# 59 Leonard Street, Manhattan

Commercial · built 1948 · Block 177, Lot 2.

On Umarelli: https://umarelli.org/nyc/1001770002/59-leonard-street

More construction in Civic Center: https://umarelli.org/nyc/manhattan/civic-center.md

## Building permits

- Alteration, filed Oct 21, 2026, estimated cost $5K, described as “Installation and use of concrete placing boom as per plans filed herewith.”
- Alteration, filed Oct 5, 2026, estimated cost $100K, described as “Foundation work including column 23 pile cap reinforcement as shown on plans filed herewith”
- Alteration, filed Jul 28, 2026, estimated cost $3K, described as “Reducing existing curb cut as shown on plans. Provided for access to residential parking at the existing building on leonard st. Filed for layout only. Sidewalk filed under bpp 141008077. Filed as requested by alt-co examiner under…”
- Alteration, filed Jul 6, 2026, estimated cost $65K, described as “Alteration filed for restoration of deteriorated masonry at west elevation party wall serving as rear facade of adjacent 57 Leonard St. Brick infill, stainless ties/anchors, epoxy anchors and bent-plate straps. No change in use, egress,…”
- Alteration, filed Feb 2, 2026, estimated cost $36K, described as “Installation of pipe scaffolding as per plans. Pipe scaffold shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Jan 19, 2026, estimated cost $25K, described as “Installation of temporary needle beams as per plans. Needle beams shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Dec 23, 2025, estimated cost $200K, described as “Installation of temporary bracing to prepare for partial demolition, filed seperately by others.”
- Alteration, filed Nov 10, 2025, estimated cost $20K, described as “Installation of 7,000 lb dual personnel hoist cars as per plans during construction. Hoist shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Apr 28, 2025, estimated cost $2.1M, described as “Temporary Shoring and Vibration Isolation as per plans filed.”
- Alteration, filed Oct 28, 2022, estimated cost $53K, described as “Partial Demo of the Facade and interior of the building from the Cellar, 1st thru 17th floors and Roof. No change in occupancy, use or egress.”
- Alteration, filed Oct 28, 2022, estimated cost $1K, described as “Filing herewith for use of mechanical means DS1 in conjunction with application #M08022849-I1. No change in use, egress, or occupancy.”
- Alteration, filed Oct 4, 2022, estimated cost $106K, described as “Removal of portions of the facade and structural modifications as per plans filed herewith. Removal in preparation of the hoist installation. No change to use, egress of occupancy.”
- Alteration, filed Jun 8, 2022, estimated cost $1K, described as “Installation of temporary fire escape protection & netting as per plan. No change in use,egress or occupancy.”
- Alteration, filed May 9, 2022, described as “Installation of temporary pipe scaffold as per plan. No change in use,egress or occupancy”
- Alteration, filed May 6, 2022, estimated cost $1K, described as “Installation of temporary roof and overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Apr 18, 2022, described as “Installation of temporary sidewalk shed as per plan. No change in use,egress or occupancy.”
- Alteration, filed Apr 18, 2022, described as “Installation of temporary jersey barricade with chain link fence as per plan. No change in use,egress or occupancy.”
- Alteration, filed Apr 18, 2022, described as “Installation of temporary needle beam as per plan. No change in use,egress or occupancy”
- Alteration, filed Apr 18, 2022, described as “Installation of temporary construction plywood fence as per plan. No change in use, egress or occupancy.”
- Alteration, filed Mar 30, 2022, estimated cost $1K, described as “Installation of temporary personnel material hoist as per plans. No change in use, egress or occupancy.”
- Alteration, filed Mar 11, 2022, estimated cost $100K, described as “Filing plans for site related plumbing work. No change in use, egress, or occupancy.”
- Alteration, filed Feb 24, 2022, estimated cost $3K, described as “Filing herewith plans for the installation of a 15' curb cut. No change to use, egress, or occupancy.”
- Alteration, filed Feb 10, 2022, estimated cost $5.2M, described as “Mechanical systems installed on floors cellar, 001-017 and roof as per plans filed herewith.”
- Alteration, filed Feb 10, 2022, estimated cost $229K, described as “Foundational modifciations as per plans filed herewith.”
- Alteration, filed Feb 3, 2022, estimated cost $871K, described as “Structural modifications as per plans filed herewith.”

10 more, older permits are in this building’s full list on the map: https://umarelli.org/nyc/1001770002/59-leonard-street.

## Property taxes

- Assessment: $9,395,100
- 2026–27 tax: $1,012,008
- Market value (city estimate): $20,878,000
- Taxable value: $9,328,981
- Assessed land: $1,845,000
- Assessed improvements: $7,550,100

## Zoning

C6-2A: floor area ratio 14.85 built, above the 6.02 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Jun 21, 2024: $96,500,000
- Dec 2, 2019: $205,500,000

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

## Board and land use applications

- 101 Franklin Street Bulk Authorization (City Planning 2025M0291): Authorization, Completed, filed Nov 20, 2025, decided May 21, 2026. A private applicant, Franklin 2024 Propco LLC, is seeking an authorization pursuant to ZR 75-23 for bulk modifications to increase an existing building's degree of non-compliance, which would facilitate the building's conversion to…

## In the news

[Renderings Reveal 101 Franklin Street’s Condo Conversion, Expansion in Tribeca, Manhattan](https://newyorkyimby.com/2026/03/renderings-reveal-101-franklin-streets-condo-conversion-expansion-in-tribeca-manhattan.html), New York YIMBY, Mar 10, 2026.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology