ASep 18, 2019$3,785,717$3,772,500 p. 103+0.4%
4 ESep 19, 2019$2,371,264$2,340,000 p. 102+1.3%
5 DSep 20, 2019$1,646,870$1,625,000 p. 102+1.3%
6 ESep 26, 2019$2,458,159$2,465,000 p. 102−0.3%
6 KSep 27, 2019$1,781,960$2,650,000 p. 103−32.8%
6ISep 27, 2019$1,988,410——
9 LOct 1, 2019$2,828,387$2,700,000 p. 103+4.8%
7 LOct 2, 2019$2,610,932$2,600,000 p. 103+0.4%
3 AOct 29, 2019$2,851,459$2,800,000 p. 102+1.8%
3 LOct 29, 2019$2,660,850$2,475,000 p. 102+7.5%
4 LOct 30, 2019$2,760,895$2,525,000 p. 102+9.3%
4IOct 30, 2019$2,037,302——
5INov 7, 2019$2,128,269——
5 LNov 8, 2019$2,685,917$2,625,000 p. 102+2.3%
7 KNov 8, 2019$1,777,091$2,600,000 p. 103−31.7%
8 ENov 15, 2019$2,609,630$2,465,000 p. 103+5.9%
5 HNov 22, 2019$3,241,708$3,180,000 p. 102+1.9%
4 HNov 25, 2019$3,066,716$3,050,000 p. 102+0.5%
2 EDec 2, 2019$1,213,529$1,215,000 p. 102−0.1%
4 DDec 12, 2019$1,568,584$1,565,000 p. 102+0.2%
2 BDec 17, 2019$2,550,000$2,550,000 p. 1020%
3JDec 17, 2019$1,435,932——
4 BJan 6, 2020$2,800,000$2,715,000 p. 102+3.1%
9 BJan 6, 2020$2,979,950$2,942,500 p. 103+1.3%
3 BJan 15, 2020$2,593,922$2,650,000 p. 102−2.1%
4 CJan 17, 2020$4,075,339$4,080,000 p. 102−0.1%
5 BJan 17, 2020$2,810,503$2,845,000 p. 102−1.2%
5 CJan 22, 2020$4,254,223$4,240,000 p. 102+0.3%
3 EJan 28, 2020$1,897,046$1,940,000 p. 102−2.2%
3 KJan 29, 2020$1,660,893$2,880,000 p. 102−42.3%
6 CJan 31, 2020$4,280,107$4,280,000 p. 102+0%
9 KFeb 11, 2020$1,820,721$2,700,000 p. 103−32.6%
6 HFeb 19, 2020$3,316,368$3,212,500 p. 103+3.2%
11 CFeb 28, 2020$4,395,925$4,520,000 p. 104−2.7%
8 KMar 5, 2020$1,786,541$2,650,000 p. 103−32.6%
11 DMar 9, 2020$1,737,714$1,730,000 p. 104+0.4%
4 FMar 13, 2020$3,223,780$3,245,000 p. 102−0.7%
4 KApr 2, 2020$1,762,718$2,525,000 p. 102−30.2%
12 DApr 15, 2020$1,801,967$1,760,000 p. 104+2.4%
11 LApr 22, 2020$2,845,902$2,800,000 p. 104+1.6%
2 CApr 23, 2020$2,119,955$2,095,000 p. 102+1.2%
6 BApr 24, 2020$2,896,563$2,877,500 p. 102+0.7%
12 LMay 1, 2020$2,850,000$2,850,000 p. 1040%
11 KMay 28, 2020$1,820,960$2,800,000 p. 104−35%
7 EMay 29, 2020$2,296,853$2,415,000 p. 103−4.9%
3 CJul 1, 2020$3,601,655$4,000,000 p. 102−10%
8IJul 28, 2020$1,865,318——
11 HAug 21, 2020$3,518,547$3,407,500 p. 104+3.3%
11 NSep 9, 2020$6,426,357$6,425,000 p. 104+0%
11 PSep 11, 2020$4,320,908$6,515,000 p. 104−33.7%
8 CSep 21, 2020$3,951,119$4,280,000 p. 103−7.7%
10 DOct 13, 2020$1,632,062$1,700,000 p. 103−4%
9 JOct 16, 2020$1,641,229$2,525,000 p. 103−35%
5 MNov 20, 2020$3,245,000$3,330,000 p. 102−2.6%
6 LDec 3, 2020$2,875,609$2,650,000 p. 103+8.5%
5 PJan 4, 2021$4,590,977$5,000,000 p. 102−8.2%
2 AJan 29, 2021$1,869,364$1,995,000 p. 102−6.3%
4 MJan 29, 2021$2,758,445$3,200,000 p. 102−13.8%
5 KJan 29, 2021$1,733,180$2,625,000 p. 102−34%
10 LApr 2, 2021$2,923,318$2,750,000 p. 103+6.3%
4RApr 8, 2021$1,427,884——
15 CApr 12, 2021$10,826,169$11,500,000 p. 104−5.9%
11 MApr 22, 2021$3,369,308$3,557,500 p. 104−5.3%
11IMay 10, 2021$2,089,080——
9IMay 28, 2021$1,939,041——
11 EMay 28, 2021$2,712,244$2,615,000 p. 104+3.7%
6RJun 1, 2021$1,630,770——
10 BJun 7, 2021$2,911,170$3,007,500 p. 103−3.2%
10IJun 14, 2021$2,089,159——
10 KJun 21, 2021$1,865,907$2,750,000 p. 103−32.1%
7IJun 24, 2021$2,082,321——
9 DAug 2, 2021$1,674,767$1,670,000 p. 103+0.3%
6 DAug 4, 2021$1,791,376$1,640,000 p. 102+9.2%
8 AAug 6, 2021$3,827,329$3,837,500 p. 103−0.3%
12 EAug 24, 2021$2,549,754$2,665,000 p. 104−4.3%
6 JAug 27, 2021$1,761,200$2,475,000 p. 103−28.8%
10 HSep 14, 2021$3,144,568$3,342,500 p. 103−5.9%
7 FSep 15, 2021$3,184,998$3,342,500 p. 103−4.7%
7 BSep 27, 2021$3,210,906$2,812,500 p. 103+14.2%
7ROct 4, 2021$1,610,199——
5 JOct 5, 2021$1,746,258$2,450,000 p. 102−28.7%
4 JOct 8, 2021$1,691,258$2,350,000 p. 102−28%
9 MOct 12, 2021$3,427,500$3,427,500 p. 1030%
8 DOct 13, 2021$1,671,327$1,640,000 p. 103+1.9%
3 GNov 8, 2021$3,906,511$4,250,000 p. 102−8.1%
10RNov 23, 2021$1,706,692——
9 HNov 29, 2021$3,284,516$3,277,500 p. 103+0.2%
15 BNov 29, 2021$8,748,625$8,950,000 p. 104−2.2%
10 ADec 30, 2021$4,122,778$3,967,500 p. 103+3.9%
11 FJan 4, 2022$3,657,453$3,602,500 p. 104+1.5%
14 AJan 5, 2022$5,103,355$5,545,000 p. 104−8%
5 FJan 7, 2022$3,496,927$3,375,000 p. 102+3.6%
6 PJan 14, 2022$4,195,714$5,910,000 p. 103−29%
7 JJan 20, 2022$1,679,261$2,425,000 p. 103−30.8%
6 NJan 28, 2022$6,125,797$5,975,000 p. 103+2.5%
8 JMar 9, 2022$1,787,000$2,475,000 p. 103−27.8%
3 FMar 17, 2022$3,146,364$3,180,000 p. 102−1.1%
8 FMar 24, 2022$3,483,795$3,407,500 p. 103+2.2%
4 NApr 5, 2022$5,548,015$5,600,000 p. 102−0.9%
10 EApr 20, 2022$2,872,298$2,565,000 p. 103+12%
14 CApr 21, 2022$9,451,774$9,150,000 p. 104+3.3%
8RMay 12, 2022$1,795,662——
9 FJun 16, 2022$3,620,121$3,472,500 p. 103+4.3%
11 AJun 21, 2022$4,381,023$4,032,500 p. 104+8.6%
10 MJun 30, 2022$3,683,403$3,492,500 p. 103+5.5%
12 AJul 20, 2022$4,450,000$4,097,500 p. 104+8.6%
PHEJul 21, 2022$20,431,289——
15AAug 22, 2022$10,768,992——
7 NAug 24, 2022$5,967,991$5,825,000 p. 103+2.5%
9RAug 30, 2022$1,839,039——
5 GAug 31, 2022$4,805,317$4,730,000 p. 102+1.6%
11RSep 29, 2022$1,945,000——
10 JNov 7, 2022$1,600,000$2,575,000 p. 103−37.9%
11 BJan 30, 2023$3,563,921$3,072,500 p. 104+16%
10 PMar 22, 2023$4,556,713$6,290,000 p. 103−27.6%
9 GApr 12, 2023$4,848,564$4,850,000 p. 103−0%
12RMay 4, 2023$1,946,841——
6 FMay 25, 2023$3,605,200$3,407,500 p. 102+5.8%
7 DJun 5, 2023$1,971,329$1,610,000 p. 103+22.4%
7 PJul 27, 2023$4,081,723$5,755,000 p. 103−29.1%
12 BSep 1, 2023$3,211,107$3,137,500 p. 104+2.3%
8 MSep 27, 2023$3,557,387$3,362,500 p. 103+5.8%
6 MOct 4, 2023$3,622,448$3,362,500 p. 103+7.7%
9 POct 12, 2023$4,405,841$6,060,000 p. 103−27.3%
4 PNov 21, 2023$4,380,616$5,455,000 p. 102−19.7%
14 DDec 21, 2023$12,257,528$12,100,000 p. 104+1.3%
12 PJan 11, 2024$4,480,719$6,666,000 p. 104−32.8%
2 DMar 5, 2024$2,031,409$1,995,000 p. 102+1.8%
7 CMar 13, 2024$4,180,268$4,200,000 p. 103−0.5%
12 HMay 31, 2024$3,469,354$3,472,500 p. 104−0.1%
11 GJul 22, 2024$4,804,409$5,010,000 p. 104−4.1%
7 MAug 30, 2024$3,432,088$3,297,500 p. 103+4.1%
4 GSep 3, 2024$4,018,187$4,570,000 p. 102−12.1%
10 NNov 25, 2024$6,224,099$6,275,000 p. 103−0.8%
14 BDec 10, 2024$5,354,420$6,275,000 p. 104−14.7%
9 ADec 13, 2024$3,829,827$3,902,500 p. 103−1.9%
9 CDec 13, 2024$4,378,001$4,360,000 p. 103+0.4%
8 PJan 29, 2025$4,330,305$5,910,000 p. 103−26.7%
6 GFeb 27, 2025$4,718,913$4,770,000 p. 102−1.1%
14 EMar 12, 2025$9,956,311$10,500,000 p. 104−5.2%
12 MMar 13, 2025$3,630,666$3,622,500 p. 104+0.2%
8 NMar 17, 2025$5,823,973$5,975,000 p. 103−2.5%
9 NMar 26, 2025$5,924,036$6,125,000 p. 103−3.3%
12 CApr 11, 2025$4,399,834$4,600,000 p. 104−4.4%
10 FMay 8, 2025$3,459,030$3,537,500 p. 103−2.2%
PHNJun 10, 2025$21,384,449——
5 NJun 12, 2025$5,685,063$5,825,000 p. 102−2.4%
8 BJul 30, 2025$3,415,150$2,877,500 p. 103+18.7%
7 HDec 22, 2025$3,430,843$3,147,500 p. 103+9%
12 FDec 22, 2025$3,583,625$3,667,500 p. 104−2.3%
10 GJan 29, 2026$4,600,000$4,930,000 p. 103−6.7%
12 KFeb 24, 2026$5,650,000$5,750,000 p. 104−1.7%
8 GJun 2, 2026$4,365,042$4,770,000 p. 103−8.5%
PHWJul 23, 2026$15,486,086——
7 GAug 26, 2026$4,428,417$4,690,000 p. 103−5.6%

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Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

What It Costs to Run

The sponsor projected a first-year budget (October 2018 to September 2019) of about $4.24 million. Residences carry about $4.01 million of it. The three non-residential units pay about $109,000, and parking and storage license fees bring in about $120,000. Here's how that works out per Schedule A:

  • About $720 a month in common charges for the studio, plus about $1,060 in estimated taxes.
  • About $1,500 to $2,400 a month in common charges for most two- and three-bedrooms on floors 2 through 12.
  • About $9,600 a month in common charges for the West penthouse, plus about $14,100 in estimated taxes.

Notable lines:

  • Staff: about $1.46 million.
  • Electricity: about $800,000 for common areas and building equipment.
  • Service contracts: about $630,000, including the $225,000 concierge or amenity operator, $150,000 for window washing, $70,000 for elevator maintenance and $36,000 for flowers.
  • Insurance: about $257,000. Water and sewer: about $200,000.
  • Management fee: $70,000 to FirstService Residential, on a two-year initial term.
  • Parking license fees: about $102,000, set to cover 65% of the garage attendants' cost. Storage bins pay $2 per square foot a month.

Good to know: the plan says the sponsor isn't setting up a reserve fund because the building will be newly renovated, but the budget still includes a replacement reserve line of about $386,000. You'll pay two months of common charges into working capital at closing, plus your share of the $2.075 million cost of the resident manager's apartment. For why budgets like this vary so much, see why operating costs differ, resident manager's units and our common charge benchmarks.

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

The Building

Finishes

The architect's description lists one finish package with appliance and fixture lines that step up with apartment size (compare with our NYC condo finishes guide). The plan names Jeffrey Beers International as interior designer.

Kitchen

  • Scavolini cabinetry in wood veneer, with Caesarstone or stone countertops.
  • Miele throughout: a gas cooktop and vented hood (30, 36 or 42 inches by unit), a convection oven and a speed oven. Mid-size layouts add a warming drawer. Larger ones add a combi steam oven and a built-in Miele coffee system.
  • Miele refrigerators, with a separate 18-inch Miele freezer column in many larger homes, and a wine cooler (U-Line in smaller layouts, Miele in larger ones). Penthouses add Sub-Zero refrigerator drawers.
  • Miele dishwashers, two in the largest layouts, and a morning kitchen with its own Sub-Zero drawers and dishwasher in the biggest homes.
  • Julien undermount sinks with Dornbracht faucets and disposals. The largest homes get a second sink and a pot filler.

Baths

  • Large-format marble floor and wall tiles, with marble mosaic floors in showers.
  • Fantini shower fittings and thermostatic mixers, Toto toilets and sinks, and an Agape tub in primary baths. Secondary baths get Toto tubs.
  • Scavolini vanities with Caesarstone or stone tops.

See how these names rank in our bathroom brands guide.

Floors, Ceilings and Windows

  • Engineered floors by Tectonic Flooring Systems: 7.5-inch solid American white oak planks laid in a chevron pattern.
  • Ceilings vary a lot by floor because of the old structure. Living rooms run about 11.5 to 14.5 feet on marketing floors 2 to 6, about 8.5 to 10.5 feet on floors 7 to 12, and up to about 15.5 feet on floor 14. All finished rooms have dropped ceilings, and the plan warns they may not be level.
  • Every window is being replaced with aluminum, insulated-glass windows in colors Landmarks approved. Operable windows are in-swinging casements with limit stops at 4.5 inches. The new 15th and 16th floor additions get an aluminum-and-glass window wall.
  • Gas fireplaces by Town & Country or Ortal in the 14th and 15th floor homes and the three penthouses. Units 3N and 3P keep two historic decorative fireplaces.

Laundry, Heating and Cooling

  • Every home has a washer and dryer: full-size LG machines in the larger layouts and compact Asko machines in the rest. A pay-per-use laundry room is in the cellar.
  • Four-pipe fan coil units in each home, fed by hot water from gas boilers and chilled water from cellar chillers, with a wall thermostat for each unit.
  • Each home has its own Con Edison electric meter. Heat, hot water, cooking and fireplace gas and water are paid through common charges.

Amenities, Staffing & Transportation

Most amenities sit in the cellar, partly inside old sidewalk vaults, with an outdoor deck on the roof (compare with amenities by building size).

Cellar

  • A pool about 75 feet long and 12 feet wide, built of stainless steel with a tile finish, plus a hot tub, sauna, steam room and men's and women's locker rooms.
  • A fitness center of about 1,800 square feet.
  • A residents' lounge of about 2,050 square feet with a game area, events and dining space and a kitchen.
  • A screening room and a children's playroom of about 450 square feet, delivered without equipment.

Roof and Other Floors

  • An outdoor rooftop space of about 6,200 square feet on the main and upper roofs, with cabana lounges, dining areas, a sitting area, a sun deck and two restrooms.
  • A meeting room on the second floor, where the architect's report also places a relocated landmarked marble room as amenity space.
  • Two bike rooms for about 76 bikes in total.

Good to know: the sauna, steam room and parts of the gym, lounge, playroom and locker rooms sit in sidewalk vaults that belong to the City. The plan warns the City could revoke permission to use them, and owners would pay to relocate what's there. Some amenities may not be ready for up to 12 months after the first closing.

Private terraces come with units 15A, 15B, 15C and the three penthouses, each with a gas hookup for a grill. Four homes (PH West, PH North, PH East and 15A) have private elevators, which their owners must maintain and inspect at their own cost. See private outdoor space and who pays for terrace repairs.

Staffing and Services

The year-one budget plans a non-union staff:

  • A full-time resident manager, living in unit 2D, and one handyman.
  • About 9.8 lobby attendants, covering the Leonard Street lobby 24/7 and the Broadway and Lafayette Street lobbies 16 hours a day.
  • About 2.8 parking garage attendants, 16 hours a day.
  • Six porters.

Payroll and benefits come to about $1.46 million, about a third of the budget. A separate $225,000 line covers a concierge service or amenity operator. Each core has two passenger elevators, and a hydraulic service elevator runs between the cellar and the first floor. Our doorman cost guide puts these numbers in context.

Tip: for up to 12 months after the first closing, the plan only guarantees that the Leonard Street lobby is staffed around the clock and that one elevator serves every occupied home.

Transportation

  • Subway: 4 min walk to Brooklyn Bridge-City Hall/Chambers St 4 5 6 J Z; Canal St 6 J N Q R W Z, 5 min
  • Parking: 26 parking units in the plan

Fine Print

What's Specific to It

  • Landmarked rooms inside apartments: the building is an individual city landmark, and units 3N, 3P, 5N and 5P contain designated interior spaces (the former third-floor executive offices and fifth-floor presidential offices). Owners of those units need Landmarks permits for changes and face a $500 monthly fine for failing to comply.
  • A clock tower lawsuit: preservationists sued in 2015 over plans to make the clock tower's interior part of a private unit and to stop running the clock on its historic mechanical system. A court partly agreed in 2016, and the sponsor's and City's appeal was undecided when the plan was filed.
  • A public banking hall: the former banking hall is a commercial unit on the cellar through third floors. Its main landmarked space must be open to the public during business hours, and it could be a bank, restaurant, shop, banquet hall, museum or house of worship.
  • A City-linked community facility: a ground-floor and cellar-mezzanine unit is limited to a digital arts and new media exhibit room or other cultural uses, and the City has the right to acquire it for $1.
  • Valet parking under licenses: 29 spaces in a partially below-grade garage reached by a turnaround driveway off Leonard Street, with attendants parking every car. Twenty-six are sold as licenses and three are for visitors.
  • Marketing floors skip 13: the basement is marketed as floor 1, and the plan's floor numbers don't match the building's construction floors.

108 Leonard takes up the block bounded by Broadway, Lafayette Street, Leonard Street and Catherine Lane, with about 400 feet of frontage on Leonard Street. Its offering plan tells you which apartments come with landmark rules, what the building costs to run, and what the sponsor keeps for itself.

Fine Print Worth Knowing

  • Sponsor control: the sponsor picks a majority of the board until the later of five years after the first closing or 90% of homes sold. It can also rent unsold units with no limit, so owner-occupants may never control the board.
  • A resale fee: when you sell, you pay a transaction fee equal to six months of common charges to the managing agent and/or the condominium.
  • City-owned vaults: the storage bins, some amenity space and some building equipment sit in sidewalk vaults owned by the City. If the City revokes use, bins may be terminated without a refund, and any vault fees or taxes the City adds would be shared costs.
  • Parking: licensees don't get an assigned space. Cars can be at most 15'6" long, 6'6" wide and 6'9" tall. The garage's public parking variance ran to September 2023, and the plan couldn't promise it would be renewed.
  • Subway rumble: the N, Q and R run under Broadway and the 4, 5 and 6 under Lafayette Street, and the plan warns you may feel noise or vibration.
  • No financing contingency or sponsor warranty: the contract isn't contingent on a mortgage, and the sponsor gives no warranty beyond building to the plan and code.
  • Retained air rights: the retail unit's owner keeps all unused development rights and can sell them to neighbors, though the plan says they won't be used to add floors.

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FAQ

Does 108 Leonard have a pool?

Yes. The cellar has a stainless-steel pool about 75 feet long and 12 feet wide, with a hot tub, sauna, steam room and locker rooms next to it, near a fitness center of about 1,800 square feet.

Is there parking at 108 Leonard?

Yes, a valet garage with 29 spaces, reached by a driveway off Leonard Street. Twenty-six spaces were offered as licenses (about $6.5 million in total) and three are for visitors. Licenses aren't deeded, and you lose yours if you sell your last unit in the building without assigning it to another owner.

What are the landmarked apartments?

Units 3N, 3P, 5N and 5P contain landmarked interiors from the building's former executive and presidential offices. Their owners must get Landmarks permits before changing those surfaces, cooperate with inspections, and pay a $500 monthly fine if they don't comply.

Where this comes from: the building's offering plan (CD160364) as filed with the New York Attorney General, including its Special Risks, Description of the Property, Schedule A, Schedule B, Identity of Parties and the architect's Description of Property and Specifications. Prices are the sponsor's offering prices, not sales, and budget figures are the sponsor's first-year projections. Later amendments may change them. Updated October 2026.