To date, more than 35% of the apartments have been sold,equating to 121 units at the 21-story landmark building. "We arethrilled that 25 Broad St. buyers can now begin to close on andmove into their new homes," notes Kent Swig, president of SwigEquities LLC in a prepared statement. "Sales have been brisk asbuyers have recognized the property's extraordinary value. Thebuilding's newly designed lobby, redeveloped outdoor garden andpublic spaces, and elegantly redesigned residences are thefoundations of an extraordinary, modern living experience withinone of the finest landmark properties anywhere in Manhattan."
The building was originally converted to residential use in 1997by the former owner. During the 1997 conversion, the building wasgut-renovated and state-of-the-art-building systems were installed.As part of the renovation, all major building systems werereplaced, including a new roof, new elevators, and a completeoverhaul of the HVAC system. "We believe The Exchange at 25 Broadis the ideal home for New Yorkers who desire the finest residencesin FiDi, the city's fastest-growing and wealthiest neighborhood,"Swig adds.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.