Setai New York Condos - Real Estate

Kitchen
Contemporary open kitchens with black granite countertops and backsplashes and custom cabinetry create a stunning design statement. Each kitchen is fitted with a premium appliance package inclusive of a Sub-Zero refrigerator and freezer with
integrated paneling, a Miele oven, cook top and dishwasher.

Bathroom
Kohler soaking tub, lavatories and water closets feature fashionable Kohler fixtures in polished chrome, creating a luxurious, soothing retreat. Hand crafted tub decks and vanities of rich Brazilian Walnut, Luxor Stone Wall Tiles, ceiling high mirrors, and floors of Basaltito black granite flooring complete a vision of personal pampering and indulgence.

Aarais Rooftop
Exclusive to Setai Residences is Aarias, the spectacular rooftop lounge is an incomparable venue that can be experienced inside the beautifully furnished lounge which features floor-to-ceiling glass with 15' high opening glass doors and a log burning fireplace. Travel outside for breathtaking water and city views and relax amongst the lush groves of tropical bamboo, oversized daybeds, and gas fired grills.

Living Area
Studio, one- and two-bedroom residences at The Setai, New York offer an impressive list of features and finishes, with rich and exotic materials crafted into every home. Ten foot ceiling heights add to the drama of floor-to-ceiling windows. Each home features rich Brazilian Walnut floors with Basaltito black granite border, a Bosch washer/dryer and state-of-the-art telecommunications capabilities, with multimedia ports in every room.

Views
Gaze at the urban views provided by the expansive glass windows that distinguish almost every home.

The Setai Club Amenities
Interiors are designed to relax and renew. The Setai residents have access to the exclusive Setai Club which includes use of private Setai Club Lounge,
Private Theatre, Library, state of the art Business Center, Private Dining Salons, Conference Rooms and exceptional Setai Wine Cellar.

Setai Spa
Drawing upon ancient Sanskrit traditions of natural healing, The Setai, New York Spa devotes extraordinary space to your fitness, comfort and well-being.

Setai Restaurant
On the club level, downtown's most exclusive new restaurant offers you the luxury of fine dining, catering and room service without leaving your home.

Fitness Center
On the club level, downtown's most exclusive new restaurant offers you the luxury of fine dining, catering and room service without leaving your home.

Services
Also exclusive to residents will be a world-class concierge service, personal car parking, specialized catering and private Butler service. Residents will
rest easy with the security of a 24 Hour Attended Lobby.

-Setai Club Membership
-Attended Lobby
-Fitness Center
-Doorman
-Concierge
-Business Centre
-24 Hour Emargency Service
-Personal Fitness Trainer
-Maid Service
-Room Service
-In Room Spa Service
-Club Reception
-Library
-Lounge
-Restaurant
-Private Dining Rooms
-Wine Cellar
-Conference Rooms
-Gymnasium And Yoga Room
-Steam Rooms
-Social Sauna
-Watsu Baths
-Treatment Rooms
-His/Her Locker Rooms
-Residents Lounge, Aarais Lounge
-Room Terrace, Grill Station, Sundeck
-Outdoor Hot/Cold Tub And Jacuzzi
-Butler Service

28 stories bldg
Built in 1986

2 first floors – retail stores
1st floor – jewelry store like Cartier or Tiffany’s
2nd floor – 5 stars restaurant, library....

Clear view only from the 23rd floor up

1. When are contracts expected to be issued?   We  started signing contracts in December of 2006

2. What rescission period do you afford buyers and when does the time begin to elapse?
 There is a seven day attorney review process that commences upon delivery of fully executed purchase agreement or after the purchaser has had three business days to review the offering plan.

4. Is this a condo hotel? No, This is a condo conversion with no hotel component. The owner is free to rent his condo for no less than one year.

5. How much is needed for the first deposit and when?
 There is a 10 percent initial investment at signing of the purchase agreement.

6. How much do I need for the second deposit and when?
 There is a 5% second deposit when there offering plan is declared effective or six months after signing whichever comes first. There will be two weeks written notice.

7. Will there be a third deposit and if so what will it be? The remainder at closing.  

8. Will the deposits be held by the developer in an interest or non interest bearing escrow account? If yes, what is the interest rate? The deposits will be held in an interest bearing attorney escrow account at the market rate to be determined at that time.

9. Is there an escrow agent holding the deposits? If yes who is the escrow agent? If no, who will be holding the escrow? The sellers attorney will hold the escrow at Citibank.

10. If the developer goes bankrupt, how is a buyer insured to receive their deposit back?  The money is held in a secure attorney escrow account.

11. May purchaser buy a unit under a corporate name? Yes the buyer may be a Corporation or LLP.

12. Are pets allowed?
  Yes, the condo is pet friendly.

13. How many buildings are  part of the project? 
  one

14. How many stories will the buildings be?
  Thirty three

19. How many units will there be in each building?
  167

20. How many units per floor?
  Seven or eight depending on the floor.

21. What will the monthly maintenance fee per sq. foot basis be? 
  $1.20

22. What is the range price per sq. foot in building? (Lowest to Highest)
  $1050 to $1600

23. What amenities will the building have?
  There will be forty two thousand square feet of amenities: there will  be a parking garage, a five star restaurant with lounge, a wine tasting room, double height library, business centers, spa, whirlpools, steam rooms, relaxation lounge, treatment rooms for facials and massage, fitness center and yoga studio, rooftop indoor/ outdoor lounge with library and fireplace and much more

24. When do you expect construction to start on the project?
  It has already begun.

25. When do you expect construction for the project to be completed?
  Late fall of ’07, spring of ‘08

27. What percentage of the overall inventory does the developer have to sell before re-sales can begin? 
    The buyer can sell after he or she closes on the purchase.

28. Who is the Developer? What other project/s have they developed? What is their Web Site?
  The developer and has an interest in 15 Commercial and residential properties.  Zamir  recently purchased five premier office properties in Manhattan. The first acquisition was 587 Fifth Avenue, 44 Wall St, 132 west 31st street, 80 Broad Street and 5 Hanover square. The web address is Zamirequities.com.

29. Who is the Architect?
      The architect is Avinash K. Malhoutra Architects
30. Who is the General Contractor? 
      Newmark Construction

31. What other projects are being built in the area?
       20 Pine Street, William Beaver House,  55 Wall Street

32. How does the Setai project compare to the competition on price per sq. foot basis?
     We are very competitive because we have more amenities and are much lower dollars per square foot.

33. What other civic and cultural developments are taking place in the neighborhood?  
     Too many to list, but it is Manhattan after all.

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