REAL New York Secures Priciest Penthouse Purchase in Tribeca Real Estate History

NEW YORK, Dec. 12, 2018 /PRNewswire/ -- Today REAL New York, a brokerage firm located in New York City, has finalized a $55 million purchase at 70 Vestry Street, setting the record as the largest residential building purchase in Tribeca's history and downtown Manhattan area stretching from 23rd Street to Battery Park.

REAL New York's team, comprised of Binyamin Weinstein, Louis Adler, and Robert Rahmanian, negotiated an asking price from $65 million on behalf of an international buyer in the Italian luxury lifestyle space. Developed by Related Companies and designed by Robert A.M. Stern Architects, the three-story penthouse boasts 7,500 square feet, five bedrooms, six and ½ baths, four kitchens, a solarium, a library, and 3,600 square feet of private outdoor space. Within the building, residents and guests can utilize the spa suite with an 82-foot swimming pool, lounges or private courtyard while enjoying features like Taj Mahal quartzite and Fior de Basco marble flooring with interiors designed by Daniel Romualdez.

"The property is one of the last new developments on the West Side Highway and offers unobstructed views of the Hudson River which can be viewed from a private wrap-around rooftop deck," says Robert Rahmanian, REAL New York's co-founder and principal.

Condos in the luxe building are some of the fastest-selling properties in downtown Manhattan, having been first listed on March 1, 2017. The 14-story property has sought attention from high-profile residents including Gisele Bundchen and Tom Brady. The building currently boasts 46 apartments with available units priced from $7.95 million to $23.5 million.

"The asking price was originally $10 million higher, but we're thrilled to have helped secure the best deal possible for our client," said Louis Adler, co-founder and principal, REAL New York. "It's an added bonus that the sale is the largest in Downtown Manhattan's history."

About REAL New York

Established in 2013, REAL New York is a brokerage firm serving the New York metropolitan area with offices in Manhattan and Brooklyn. With their network of trustworthy sales and rental agents, the firm manages over 1,000 exclusive listings annually throughout NYC, and their motto, "real partners, real results," affirms their authentic and devoted relationships with developers and landlords alike. REAL New York also combines deep industry expertise with a transparent mentality to ensure higher margins for developers and landlords, greater value for tenants, and a refreshing transaction process for all. For more information on REAL New York, visit realnyproperties.com.

SOURCE REAL New York

Related Links

https://www.realnyproperties.com

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