As residential conversions are being discussed and enacted all over New York City, the Financial District is often cited as a success story for the residential conversions that took place in the years following the 9/11 attacks. The Downtown Club at 20 West Street was an early entrant, having been converted from an athletic club to a condominium in 2006.
The Art Deco building was designed by Starrett & Van Vleck, the team behind iconic department stores Lord & Taylor and Saks Fifth Avenue, and constructed as the clubhouse for the Downtown Athletic Club. It featured an Olympic-sized swimming pool, bowling alleys, basketball, squash, and handball courts, and private hotel rooms on top. The Downtown Athletic Club famously issued the Heisman Trophy for excellence in college football, and the presentation took place in the building for many years. The building was declared a New York City Landmark in 2000.
The Art Deco building was designed by Starrett & Van Vleck, the team behind iconic department stores Lord & Taylor and Saks Fifth Avenue, and constructed as the clubhouse for the Downtown Athletic Club. It featured an Olympic-sized swimming pool, bowling alleys, basketball, squash, and handball courts, and private hotel rooms on top. The Downtown Athletic Club famously issued the Heisman Trophy for excellence in college football, and the presentation took place in the building for many years. The building was declared a New York City Landmark in 2000.
20 West Street was restored to its original glory amidst the residential conversion. It still counts a gym among its amenities, and additional offerings include a spa area, media room, and roof terrace. The surrounding area has also gotten a boost in recent years between newly opened restaurants, the Financial District's first Whole Foods opening up the street at One Wall Street, and the South Battery Park City Resiliency Project.
However, the conversion resulted in some awkwardly shaped apartments with unusual floor plans and limited light. Six units in the building were among nearly 400 listings that experienced price reductions from June 17-23, 2025.
However, the conversion resulted in some awkwardly shaped apartments with unusual floor plans and limited light. Six units in the building were among nearly 400 listings that experienced price reductions from June 17-23, 2025.
In this article:
-23.2% | -$151,000
Downtown Club, #5C
$499,000
Financial District | Condominium | Studio, 1 Bath | 924 ft2
Downtown Club, #5C (Weichert Properties)
Last week's price cuts also included a Soho loft featured the film adaptation of The Devil Wears Prada. A pivotal scene in the movie played out there, but the apartment at 56 Crosby Street has an impressive history off-screen as well as on. Appropriately enough for a film set in the fashion world, the building got its start as a department store. It then spent several decades as a storage warehouse before it was converted to condos in 1999.
Residence #3A's first owners were the founders of concept design store The Apartment, and opted to customize many details of their new home. Features like a masonry encasing for the fireplace, a rounded baseboard for displaying art, and free-floating bookcases took shape among original details like brick walls, Corinthian columns, soaring ceilings, and oversized windows. The condo was listed for $8.95 million in March 2025, and a price reduction brings it down to $7.95 million.
Residence #3A's first owners were the founders of concept design store The Apartment, and opted to customize many details of their new home. Features like a masonry encasing for the fireplace, a rounded baseboard for displaying art, and free-floating bookcases took shape among original details like brick walls, Corinthian columns, soaring ceilings, and oversized windows. The condo was listed for $8.95 million in March 2025, and a price reduction brings it down to $7.95 million.
-11.2% | -$1,000,000
56 Crosby Street, #3A
$7,950,000
SoHo | Condominium | 2 Bedrooms, 2.5 Baths | 3,614 ft2
56 Crosby Street, #3A (Brown Harris Stevens Residential Sales LLC)
Notable listings may be found below, along with a full chart of last week's reductions. Please be advised that all quoted figures reflect cumulative price cuts as opposed to the most recent reductions.
Select Listings with Price Improvements
-23.3% | -$6,050,000
535 West End Avenue, #PH
$19,950,000
Riverside Dr./West End Ave. | Condominium | 6+ Bedrooms, 6+ Baths | 6,500 ft2
535 West End Avenue, #PH (Douglas Elliman Real Estate)
-17.5% | -$3,500,000
20 West 12th Street, #TH
$16,500,000
Greenwich Village | Townhouse | 6+ Bedrooms, 6+ Baths | 9,300 ft2
20 West 12th Street, #TH (Brown Harris Stevens Residential Sales LLC)
-14.6% | -$1,450,000
125 West 15th Street, #TH
$8,500,000
Chelsea | Townhouse | 5 Bedrooms, 4 Baths | 4,552 ft2
125 West 15th Street, #TH (Compass)
-22.2% | -$2,000,000
167 State Street, #TH
$6,995,000
Brooklyn Heights | Townhouse | 6+ Bedrooms, 4.5 Baths | 4,910 ft2
167 State Street, #TH (Corcoran Group)
-21.3% | -$1,600,000
The Century, #9MK
$5,900,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,928 ft2
The Century, #9MK (Brown Harris Stevens Residential Sales LLC)
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-21.3% | -$1,445,000
The Apthorp, #6A
$5,350,000
Riverside Dr./West End Ave. | Condominium | 3 Bedrooms, 2.5 Baths | 2,376 ft2
The Apthorp, #6A (Douglas Elliman Real Estate)
-9.2% | -$505,000
The Eldorado, #12G2
$4,995,000
Central Park West | Cooperative | 2 Bedrooms, 2 Baths
The Eldorado, #12G2 (Douglas Elliman Real Estate)
-17% | -$950,000
176 Duane Street, #4
$4,650,000
Tribeca | Condominium | 2 Bedrooms, 2 Baths | 2,336 ft2
176 Duane Street, #4 (Douglas Elliman Real Estate)
-27.2% | -$1,495,000
The Plaza, #1807
$3,995,000
Midtown West | Condominium | 1 Bedroom, 1.5 Baths | 1,390 ft2
The Plaza, #1807 (Corcoran Group)
-20% | -$1,000,000
279 Central Park West, #5B
$3,990,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,215 ft2
279 Central Park West, #5B (Brown Harris Stevens Residential Sales LLC)
-25.1% | -$1,260,000
77 Greenwich Street, #31A
$3,765,000
Financial District | Condominium | 3 Bedrooms, 3.5 Baths | 1,983 ft2
77 Greenwich Street, #31A (Christies International Real Estate Group LLC)
-12.5% | -$500,000
212W93, #5B
$3,495,000
Broadway Corridor | Condominium | 4 Bedrooms, 3 Baths | 2,048 ft2
212W93, #5B (Douglas Elliman Real Estate)
-15.6% | -$500,000
481 West 145th Street, #TH
$2,699,999
Hamilton Heights | Townhouse | 4 Bedrooms, 3.5 Baths | 3,666 ft2
481 West 145th Street, #TH (Serhant)
-11.6% | -$355,000
14 West 87th Street, #6
$2,695,000
Central Park West | Cooperative | 4 Bedrooms, 3 Baths | 1,700 ft2
14 West 87th Street, #6 (Hauseit LLC)
-28.5% | -$955,000
The Ardsley, #2I
$2,395,000
Central Park West | Cooperative | 5 Bedrooms, 4.5 Baths | 3,150 ft2
The Ardsley, #2I (Douglas Elliman Real Estate)
-19.6% | -$550,000
150 East 93rd Street, #PHE
$2,250,000
Carnegie Hill | Cooperative | 4 Bedrooms, 3 Baths
150 East 93rd Street, #PHE (Douglas Elliman Real Estate)
-15.9% | -$350,000
610 West 110th Street, #5C
$1,850,000
Riverside Dr./West End Ave. | Condominium | 2 Bedrooms, 2 Baths | 1,477 ft2
610 West 110th Street, #5C (Compass)
-5.6% | -$100,000
Lofts on Lex, #D1
$1,700,000
Clinton Hill | Condominium | 3 Bedrooms, 2.5 Baths | 2,525 ft2
Lofts on Lex, #D1 (Compass)
-23.1% | -$390,000
Atrium at Chelsea, #14A
$1,295,000
Chelsea | Condominium | 2 Bedrooms, 2 Baths | 965 ft2
Atrium at Chelsea, #14A (Corcoran Group)
-34.6% | -$450,000
Carlton Regency South, #2/C
$849,000
Murray Hill | Cooperative | 2 Bedrooms, 1 Bath
Carlton Regency South, #2/C (Corcoran Group)
-17.4% | -$155,000
1388 Lexington Avenue, #2R
$735,000
Carnegie Hill | Cooperative | Studio, 1 Bath
1388 Lexington Avenue, #2R (The Agency Brokerage)
-14.7% | -$125,000
The Remsen, #9C
$725,000
Brooklyn Heights | Cooperative | 1 Bedroom, 1 Bath
The Remsen, #9C (Compass)
-12.5% | -$50,000
Castle Village, #95
$349,000
Washington Heights | Cooperative | Studio, 1 Bath
Castle Village, #95 (Corcoran Group)
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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