- Year built
- 1920
- Type
- Condominium
- Landmark
- Designated
The Leonard is a Tribeca conversion story with real bones. Built in 1920 as a commercial office building at the corner of Broadway and Leonard Street, the twelve-story structure was acquired by Bizzi & Partners and gut-converted into 66 residential condominiums — a project that stripped the building to its frame and rebuilt it as loft homes while restoring the facade and adding a dedicated residential entrance. The result is a condominium that delivers the one thing buyers chase in Tribeca: genuine loft volume.
That volume is the headline. Ceiling heights in the building run from roughly 10.5 feet up to as much as 18 feet — the kind of soaring proportion that only an old commercial structure with tall floor-to-floor heights can provide, and that purpose-built new construction almost never matches. Combined with the building's position at Tribeca's eastern edge, where the neighborhood meets the courthouse-and-civic district, it offers loft living in a location that is both central and quietly removed.
For buyers, the case is the loft itself: dramatic ceilings, large windows, open floor plates, and the character of a restored 1920 building, delivered with condominium flexibility and full building services.
Architecture and unit composition
The Leonard reads as a restored commercial loft building turned residential. The 1920 facade was preserved and refreshed, and the conversion reworked the building from the inside — new elevator and stair cores, new mechanical, electrical, and plumbing systems throughout, and new bulkheads — so that period architecture meets contemporary infrastructure. A new residential entrance distinguishes the homes from the building's commercial origins.
The building holds 66 residences spanning one-, two-, and three-bedroom layouts plus penthouse lofts, with the defining feature being ceiling heights that range from about 10.5 feet to a remarkable 18 feet depending on the home. Large windows, open floor plates, and the proportions of a former commercial structure give the residences the loft character Tribeca buyers prize, while the conversion delivers modern systems behind the period shell.
Building operations
The Leonard operates as a full-service condominium, with a roof deck, a fitness center, and a bicycle room serving the 66 homes. As a condominium, the building runs on common charges and real estate taxes, with the lighter governance and broad ownership latitude condominium structure provides — including sublet flexibility that supports both owner-occupants and investors in a strong downtown rental market.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $3,688/yr
- Per unit / month range
- $0 – $5
Facade safety — Local Law 11
The facade passed its last inspection with no required repairs — nothing to budget for here, and no facade assessment on the horizon for roughly five years.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Recent sales
With 66 condominium units, resale turnover at The Leonard is measured — a handful of closings in a typical year. Pricing tracks the Tribeca loft-condominium market, with the highest-ceilinged homes, penthouse lofts, and best-exposed floors at the top of the building's range. The dramatic ceiling heights are a genuine differentiator that supports pricing against more conventional product. The BBL-linked sales record on this site reflects recorded transfers as they post; we benchmark any specific home against its ceiling height, floor, exposure, and layout rather than building-wide averages.
What to know if you’re buying
As a condominium, The Leonard offers the flexibility a co-op cannot. Financing is flexible — there are no co-op financing caps. There is no co-op board admissions process — purchases clear through a condominium right-of-first-refusal rather than a board package and interview. Pied-à-terre, trust, LLC, and investment purchases are customary, and subletting is materially freer than at a co-op, which matters in a strong downtown rental market.
The variable that drives value here is ceiling height. With heights ranging from roughly 10.5 to 18 feet, the volume of a given home is its defining characteristic — a soaring penthouse loft is a fundamentally different asset from a standard-ceiling floor. We help buyers read the floor plans, weigh volume and exposure against price, and benchmark against the Tribeca loft-conversion inventory.
What to know if you’re selling
Lead with the ceilings. Heights up to 18 feet are the building's single most marketable feature and the hardest to replicate in new construction; a high-ceilinged home should be marketed on that volume above all.
Frame the authentic-conversion story. A restored 1920 building with modern systems, in the Tribeca East Historic District, is a distinct value proposition from generic new product, and a resale should foreground that character.
Closing mechanics are condominium-standard — a right-of-first-refusal rather than a board process — and the building's sublet flexibility broadens the buyer pool to include investors as well as owner-occupants.
Position to the Tribeca loft buyer. This is a loft building for buyers who want volume and character; pricing and presentation should target that buyer rather than a conventional high-rise shopper.
Comparable buildings
If you're considering 350 Broadway, also evaluate the surrounding Tribeca loft and condominium inventory:
- 108 Leonard Street — landmark conversion condominium nearby
- 270 Broadway — full-service building on Broadway
- 134 Duane Street — Tribeca loft condominium
- 56 Leonard Street — luxury Tribeca tower nearby
The Roebling Team at The Leonard
The Roebling Team at Compass specializes in Tribeca, loft conversions, and the broader downtown condominium market. We publish this profile because buyers and sellers evaluating a soaring-ceiling loft conversion deserve building-specific intelligence — the ceiling heights, the restored architecture, the amenity program, and where pricing sits in the Tribeca loft market.
If you're considering a purchase or sale at The Leonard, a 30-minute consultation is the right starting point.
Get the full picture on this building.
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