NYC’s top deals: Ponte Equities sells Tribeca condo for $19M

Overall, there were 245 deals, totaling about $400 million, recorded in New York City on Tuesday, Aug. 12. 🏆 Residential: Tribeca notched the top residential deal recorded in New York City. Ponte Equities sold off a condo unit at 70 Vestry Street for $18.7 million. Ponte dropped $36.7 million on 15 units at the Related-developed property in 2019 in a deal that priced each unit at roughly $2.45 million. The buyer was an LLC. The three-bedroom pad spans about 2,600 square feet. The latest deal pencils out to about $7,200 per square foot. 🏆 Commercial: The top commercial real estate […]This article originally appeared on The Real Deal. Click here to read the full story.