56 LEONARD TOWER SOFTWARE
Hassels-Weiler is president of Eagle Advisors, an investment manager with ties to Hans-Werner Hector, a co-founder of software giant SAP. He bought a $43 million home in Los Angeles last year from a team of developers that included British billionaires Ian and Richard Livingstone, according to people familiar with the deal. More: John Travolta and Kelly Preston Sell $18 Million Los Angeles Mansion to Talent Manager Hassels-Weiler also took a slight loss on the sale of a $31 million penthouse unit at Chelsea’s Walker Tower in 2018. Developers at 56 Leonard declined to comment. Last year, he unloaded the units for $44.6 million, or nearly 16% less. The two lower-floor penthouses were purchased for a combined $53 million, according to public records and people familiar with the deals. The top-floor penthouse cost $47.87 million he has since made plans to list it for $56 million. Hassels-Weiler’s boomtime spending spree included a trio of penthouses at lower Manhattan’s 56 Leonard in 2017. Read on for a look at the biggest gains and losses of the 2019 market, based on data from Streeteasy from January until the end of November. The biggest gains often occurred in boutique buildings in low-rise neighborhoods, such as the West Village, where there are fewer high-rise new developments hitting the market.
Still, a few sellers managed strong returns. Due to be fully completed in 2016, with the first residents moving in this winter, 56 Leonard is the latest project from famed Swiss architecture firm Herzog & de Meuron. Prices at such high-rises are under pressure amid a surge in inventory. The 56 Leonard Street skyscraper is a vertical expression of sculpted surfaces in. Many of the biggest resale losses of 2019 were at new buildings or recent conversions, including Billionaires’ Row mega-tower One57 and 56 Leonard, where the three largest losses of the year took place. Herzog & de Meuron have erected an iconic tower on the New York skyline. The median sales price for a Manhattan luxury apartment fell 24% in the fourth quarter of 2019, compared with the same period the year prior, according to a recent report by Douglas Elliman. The citys Skyscraper Museum recently launched an online tool for.
His fortunes reflect the declining market for high-end condos in New York City, which has fallen amid oversupply, tax changes and a decline in foreign buyers. 56 Leonard is one of a growing number of 'super-slender' towers in New York, which have extreme ratios of height to base width. More: Dubai Apartments and Townhouses Saw Double-Digit Price Declines in 2019 When he sold two of those units last year, he took a nearly 16% hit. Ekkehart Hassels-Weiler purchased two lower-floor penthouses in 56 Leonard for $53 million, then sold them last year for $44.6 million.Īs the real estate market surged to highs in the mid-2010s, German investor Ekkehart Hassels-Weiler quietly plowed $131 million into four downtown New York penthouses, including the top perch at Herzog & de Meuron-designed skyscraper 56 Leonard.
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