Office building · Tribeca, Manhattan
59 Leonard Street
New York, NY 10013
59 Leonard Street is a 15-floor office building in Tribeca, Manhattan, built in 1948, with about 202,000 square feet of office space according to city records.
Also at 250-254 Church Street, 99-101 Franklin Street and 59-63 Leonard Street.
- Office space
- 202K SF
- Floors
- 15
- Year built
- 1948
- Zoning
- C6-2A
The 19th largest of the 36 office buildings we track in Tribeca. Compare it with 6 neighbors
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Compared with its neighbors
How 59 Leonard Street compares
Next to the 6 nearest large office buildings, all within a 3 minute walk, 59 Leonard Street ranks 4th of 7 by office floor area. It went up in 1948; the median neighbor dates from 1922. Its estimated property tax, about $5.01 a square foot of floor area before abatements, is below the neighbors' median of $12.61.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 59 Leonard Street | 202K SF | 15 | 1948 | $5.01 | Jun 2024, $96.5M |
| 40 Worth Street | 543K SF | 16 | 1929 | $10.02 | n/a |
| 71 Thomas Street | 101K SF | 7 | 1891 | $17.85 | n/a |
| 373 Broadway | 38K SF | 6 | 1915 | $12.61 | Oct 2006, $36.6M (3 lots) |
| 325 Broadway | 40K SF | 5 | 1864 | $11.71 | n/a |
| Western Union Building, 56 Hudson Street | 800K SF | 23 | 1930 | $30.74 | n/a |
| 117 Duane Street | 310K SF | 15 | 1954 | Exempt | n/a |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 250-254 Church Street; 99-101 Franklin Street; 59-63 Leonard Street
- ZIP code
- 10013
- Building type
- Office building (city class O3)
- Total floor area
- 202,000 SF
- Commercial floor area
- 202,000 SF
- Office
- 202,000 SF
- Height
- 15 floors
- Average floor
- About 13,500 SF (floor area divided by floors)
- Year built
- 1948
- Last major alteration
- 2004
- Lot area
- 13,606 SF
- Zoning district
- C6-2A
- Built FAR
- 14.85
- Max commercial FAR
- 6
- Tax lot (BBL)
- 1001770002
Nearest subway
- Franklin St
- Canal St
- Canal St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-16; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-16. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists FRANKLIN 2024 PROPCO, LLC as the owner of record. For tax year 2026/27 the city values 59 Leonard Street at $20.9 million and assesses it at $9.4 million. After phase-ins and exemptions its taxable value is $9.33 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $1.01 million a year before abatements, roughly $5.01 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- FRANKLIN 2024 PROPCO, LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $20,878,000
- Land market value
- $4,100,000
- Assessed value
- $9,395,100
- Taxable value (phased in)
- $9,328,981
- Estimated yearly tax
- About $1.01 million
- Tax per SF of floor area
- About $5.01
City market value by tax year
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How to find who owns any NYC buildingSource: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-16; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC property records (ACRIS)
Sales history
59 Leonard Street last sold in June 2024 for $96.5 million, according to the deed recorded with the city. MAPLE C 250 CHURCH OWNER, LLC sold it to FRANKLIN 2024 PROPCO, LLC. That comes to about $478 per square foot of floor area.
- Last sale (deed date)
- June 21, 2024
- Price
- $96,500,000
- Price per SF of floor area
- About $478
- Seller
- MAPLE C 250 CHURCH OWNER, LLC
- Buyer
- FRANKLIN 2024 PROPCO, LLC
- Deed recorded
- June 27, 2024
- ACRIS document
- 2024062500968001
Recorded sales
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-16; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 8 jobs at 59 Leonard Street. In the last two years, interior work was permitted on 17 floors (floors 1 to 17 and the cellar). The newest build-out, on floors 1 to 6, was first permitted in July 2026 (structural; filed cost estimate $65,000). A sidewalk shed permit here is active until December 13, 2026.
- New jobs, last 12 months
- 8
- Initial permits, last 12 months
- 14
- Newest job first permitted
- October 2026
- Interior build-outs, last 24 months
- 4
- Floors with interior work, last 24 months
- 1 to 17, cellar
- Facade and sidewalk jobs, last 24 months
- 4
- Sidewalk shed permit
- Active until Dec 13, 2026
Recent build-outs
New jobs by year
Build-outs across TribecaWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-24 (permits issued through 2026-10-22). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
No office space listed in Tribeca yet
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Before you sign
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Questions about 59 Leonard Street
How big is 59 Leonard Street?
59 Leonard Street has about 202,000 square feet of floor area in total, including 202,000 square feet of office, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 59 Leonard Street built?
City records list 1948 as the year built, with a major alteration recorded in 2004. The building is 15 floors tall.
What other addresses does 59 Leonard Street have?
City records list 250-254 Church Street, 99-101 Franklin Street and 59-63 Leonard Street on the same tax lot (BBL 1001770002) as 59 Leonard Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 59 Leonard Street?
59 Leonard Street is in ZIP code 10013, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 59 Leonard Street, New York, NY 10013, in Tribeca.
What is the zoning at 59 Leonard Street?
The lot is in the C6-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 14.85 and a maximum commercial FAR of 6 for this lot.
What subway station is closest to 59 Leonard Street?
The closest subway station to 59 Leonard Street is Franklin St (the 1 train), about 550 feet away in a straight line, roughly 2 minutes on foot. Also nearby: Canal St (the A, C and E trains), 4 min walk; Canal St (the 6, J, N, Q, R, W and Z trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 59 Leonard Street?
The NYC Department of Finance's 2026/27 assessment roll lists FRANKLIN 2024 PROPCO, LLC as the owner of record of 59 Leonard Street (BBL 1001770002). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 59 Leonard Street last sold?
59 Leonard Street last sold in June 2024 for $96.5 million, according to the deed recorded with the city. MAPLE C 250 CHURCH OWNER, LLC sold it to FRANKLIN 2024 PROPCO, LLC. That comes to about $478 per square foot of floor area. The deed is ACRIS document 2024062500968001 (BBL 1001770002) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Is there construction at 59 Leonard Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 8 jobs at 59 Leonard Street. In the last two years, interior work was permitted on 17 floors (floors 1 to 17 and the cellar). The newest build-out, on floors 1 to 6, was first permitted in July 2026 (structural; filed cost estimate $65,000). A sidewalk shed permit here is active until December 13, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 1001770002. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 59 Leonard Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $9.33 million for 59 Leonard Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $1.01 million a year, roughly $5.01 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 1001770002 show the actual bill.
What is the assessed value of 59 Leonard Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 59 Leonard Street at $20.9 million ($4.1 million of it land) and its assessed value at $9.4 million, the 45% of market value the city assesses for Class 4 property. The city's market value fell 38% from 2022/23 ($33.9 million) to 2026/27.
Is there office space for lease at 59 Leonard Street?
No space at 59 Leonard Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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Transit hubs in Tribeca
- 1 at Franklin St
- A C E at Canal St
- 1 2 3 at Chambers St