New York Real Estate Report

New York Real Estate Report

New York Residence (, a leading residential and commercial real estate brokerage firm based in New York City, with three international offices, is the only onsite real estate brokerage firm at The Downtown Club (DTC), a five-star luxury condominium. NYR has been the most successful resale broker over the past several years, representing numerous buyers and sellers of apartments at The Downtown Club. Located on the southern tip of Manhattan, in the former iconic Downtown Athletic Club and former home of the award ceremony for the Heisman Trophy, at 20 West Street, this property features 45 floors, 283 apartments, many of which have unobstructed views of the Statue of Liberty, Hudson River, and New York City.

The Downtown Club offers a 24-hour doorman and a 12,000 square foot amenity space including a fitness center with an adjoining sundeck, spa, yoga studio, steam rooms, movie room, lounge with Wi-Fi, and an ATM. In addition, the DTC has an astonishing rooftop deck with unobstructed water and city views, stretching to the George Washington Bridge and New Jersey.

“A registered landmark, fully renovated in 2005, this building pairs Art Deco design with all of the modern luxuries today’s buyers are seeking,” said Aurora Azar, Licensed Associate Broker of New York Residence. “Almost every unit has a unique floorplan and speaks to the historic nature of the building.”

Located in the Financial District, the fastest growing residential area in Manhattan, The Downtown Club is accessible by three major subway lines within a short walking distance. The DTC is just minutes from popular hot spots such as the historic Stone Street and the South Street Seaport.

“As the popularity of the Financial District continues to grow, The Downtown Club is perfect for buyers looking to add a property to their portfolio. With access to the waterfront and nearby parks, the neighborhood offers a high quality of urban living unique to lower Manhattan,” said Thomas Guss, President of New York Residence.

Both the location and the building exemplify attributes that will attract local and international investors alike as the building offers competitive resale pricing, low common charges, and the option to rent apartments for short periods of time, in accordance with the condominium by-laws, to generate additional income.

“It is likely that the value of the apartments will continue to increase as landmark residential properties in this area are rare. Many downtown projects, including the new World Trade Center, are complete or nearing completion, contributing to the economic growth of the area,” added Mr. Guss.

About New York Residence:
New York Residence has ranked within the top five of Manhattan boutique real estate firms for the past three years, 2014-2016. In addition, New York Residence was ranked number 20 in closed transactions amongst all firm sizes.

New York Residence’ seasoned brokers speak a total of 20 languages, and are well-educated in all aspects of the real estate market. New York Residence has access to all residential, mixed use, and commercial listings in New York.

New York Residence is a real estate brokerage firm specializing in residential, commercial, and investment property sales and rentals to domestic and international buyers. It maintains three offices in New York, with international offices located in Korea, Seoul, and Shanghai. New York Residence’ corporate headquarters is located at 1501 Broadway, 26th floor, in the iconic Paramount Building in the heart of Times Square.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.