The Real Deal New York

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

Power couple to leave perch at One Madison for Tribeca condo
August 02, 2016 08:51AM

70 Vestry in Tribeca Gisele Bundchen and Tom Brady (credit: Getty Images)

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