42.4 F
New York
Friday, March 29, 2024

Upcoming Sale of $65M Tribeca Penthouse Could Be Historic Deal 

Related Articles

-Advertisement-

Must read

A $65 million penthouse in the 70 Vestry Street condominium is now in contract, according to a Wall Street Journal report last month. The penthouse, located on the condo’s top two floors, could potentially become the most expensive ever sold in downtown Manhattan, beating out Walker Tower’s penthouse, which closed for $50.9 million in 2014, as Curbed.com noted in July. The condominium is under development by Related Companies, whose executive vice president, Benjamin Joseph, declined to reveal the prospective buyers or sales price. 

“As this coveted development moves forward and meets major construction milestones, we continue to see great buyer confidence,” Joseph said in a statement in March. 

“A penthouse of this caliber has never before been offered in Tribeca, and may never be again.”

The likely sale of the 70 Vestry penthouse arrives in the wake of other lucrative real estate deals this year, including the sale for $60.8 million of an apartment  in the 96-story 432 Park Avenue condo on “Billionaire’s Row.” A four-bedroom apartment in the One57 condo tower on West 57th Street also sold for $45.8 million this year.

Designed by architect Robert A.M. Stern, the 70 Vestry condominium features an 82-foot pool, yoga facilities, a gym, and a squash court, according to the Real Deal, along with billboards, a library, and a café.

The potential buyer (or buyers) of the $65 million, 7,800 square foot penthouse remain anonymous, at least for the time being. The penthouse boasts 3,700 feet of outdoor space, along with five bedrooms, four kitchens, a wrap-around roof deck, and a solarium. Current tenants of the luxury Vestry Street condominium include New England Patriots quarterback Tom Brady and his wife, Giselle Bundchen. The couple purchased a $20 million apartment in the condo last year, according to Curbed. 

The report noted that the building is still undergoing construction, with move-ins expected around Spring of next year.

By:  Asher Schlesinger 

balance of natureDonate

Latest article

- Advertisement -