The cap rate is 3.95%. The landmarked Downtown Club condominium is the former home of The Downtown Athletic Club and the Heisman Trophy Award. The Downtown Club offers five-star amenities similar to a hotel. This loft-like studio is located on the 11th floor with views of the Statue of Liberty, city and water. The west views can be seen from the oversized window. This apartment features an open kitchen with an island with a black marble countertop, complementing the dark wooded kitchen cabinets. The kitchen is topped off with high-end stainless steel appliances. This is one of the few apartments in the DTC that has a kitchen island perfectly situated separating it from the living space. The Downtown Club has top notch amenities including: A 12,000 square foot high-end fitness center, spa, yoga studio, and steam room/sauna. There is also a media room, lounge, and two newly built workstations. In addition, there is a low key terrace off the gym located on the 6th floor which is perfect for relaxation, and there is the astonishing roof deck that provides you a 360 degree view of the Financial District. All these amenities are included in the monthly common charges. The Downtown Club has 421-G Tax Abatement which expires in December, 2020. This is an amazing benefit for the new owner. 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, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.