56 Leonard unit flipped twice in four months

56 Leonard

A lot can happen in three months in the world of Manhattan real estate.

A resident of Tribeca’s “jenga building” 56 Leonard has already found a buyer for the pad they decided to flip after owning it for little over a month.

The anonymous Leonard Street Properties LLC paid $21.8 million for the 55th floor penthouse in March. In April, it returned to the market with a $28 million price tag. Now, in May, the pad is in contract again for an undisclosed sum.

The $6.2 million price increase equated to a bump of roughly $182,000 for each of the 34 days the entity owned the 5,186-square-foot unit.

Brokers Alexa Lambert and Marc Achilles of Stribling were handling the sale of the penthouse, which comes with four bedrooms, floor-to-ceiling windows, 14-foot-high ceilings, a large open plan living space, a wood burning fireplace, an exercise room and two terraces.

But not all flippers in the building have been so lucky. In February, a unit on the 53rd floor hit the market asking $35 million. The mystery owner had paid $29 million for it in late January. The spread is still up for grabs.