Legion Investment Group

What Legion Investment Group does

Legion Investment Group, founded in 2016 by Victor Sigoura (a former lawyer at Greenberg Traurig), is a Manhattan-focused luxury residential real estate development firm. The company identifies, assembles, and entitles development sites in supply-constrained prime Manhattan neighborhoods — including the Upper East Side, Greenwich Village, West Chelsea, and Gramercy Park — and develops architecturally distinguished condominium towers in partnership with world-renowned design firms such as Studio Sofield, Kohn Pedersen Fox, Thomas Juul-Hansen, Roman & Williams, and Steven Harris Architects. Across its portfolio, Legion has developed over six million square feet representing more than $10 billion in luxury residential real estate. Active projects include 1122 Madison Avenue (26-unit Upper East Side tower with Nahla Capital), 550 West 21st Street (83-unit West Chelsea tower), 38 Gramercy Park East (57-unit Gramercy building), the Greenwich Spire at 5-11 Washington Place, and 11 West 13th Street (a 538-foot Greenwich Village tower with EJS Group).

The firm's revenue model is the development and sale of luxury condominium units, with revenue recognized at unit closings. Pricing is quote-based and negotiated through luxury real estate broker networks, with disclosed price points including over $4,000 per square foot at 109 East 79th Street and a $89.5 million duplex penthouse at 1122 Madison Avenue that set an Upper East Side record. Legion operates with a lean in-house team of 1-10 employees and augments execution through co-development capital partners (Nahla Capital, EJS Group, Gindi Capital, AVRS Partners LP), institutional construction lenders (Deutsche Bank, JVP Management, Eldridge Real Estate Credit, Bank OZK, CanAm Enterprises), and exclusive sales agents such as Corcoran Sunshine Marketing Group. The customer base is ultra-high-net-worth individuals purchasing premium residences in Manhattan's most storied locations.

Name

Legion Investment Group

Legal name

Legion Investment Group

Website

https://legioninvestmentgroup.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Legion Investment Group is a New York City-based luxury residential real estate developer founded in 2016 that acquires and assembles development sites to build architecturally distinguished condominium towers in Manhattan's most prestigious neighborhoods for ultra-high-net-worth buyers.

Ownership category

akta.pro rank

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Luxury Residential Condominium Sales: Legion Investment Group generates revenue by developing and selling luxury condominium units in Manhattan. The company acquires development sites, secures construction financing, and sells completed or pre-construction residential units at premium prices. Revenue is realized upon closing of unit sales to end purchasers. The firm has achieved record-breaking sales including a $89.5 million penthouse at 1122 Madison Avenue, representing the priciest deal in New York City for the year and a neighborhood record for the Upper East Side.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Legion Investment Group is a Manhattan-based real estate development firm that acquires, assembles, and develops architecturally distinguished ultra-luxury residential condominium properties in prime Manhattan neighborhoods including the Upper East Side, Greenwich Village, West Chelsea, and Gramercy Park. The firm identifies development sites, secures construction financing from institutional lenders, partners with world-renowned architects, and sells completed or pre-construction condo units directly to ultra-high-net-worth buyers. Revenue is generated through one-time unit sale closings facilitated by luxury broker networks and marketing partners such as Corcoran Sunshine Marketing Group.

Product overview

Legion Investment Group is a Manhattan-focused luxury real estate development firm offering a portfolio of high-end residential condominiums across prime neighborhoods including the Upper East Side, West Chelsea, Greenwich Village, and Gramercy Park. The company's developments range from boutique 26-unit buildings to larger 83-unit towers, all featuring architectural design from renowned firms such as Studio Sofield, Kohn Pedersen Fox, Thomas Juul-Hansen, and Steven Harris Architects. Key projects include 109 East 79th Street (completed 2022), 1122 Madison Avenue (in development with Nahla Capital), 550 West 21st Street in West Chelsea, 38 Gramercy Park East, and The Greenwich Spire at 5-11 Washington Place. Projects incorporate luxury amenities including private outdoor spaces, fitness centers, rooftop terraces, and innovative features such as robotic parking systems.

Differentiator

Problem solved

Functional benefit

Products and services

• 109 East 79th Street A 32-unit luxury residential condominium on Manhattan's Upper East Side featuring 145,000 square feet of residential space, designed by Steven Harris Architects with interiors by Rees Roberts + Partners. Targeted at ultra-high-net-work buyers seeking prewar design-inspired residences on the Upper East Side.
• 1122 Madison Avenue A 22-story, 26-unit luxury condominium tower on Manhattan's Upper East Side developed in partnership with Nahla Capital, designed by Studio Sofield with completion expected fall 2027. For ultra-high-net-worth buyers seeking Central Park views and architecturally significant residences adjacent to Museum Mile.
• 550 West 21st Street A 23-story, 83-condo luxury residential tower in West Chelsea, Manhattan designed by Thomas Juul-Hansen, featuring a hand-laid Italian brick and limestone facade with waterfront views. For ultra-high-net-worth buyers seeking large-format luxury residences with Hudson River views.
• 38 Gramercy Park East A 20-story, 57-unit luxury residential building in Gramercy Park designed by Roman & Williams, featuring AI-enabled robotic parking systems deployed in partnership with Volley Automation. Targeted at ultra-high-net-worth buyers seeking privacy and design pedigree near Gramercy Park.
• The Greenwich Spire (5-11 Washington Place) A 30-story, 34-unit residential skyscraper in Greenwich Village designed by Kohn Pedersen Fox with interiors by Leroy Street Studio, featuring natural stone and blade-cut brick facade. Targeted at ultra-high-net-worth buyers seeking Greenwich Village addresses.
• 11 West 13th Street A 30-story, 538-foot tall, 34-condo unit skyscraper in Greenwich Village developed in partnership with EJS Group, expected to be the tallest building in Greenwich Village upon completion. Targeted at ultra-high-net-worth buyers prioritizing Greenwich Village trophy addresses.

Quantifiable outcome

• $89.5 million penthouse sale — Upper East Side condo record and NYC's priciest residential deal of the year
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Nahla Capital (Genghis Hadi)coreStrategic or Co-development PartnerLegion Investment Group and Nahla Capital (led by Genghis Hadi) are co-developers of 1122 Madison Avenue on the Upper East Side. The partnership secured a $195.1 million construction loan and assembled a $95 million land parcel. The project sold 20 of 26 units in contract shortly after launch, with a penthouse achieving an $89.5 million Upper East Side record. Nahla Capital is a repeat co-development partner with Legion.
• EJS Group (Ted Segal)coreStrategic or Co-development PartnerLegion Investment Group partnered with EJS Group (led by Ted Segal) on multiple Greenwich Village developments including 5 West 13th Street (The Greenwich Spire, 30-story, 111,022 sq ft, 36 units) and 11 West 13th Street (30-story, 538-foot tall, 34 units). EJS Group co-acquired the Greenwich Village office building at 80 Washington Square East for $57.5 million and the development site at 5-11 Washington Place for $130 million.
• AVRS Partners LPminorStrategic or Co-development PartnerAVRS Partners LP is a co-developer with Legion Investment Group on the 550 West 21st Street West Chelsea project (23-story, 83-condo building designed by Thomas Juul-Hansen).
• Corcoran Sunshine Marketing GroupcoreChannel Partner/ Reseller/ DistributorCorcoran Sunshine Marketing Group was tapped as the exclusive sales agent for 550 West 21st Street in West Chelsea, handling the marketing and sales launch of the 23-story, 83-condo project expected to debut in mid-2027.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Naftali Group: Naftali Group is a Manhattan-based luxury residential developer known for ultra-luxury condos in prime neighborhoods (Upper East Side, Tribeca, West Village). Highly comparable to Legion in scale, target buyer, and project archetype; Legion's EVP of Construction (Dory Telem Goudsmit) previously served as VP of Construction at Naftali.
• Extell Development Company: Extell is one of NYC's largest ultra-luxury condo developers, behind landmark record-priced projects such as Central Park Tower and One57. Directly comparable to Legion's ultra-luxury Manhattan condo focus and UHNW buyer base.
• Macklowe Properties: Macklowe is a New York luxury real estate developer behind ultra-luxury residential projects including 432 Park Avenue. Comparable to Legion in Manhattan ultra-luxury condo development and record-setting pricing strategy.
• JDS Development Group: JDS Development is a NYC-based real estate developer behind luxury residential towers such as 111 West 57th Street and the American Copper Buildings. Comparable to Legion in luxury Manhattan residential development with star-architect partnerships.
• Elad Group: Elad Group is a NYC real estate developer known for the Plaza Hotel luxury condo conversion and other high-end residential projects. Comparable to Legion in luxury Manhattan residential development; Legion's founder (Victor Sigoura) previously developed at El-Ad Group.
• HFZ Capital Group: HFZ Capital was a NYC luxury real estate developer that filed for bankruptcy in 2023. Comparable to Legion as a Manhattan luxury condo developer; Legion acquired a West Chelsea development site from HFZ in 2024.

Broad incumbents

• The Related Companies: Related is one of the largest US real estate developers, with major NYC luxury residential exposure (Hudson Yards, Abington House). Comparable to Legion as a broad incumbent with significant luxury Manhattan condo activity, though much larger and more diversified.
• Tishman Speyer: Tishman Speyer is a global developer and investor with significant NYC residential and commercial activity (e.g., The Spiral). Comparable to Legion as a broad incumbent in Manhattan luxury real estate, though with a global, multi-asset-class platform.
• Vornado Realty Trust: Vornado is a publicly-traded REIT with concentrated Manhattan office and luxury residential assets. Comparable to Legion as a significant NYC real estate participant, though primarily a public REIT operator rather than a luxury condo developer.

Regional players

• Cape Advisors: Cape Advisors is a NYC-based residential and mixed-use developer focused on luxury and high-end projects. Comparable to Legion as a smaller-scale NYC luxury residential developer; Legion's EVP (Sean Zalka) was previously Director of Development at Cape Advisors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC0c4Y2qizJQZOEe9LsrwIVg
• LinkedInlinkedin.com/company/legion-investment-group
• Instagraminstagram.com/legioninvestmentgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Legion Investment Group