We report the magnetic properties of the new layered antiferromagnet Ni 0.7 Al 2 S 3.7 . This compound is isostructural to NiGa 2 S 4 , which is the unique low spin (S = 1) two-dimensional (2D) antiferromagnet on the exact triangular lattice. No magnetic long-range order (LRO) was observed in Ni 0.7 Al 2 S 3.7 down to 0.4 K, as in NiGa 2 S 4 . Instead, a clear spin freezing is observed at T f ∼ 4 K, which is one order magnitude smaller than the Weiss temperature |θ W | ∼ 55 K. In contrast with the field independent frustrated magnetism of the pure NiGa 2 S 4 , both the susceptibility and specific heat are found to be strongly field dependent, indicating disorder effects due to vacancies at the Ni and S sites. However, under a field of 9 T, Ni 0.7 Al 2 S 3.7 shows a T 2 -dependent magnetic specific heat that scales with |θ W |, similarly to NiGa 2 S 4 . This implies an emergence of a 2D linearly dispersive mode without a magnetic LRO. Electron spin resonance (ESR) measurements reveal a systematic broadening of the resonance spectra on cooling with T −2.5 , suggesting that Ni spins develop 2D antiferromagnetic correlation with decreasing T toward T = 0. Moreover, Ni 0.7 Al 2 S 3.7 exhibits crossover from a high temperature isotropic to a low temperature easy-plane anisotropic state across T A ∼ 70 K. This scale T A is higher than |θ W |, and is too large to be attributed either to antiferromagnetic correlation or to single ion anisotropy of Ni 2+ that is found less than 0.1 K from the ESR experiment. We discuss that ferronematic correlation is a possible origin of the magnetic anisotropy.