Actress Meryl Streep is relisting a downtown New York penthouse for $18.25 million, 26% less than she sought a year ago.

The property came on the market for $24.6 million in August 2018. It was reduced to $19.75 million in October, and was taken off the market last month.

The unit spans a full floor at River Lofts, a Tribeca condo building that has a subterranean garage from which owners can take an elevator straight to their apartments-an unusual feature popular with privacy-seeking owners. Actress Gwyneth Paltrow sold her unit in 2017 for $10.7 million, records show.

Ms. Streep's four-bedroom apartment is nearly 4,000 square feet, with open plan living and dining areas, Brazilian walnut floors, a wood-burning fireplace, a media room and a space that could be used as a study or den, according to the listing. It also has a wraparound terrace on three sides, floor-to-ceiling windows and views of the Hudson River, the Statue of Liberty, the World Trade Center and the Empire State Building.

"I have gardened under the stars on hot days, and sat by the cozy fire while the snow piled up on the terrace," Ms. Streep, 70, said in a statement. "This has been a great home for us, and I hope another family can now enjoy it as much as we have." Ms. Streep has been married to Don Gummer, a sculptor, for more than four decades. They have four adult children.

The couple bought the apartment for $10.131 million in 2006, records show. Juliette R. Janssens of Sotheby's International Realty, who is re-listing the property with colleague Allison Bandier Koffman, said Ms. Streep is selling because she is relocating to California.

One of Hollywood's most lauded actresses, Ms. Streep recently won plaudits for her role in the television series "Big Little Lies," alongside Reese Witherspoon and Nicole Kidman. She is set to appear later this year in a remake of "Little Women," which is being directed by Greta Gerwig.