New York Residence Offers Apartments in Landmarked Skyscraper at Unmatched Prices

NEW YORK, Oct. 23 /PRNewswire/ -- New York Residence Inc. is pleased to announce the opening of the on-site sale and leasing center at The Downtown Club Condominium, a luxury residential property near New York's waterfront.

The prestigious 1930 Art Deco skyscraper on the Southern tip of Manhattan was the former home of the Downtown Athletic Club and the Heisman Trophy.

In 2006 it was converted into a luxury residential property featuring one of the largest private gyms in Manhattan.

"New York Residence worked closely with the Board of Directors of the Downtown Club Condominium to show its commitment to this landmarked property," said Ms. Alexis Gandelman, Senior Vice President of New York Residence.  The company has been successfully selling and renting condos in the Downtown Club since the conversion of the property.

The Downtown Club offers a rare combination of compact and affordable spaces with white glove service, including 24 hour doorman, residents' lounge, sun deck, valet and other hotel-style services which are appreciated by residents and investors alike. Many units feature breathtaking water views, high ceilings and unique floor plans. Four subway stations right next to the property bring the best of New York to resident's doorsteps in minutes - Times Square can be reached in just 14 minutes.

Ms. Gandelman points out that "no other property in Manhattan comes even close to matching the Downtown Club in terms of value and convenience."

Current offerings include a high floor studio with breathtaking city views for only $395,000 and a 3 bedroom apartment with water views at $1,490,000. Selected units start from only $800 per square foot, a price point that is virtually impossible to find in any quality Manhattan condominium. Rents begin at $2,100 and are in high demand.

The Downtown Club Sales and Leasing Office at 20 West Street is open 7 days a week and may be reached at 212-363-2020 or [email protected].

New York Residence Inc. www.newyorkresidence.com, is a New York based real estate brokerage firm that was formed in 2005. Specializing in residential, commercial, and investment property sales, the company has branch offices in Berlin, Dublin, Seoul and Shanghai. New York Residence's headquarters are on the 26th floor of the famed Paramount Building in the heart of Times Square.

SOURCE New York Residence Inc.

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