Exclusive | NYC penthouse inside a historic downtown clocktower lists for the first time ever at $19.25M

What time is it? The perfect time for someone to buy this standout Tribeca penthouse — one that’s housed inside a historic, and stunning, clocktower. Seven years after Elad Group kicked off sales at 108 Leonard, the developer is unveiling the building’s most coveted gem: “The Clock Tower” penthouse. Priced at $19.25 million, this marquee residence — unit PHW — listed on Tuesday, marking its first time ever for sale.For years, whispers about the mysterious triplex have swirled among New York’s real estate elite — until now. The penthouse’s sprawling 8,770-square-foot interior is paired with 3,082 square feet of outdoor space — some of which directly surrounds the clock itself.It’s all perched at the nexus of the building’s north, west and south corners.

However, the clock’s immediate space, according to the floor plans, is very small — with no room to be habitable.Until the building’s redevelopment into residential units, the clocktower had been one of the few still functioning in the city — and one that was run purely by mechanical means.It was later electrified in 2023.Inside, the triplex with ceilings soaring past 15 feet gives way to a dramatic spiral staircase that ascends into the clocktower. The listing arrives at a pivotal moment for 108 Leonard.

Just last week, the building’s “Crown Penthouse” fetched $24.5 million, capping a bustling first quarter that saw seven contracts inked. March alone stood out, logging the highest number of sponsor deals above $20 million in New York City since September 2021, according to Marketproof data. With fully built, move-in-ready condos in short supply — and uncertainty looming over construction costs amid potential tariff hikes — the timing couldn’t be more opportune. And now, it’s time for this aerie to have its very first owner.As Elena Sarkissian, the sales director for 108 Leonard with Douglas Elliman Development Marketing, said, “We’ve never listed it.This i...