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 […]

Confused about what happened in the luxury market in 2016? Here’s a handy guide

How did Manhattan’s luxury market fare in 2016? The optimistic broker or developer might point to the fact that this year will see a record $9.4 billion in closings for apartments priced $4 million and up, according to a new analysis by The Real Deal. But there’s another benchmark that serves as a more current […]

The 10 most valuable Manhattan condo filings accepted in 2016

What a difference a year makes. In 2015, seven Manhattan condominium plans projecting total sellouts north of $1 billion were accepted by the New York State Attorney General’s Office. But this year, only one Manhattan project crossed the billion-dollar mark, and developers abandoned several condo projects with projected sellouts north of $100 million. Related Companies has […]