Today's Video Headlines: 10/30/25
Following years of swirling speculation and a near-mythic presence, the Clocktower Penthouse at 108 Leonard — a penthouse that’s crowned by the building’s stunning clocktower — has found its very first buyer, The Post has learned.
The palatial triplex officially entered contract earlier this month, according to its representatives.More than 40% of US homeowners don't have mortgages — and that number is growingEvan Joseph Studios Spanning 8,770 square feet indoors and more than 3,000 square feet of terraces — including a rare wraparound at the base of the clock itself — this sky-high residence blends Gilded Age grandeur with modern architectural finesse. For years, the penthouse captivated buyers with the singular chance to inhabit a literal piece of New York City’s skyline, but it was not on the market. It was originally designed by McKim, Mead & White in the late 19th century as the New York Life Insurance headquarters.“This is a significant moment in Elad Group’s evolving legacy,” Elyse Leff, Executive Vice President of Marketing and Sales at Elad Group, which developed the project, told The Post. “With 108 Leonard, we have achieved one of the city’s most remarkable and successful conversions. Selling the Clocktower Penthouse is a testament to our vision of preserving Manhattan’s architectural heritage by thoughtfully reimagining landmarks for contemporary living,” she said. The penthouse’s long-awaited contract comes seven years after Elad Group launched sales at 108 Leonard — formerly 346 Broadway, the old New York Life Insurance Company headquarters. Designed by McKim, Mead & White in the late 1800s, the Italian Renaissance Revival structure became a designated landmark in 1987.After acquiring the property in 2013 with the Peebles Corporation for $160 million, Elad spent six years transforming it into 152 luxury condominiums — without compromising the architectural bones that once defined the Gilded Age. But the Clocktower Penthouse stood apart from the rest. Occupying the building’s north, west and south corners, the five-bedroom, five-bath residence has long been treated like a holy grail of Downtown real estate. Until its market debut this April, it had never been listed. “I can say unequivocally that selling the Clocktower Penthouse at 108 Leonard is a career achievement,” Elena Sarkissian, Director of Sales at 108 Leonard with Douglas Elliman Development Marketing, told The Post. “This apartment is a treasured piece of the Downtown skyline and of New York City history, reimagined with exquisite contemporary craftsmanship. There are so few trophy penthouses and this one is the ultimate.”A grand double-height corner salon anchors the main floor, lined with dramatic arched windows and anchored by a dual-sided fireplace. The 1,000-square-foot primary suite boasts a midnight bar, a dressing room with southern exposure, and a marble-clad bathroom with 15-foot ceilings and a 6-foot freestanding tub. A circular staircase — alongside a private internal elevator — leads upstairs to a flexible layout ideal for a wellness retreat, a wine cellar or a home theater. But the real showstopper lies above: the lower portion of the historic clock tower, transformed into a 16-foot-high art salon ringed by a 2,000-square-foot terrace.Hand-carved eagles, gargoyles, and ornate balustrades frame panoramic views that stretch from the Empire State Building to the bridges of the East River. “When you’re on the terrace, you pick up the rivers on both sides. I mean it’s really spectacular,” Sarkissian said. A patinated spiral staircase leads to the base of the clock itself — still viewable inside, though not large enough to be a habitable space. The clock was once entirely mechanical and manually wound; it was electrified in 2023 as part of the building’s modernization. “My first time in the clocktower itself, inside the actual space, was magical,” Tim Rooney, a partner at Jeffrey Beers International, which oversaw much of the interior design, said. “It is like being transported back in time.” That’s by design. As Rooney explained, the goal was “to take something historical and modernize it so it felt that it would be space that was handed down from generation to generation.”The largest private home in Manhattan has found a new owner -- after nearly $40M in cuts2025 TIME100 Next red carpet: Tate McRae, Jonathan Bailey, Teyana Taylor and moreIt was originally designed by McKim, Mead & White in the late 19th century as the New York Life Insurance headquarters.
Exclusive Historic Buildings Homeowners Landmarks Landmarks Preservation Commission Luxe Listings Luxe Living Manhattan New York City Penthouse Residential Real Estate Tribeca
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Hypocrite' Don Lemon torched for saying Megyn Kelly looks 'trans': 'The Left is using 'Trans' as an insult now?'Today's Video Headlines: 10/28/25
Read more »
Chicago lawyer charged in death of wife year after tech exec found 'pulverized' at bottom of high-rise stairwellToday's Video Headlines: 10/28/25
Read more »
'Anti-Greta' conservative activist seeks asylum in US over Antifa death threats -- with support of Elon MuskToday's Video Headlines: 10/28/25
Read more »
This common phone habit could indicate whether you're rich or notToday's Video Headlines: 10/28/25
Read more »
Trump says a trade deal with South Korea has been reached: 'Pretty much finalized it'Today's Video Headlines: 10/28/25
Read more »
North Carolina Dad makes chilling 911 call to confess to killing his four kids, cops find bodies in trunk of carToday's Video Headlines: 10/28/25
Read more »