The Real Deal New York

Off the market: 70 Vestry unit sells for $24M

It was previously listed for $26M
By Meenal Vamburkar | September 06, 2018 06:15PM

A rendering of 70 Vestry

A unit at 70 Vestry Street sold for $24 million.

The buyer is a trust tied to lawyer Robert Frankel, according to New York City Department of Finance records. He did not immediately respond to a request for comment.

The apartment, which was previously listed for $26 million, spans roughly 4,900 square feet. It has six bedrooms and seven bathrooms. Designed by Robert A.M. Stern, 70 Vestry includes an 82-foot swimming pool, a private regulation squash court and a library.

Last year, Related Companies found a buyer for the building’s $65 million penthouse, which the company said would set a sales record for downtown Manhattan. The building’s $50 million triplex penthouse also went into contract earlier in 2017.

Related purchased the site of the building in 2014 from longtime property owner Ponte Equities for $115 million.

Related and Corcoran Sunshine Marketing Group are handling sales at the 47-unit building.