Tampa Bay quarterback Tom Brady and his supermodel wife Gisele Bündchen are under contract to sell their Tribeca home for just under $40 million, according to a report from the New York Post.

The buyer is reportedly a New York and Connecticut-based financier, according to the Post’s source.

“They are in contract to sell and the deal is expected to close soon,” the source disclosed.

Bündchen and Brady certainly picked the right time to sell. The couple purchased the 12th-floor unit at 70 Vestry for a fraction of what they’re selling it for now, at $25.46 million in 2018, according to property records. The waterfront building was designed by Robert A. M. Stern Architects and developed by Related Companies. Construction on the building was completed shortly before Brady and Bündchen moved in 2018.

After the couple were originally set to live in an 11th-floor unit in the building, Brady changed course and requested a unit on the 12th floor instead, perhaps in a superstitious gesture to his number 12 jersey. At that time, Brady was with the New England Patriots.

Although the couple is letting go of their 12th-floor pad, which includes five bedrooms, five and a half baths and a 1,900-square-foot terrace, it doesn’t mean goodbye to New York forever — they’ll still hold onto a smaller unit they own in the same building.

“Tom and Gisele still love New York but they are downsizing because they are spending so much time in Tampa,” the Post’s source said.

Upon moving to Tampa, Brady and Bündchen rented Derek Jeter’s mansion on Davis Islands. Back in October, the couple was eyeing a property in Clearwater, Florida, according to various reports.

Email Lillian Dickerson

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription