Greenwich Club

88 Greenwich Street is an Art Deco style located on the south side of Rector Street in the Financial District of Manhattan in New York City. Currently nicknamed the Greenwich Club Residences, the 37-story tower was previously known to New Yorkers as simply 19 Rector (its basement used to have an entrance to the New York City Subway's Rector Street station).

It was built between Greenwich and Washington Streets at a time when Art Deco flourished in New York City during the 1920s and 1930s. This style of architecture — epitomized by the Empire State and Chrysler buildings — largely disappeared after World War II.

88 Greenwich was designed by Lafayette A. Goldstone and Alexander Zamshnick. It opened in 1931. Over 70 years later, it was added to the National Register of Historic Places. The building was renovated into residential condominium use in 2006. In 2012, it was severely flooded by salt water from Hurricane Sandy and forced to close due to significant damage. During the flooding, water dislodged an oil tank, which cracked after hitting a ceiling beam.

That wasn’t enough to scare off some big-name investors. Just two years later, Joseph Sitt’s Thor Equities took over the $25 million commercial condominium in the building by buying the remaining 50 percent stake from Andrew Heiberger’s Buttonwood Development for about $12.5 million.

The two firms had acquired the property in a joint venture back in 2005. Heiberger and Sitt are partners in Town Residential (h/t The Real Deal).

Below the Greenwich Club Residences are the 9/11 Memorial and various food-and-beverage occupants.

88 Greenwich currently boasts a business center — ideal for the Financial District professional who works from home — a modern gym and yoga facility, plus multi-floor laundry services, a package room, cold storage, live-in super, billiards lounge, bike room, doorman and landscaped Sky Deck.

It’s also located right off the Greenwich St./Rector 1 stop and just a short walk to the 2, 3, 4, 5, A, C, E, J and Z trains. For families with kids, it’s close to Ps94 on Battery Place, as well as The Lang School at 26 Broadway, which offers ‘2e’ students in grades K through 12.