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The 37-story, Art-Deco story skyscraper at 88 Greenwich Street will be converted from a rental to a condominium apartment building by Thorwood Real Estate, which recently bought it for $195 million from World-Wide Holdings.

The beige-brick building, which is also known as 19 Rector Street, is a few blocks north of Battery Park and a few blocks south of the former World Trade Center site.

Worldwide had converted it to a rental from an office building several years ago.

It has 458 apartments. Many apartments have 10-foot-high ceilings and walk-in closets. The building has a "sky lounge" for residents with pool tables, a fitness center, central air-conditioning, laundries on every floor, and a 24-hour attended lobby.

It was erected in 1930 and was designed by Lafayette A. Goldstone. The tower has several setbacks that are highlight by green, yellow, brown and beige terra cotta patterns and bands of red brick also are used to visually modulate the facades.
Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.