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A blog from CityRealty (Links below will take you to the 6sqft site)


One of the last remaining sites on lower Manhattan's Hudson River waterfront is going condo. 67 Vestry Street in Tribeca is set to be diced into 15 residential units in addition to an amenity package that includes a pool/spa, fitness center, and several common recreation areas. The historic 1896 warehouse building, staunchly anchoring its corner on West Street, was built for the Great Atlantic and Pacific Tea Company (A&P) which was founded nearby in the tragically demolished Washington Market.
The current plan divorces from an earlier vision for the site put forth by RFR's Aby Rosen. After purchasing the building for 2005 in $16.5M, Rosen tapped SLCE Architects for a neither released nor realized plan that would demolish the building and replace it with a ground-up 11-story building with 42 residential units. Upscale condos are a given. The property basks in sunset river views and sits across the street from 70 Vestry, a 47-unit condo developed by Related Companies with Ponte Equities where one of its $55M penthouses holds the record for most expensive condo sold in the neighborhood
67 Vestry Street CityRealty (May 2020)
Elliot Aronson’s Iliad Realty Group purchased the lot from RFR for $55.5M in 2017. BP Architects is the designer of record and will plop a 40-foot-tall, rather undistinguished addition of large windows and high ceilings onto the building. The firm served as designers for other major Manhattan conversions such as The Astor, The Apthorp, and 480 Central Park West. For 67 Vestry, there will be no more than two apartments per floor, several duplexes, and a single triplex penthouse housed in the banal addition. Next door to the building is River Lofts where Meryl Streep recently sold her four-bedroom condo for $15.8 million.
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67-Vestry Street
The addition will not be the building's first. In 1910 two floors were added, still sporting a lighter tan color, designed by Metropolitan Life Tower designer Frank Helmle. Since the 1970's and up until recently, the building served as an epicenter of Tribeca's creative scene, housing famous names such as Robert Wilson, John Chamberlain, Marisol, and Andy Warhol.
While 67 Vestry was left out of the Tribeca North Historic District created in 1992, locals and preservationists have been ardently pitching for the building's designation and are likely somewhat elated that the current plan will leave its nook-and-cranny masonry facade intact. With a new row of staid luxury residences dominating Tribeca North's waterfront, the building is now just one of four historic buildings left from the Washington Market era along the river. The Washington Market was once the world's largest food market and was destroyed under the 1964 Washington Street Urban Renewal Plan which birthed the river-blocking Independence Towers and the ungainly campus of the Borough of Manhattan Community College.
According to our Q1 2020 Manhattan Residential Market Report, the average price paid for a Tribeca condo plummeted 31% compared to the same period last year. However, with Tribeca essentially out of development sites and a large portion of the neighborhood landmark. it's safe to say the area will remain a safe investment as long as NYC remains liveable (The project most likely has to implement protections from sea-level rise).

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Spacious 1 Bedrooms with outdoor space and in-residence w/d View Property
Luxury Homes in Midtown | Newly Renovated Studio-2BR Homes View Property

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