The Real Deal New York

Another sponsor unit sells at 70 Vestry

The condo sold for $21M
By Meenal Vamburkar | December 21, 2018 02:15PM

70 Vestry Street (Credit: iStock)

A sponsor unit at 70 Vestry Street closed for $21.4 million.

Unit 9S sold to an anonymous buyer listed as “70 Vestry LLC,” according to records filed with New York City’s Department of Finance. It was asking $23.5 million.

The condo spans about 4,300 square feet and has two river-facing terraces, according to the listing. It features 522 square feet of outdoor space, including an outdoor grill and sink. Amenities at the Related Companies building include an 82-foot-long swimming pool, a full-time concierge and a lounge and dining suite.

The sale follows a $55 million deal for a penthouse at 70 Vestry. Purchased by Italian telecom entrepreneur Silvio Scaglia, the unit was once expected to be the priciest sale in Downtown Manhattan but instead sold at a steep discount from its $65 million asking price.

Other recent deals at the building include Related Chairman Stephen Ross’ buy of $6.9 million condo. In October, a unit Gisele Bundchen and Tom Brady had reportedly been looking at sold for $25.5 million. And film producer and director Jack Heller bought a unit in October as well for $18.8 million.