Tom and Gisele to buy $20M-plus pad at 70 Vestry

Power couple to leave perch at One Madison for Tribeca condo

New York /
Aug.August 02, 2016 08:51 AM

Super Bowl-winning quarterback Tom Brady and supermodel wife Gisele Bundchen aren’t paying deflated prices for a new Tribeca pad.

The power couple is in contract to buy a $20 million-plus pad at Related Companies’ TRData LogoTINY 70 Vestry Street, sources told the New York Post. Tom and Gisele have reportedly laid claim to a five-bedroom, 5,000-square-foot condominium unit with a large terrace at the Robert A.M. Stern-designed building.

The baller and catwalker will be moving from their apartment at Related’s One Madison once their new pad is ready. The 14-story, 47-unit building features a lap pool, sauna and steam room, squash court, and a private entrance for vehicles.

It’s not clear which apartment unit Tom and Gisele selected.

Related is shooting for a total sellout of $690 million, according to an offering plan approved by the New York state Attorney General’s office earlier this year. On a per-square-foot basis, the average asking price is $4,526, according to AG filings. The two penthouses are priced above $50 million and 11 of the apartments are asking more than $20 million, according to the offering plan.

Related filed plans for the project in 2014, after purchasing the property for $115 million. In September, the developer secured $200 million in funding from Bank of America for the project. [NYP]James Kleimann


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)
Related is the latest developer to target the Rockaways
Related is the latest developer to target the Rockaways
From left: Steven Roth, chief executive officer, Vornado Realty Trust; Kathy Hochul, governor of New York; Stephen Ross, chairman and founder, The Related Companies (Getty Images, iStock/Illustration by Steven Dilakian for The Real Deal)
Real estate showers Hochul with cash
Real estate showers Hochul with cash
Related's Stephen Ross and the Chelsea-Elliott Houses (Getty, Wikimedia)
Related wades into NYCHA — and becomes a target
Related wades into NYCHA — and becomes a target
Eliot Spitzer, Stephen Ross, 506 and 152 West 36th Street and 511 West 35th Street (Google Maps, Related Group, IMDB)
Related Companies nabs land from Spitzer Enterprises for $77M
Related Companies nabs land from Spitzer Enterprises for $77M
Top loans: Related Companies exits Margaritaville, digs in at Truffles Tribeca
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
Gravity CEO Moshe Cohen and Related CEO Jeff Blau (Getty, Gravity)
Related partners with electric vehicle startup to bring charging stations to NYC
Related partners with electric vehicle startup to bring charging stations to NYC
34 Desbrosses Street and Related CEO Jeff Blau (StreetEasy, Getty)
Related scores $258M Blackstone loan for luxury Tribeca apartment building
Related scores $258M Blackstone loan for luxury Tribeca apartment building
Stephen Ross and Esperanté Corporate Center
Stephen Ross becomes king of West Palm offices
Stephen Ross becomes king of West Palm offices
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...