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

It was previously listed for $26M

TRD New York /
Sep.September 06, 2018 06:15 PM

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.


Related Articles

arrow_forward_ios
250th Issue

The Real Deal celebrates 250 issues

From left: Publisher and founder Amir Korangy, Editor-in-chief Stuart Elliott and VP of Corporate Development Yoav Barilan

TRD’s founders share war stories from over the years

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Due to relatively high income levels and low transportation costs, New York City is the eight most affordable of 20 major cities (Credit: iStock)

NYC is the 8th most affordable big city in America*

53 West 53rd Street, 885 Park Avenue, 70 West 45th Street (Credit: StreetEasy)

Five priciest homes to hit the market last week all over $22M

118 East 76th Street and Developer Joseph Chetrit (Credit: Google Maps and Getty Images)

Manhattan luxury home market off to worst start in seven years

Mayor Bill de Blasio (Credit: Getty Images)

De Blasio to test brokers, owners for housing discrimination

Buyer sentiment was strong at the close of 2019 (Credit: iStock)

Home buyers start 2020 with drop in mortgage rates

arrow_forward_ios
Loading...