The apartment is currently rented with an excellent tenant. The tenant renewed her lease for a third year, with a termination date of January 17, 2018. The tenant is paying $2,850 per month, and $100 per month for electric and gas. This investment property has a cap rate of 3.4%. 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 with 14 foot ceilings is located on the 21st floor with views of the Statue of Liberty, city and water. The west views can be seen from the two oversized windows. This apartment features a separate kitchen with 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 separate enclosed kitchen that is separated from the living quarters, and perfectly situated within the apartment. The Downtown Club has 421-G Tax Abatement which expires in December, 2020. This is an amazing benefit for the new owner. 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 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.