Buyer scoops up $50M penthouse at Related’s 70 Vestry

A mystery buyer has inked a deal to purchase a penthouse at Related Companies’ 70 Vestry Street that was listed for $50 million. The triplex pad — which will span the top three floors of the under-construction, 14-story building — was asking $7,637 per square foot. When completed, the 6,547-square-foot pad will have two terraces […]

The uptown crowd is moving downtown — and developers are definitely noticing

From Luxury Listings NYC: Is Downtown the new Uptown? One group of buyers apparently thinks so. Drawn by a slew of amenity-rich buildings, as well as the relatively new Avenues school in Chelsea, young parents are no longer fleeing to Park Avenue once they have children, preferring to remain in their Downtown neighborhoods. And empty nesters, […]

Want to sell a luxury condo? Try using wood made by monks

With fewer and fewer buyers willing to fork out tens of millions for New York apartments, developers are searching the world over for materials no one else has. In this market, buyers can be picky and creating something unique is a requisite for staying competitive. In an effort to lure well-heeled buyers, developers are going […]