Greenpoint’s 533 Leonard Condos Hit the Market Asking Above Neighborhood Average

April 27, 2016

Along the southern border of Greenpoint, near Williamsburg’s McCarren Park, a once charming 19th-century school building at 533 Leonard Street is completing its adaptive reuse into 13 condominiums. Three two-bedroom units were just listed on the market this week asking an average price per square foot of $1,411, a bit above Greenpoint’s current average condo asking price of $1,152 per square foot. The 21,000-square-foot development is a synthesis of the Italianate-style Horace Greeley School married with a modern addition and gut-renovated interiors handled by local architects MDIM.

MDIM, Largo Investments, Greenpoint
Prior to the overhaul, the building housed the Polish Legion of American Veterans who purchased the property in 1937

533 Leonard, Greenpoint apartments,
Construction shot of gut renovation. With the overhaul, the building is gaining 9,800 square feet of additional floor area and 20 feet of height

Largo Investments are handling the overhaul and have carved out 13 one- to three-bedroom homes, all with outdoor spaces and nearly half as duplexes. Characterful details such as original exposed brick, arched windows and wood beam ceilings are combined with modern finishes, heated floors, double-height ceilings and light-bathed spaces. The building will have seven apartments on its first floor, six of which are duplexes that are shared with either a mezzanine level above or the cellar level below. There are four units on the second level, two more on the third, and the roof will host a terrace and recreational area.

Here are two of the available units:

533 Leonard, Greenpoint apartments,

533 Leonard, Greenpoint apartments,

Unit 1C is a 1,573-square-foot, two-bedroom, three-bathroom duplex with an ask of $2.25 million or $1,430 per square foot. The lower level contains two bedrooms that both provide direct access to a private rear year. The upper level contains the living areas along with a large terrace accessible from both the kitchen and the living room. See full listing here.

533 Leonard Street (6)

533 Leonard, Greenpoint apartments,

Unit 2D is a 1,542 square-foot, two-bedroom, two-bathroom home with a 100-square-foot, street-facing terrace. The open layout accommodates a large 32-foot-long great room with double-height ceilings, and a staircase leads up to a small mezzanine level. The home is asking $2,52 million or $1,637 per square foot. See full listing here.

MDIM, Largo Investments, Greenpoint

Find all listings for 553 Leonard at CityRealty.


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