$689,000
Updated 9 years ago
Off Market

The Downtown Club

20 West Street, 4-B

Financial District, Manhattan | Battery Place & Morris Street

Loft 1 Bath618 Square FeetCondo

$689,000
Common Charges$756
RE Taxes$335
Price Per SF
$1,115

Listing Features

  • High Ceilings
  • Gourmet Kitchen
  • S Steel Appliances
  • Marble Bathroom

Outdoor space and views

  • West Exposure

Building Amenities

  • Full Service
  • Bike Storage
  • Billiards Room
  • Business Center
  • Elevator
  • Garden
  • Health Club
  • Housekeeping
  • Laundry Room
  • Resident Lounge
  • Roof Deck
  • Sauna
  • Screening Room
  • Spa Services
  • Steam Room
  • Storage
  • Valet Service
  • WiFi

Policies

  • Pets Allowed
  • Pieds A Terre Ok

Property Description for 20 West Street, 4-B

This amazing and large apartment is located in one of Downtown’s most beautiful Landmark buildings and currently available with a 421G Tax Abatement!

The luxury property has been priced very well, at under $1,115 per square foot. At this price you can easily reach a sought after cap rate of over 3%.

With unfurnished rent between $2,800 - $2,900 and furnished rent of up to $3,300 - $3,400 this opportunity is equally wonderful for someone looking to reside in the very desirable Financial District or for an investor looking for rapidly appreciating and high yielding Real Estate.

This apartment is housed in the historic Downtown Club Condominium and gives you the flexibility to offer short or long term leases.

When entering the apartment you can immediately see how large and airy it is, features high ceilings, hard wood floors, marble bath, separate gourmet kitchen, stainless steel appliances, wood cabinetry, granite countertops, large closets and west facing gorgeous sunsets.

The Downtown Club is a full service condominium with amenities that include a full-time doorman, concierge, residents lounge with free WiFi, complimentary 12,000 sq ft health club, steam and spa treatment rooms, private theatre, onsite laundry facilities, a landscaped sun deck and NEW roof deck.

This apartment has it all; steps from the subway (red, yellow and green lines are within a 1-block radius), Wall Street, World Financial Center, NYSE, World Trade Center, Battery Park, Whole Foods, world-class restaurants and everything else your heart desires.

Don’t miss this opportunity to invest in the area while it’s still affordable! The building is investor-friendly, welcomes pets, and offers below-market real estate taxes due to a 421G tax abatement.

Listing History for 20 West Street, 4-B

Now
07/06/2017
POM by Leonardo Zavala
New York Residence
02/15/2017
$689,000 [-$9,000] [1.3%]
Price Drop by Leonardo Zavala
New York Residence

Building Details for 20 West Street

OwnershipCondo
Building TypeLoft
Service LevelFull Service
AgePre-War
AccessElevator
Year Built1930
Financing Allowed90%
Floors/Apts45/279
Learn More About the Building

Transit and Citi Bike

Subway

Bowling Green
0.13 miles
Rector St
0.15 miles
Rector St
0.16 miles
Wall St
0.24 miles
Broad St
0.26 miles

Citi Bike

Little West St & 1 Pl
0.05 miles
Broadway & Morris St
0.14 miles

Contact Agents

Contact Agents

Leonardo Zavala
New York Residence
Sandy Rubin
New York Residence

Financial District | Manhattan

Quick Profile

The Financial District (FiDi) today is a bit of a hybrid neighborhood, as the residential component continues to grow in an area that has been historically dominated by the financial and insurance industries. The residential experiment, which began more than two decades ago, continues to evolve in an area with a large concentration of older, large office buildings. Developers have taken to these aged buildings and have re-positioned them as residential properties. In turn, the public spaces, services and retail establishments needed for a thriving residential neighborhood have followed making this an important destination for city residents.

Since 2000, the residential population of the Financial District has nearly tripled in size from about 23,000 residents to more than 60,000 inhabitants. Many of the residential pioneers to FiDi were people attracted to the lower rents in the neighborhood, particularly the post-collegiate crowd. While the millennials still maintain a large footprint here, there are plenty of families that now consider the Wall Street area home. 

Many of those that live in the Financial District walk to work. If you reside here and need to commute elsewhere, the transportation from here is about as good as it gets. Express trains can take you to Midtown, either east or west, in twenty minutes. Brooklyn is but a single subway stop away. There are also ferries across to Brooklyn, Queens and Staten Island.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 1551756