The Setai, New York Announces Record-Breaking Sale of Top-Floor Penthouse

Wall Street-Based Brokerage Firm, Platinum Properties, Negotiates $7.82
Million Deal

NEW YORK, Sept. 29 /PRNewswire/ -- The Setai Group and New York-based
developer Zamir Equities (http://zamirequities.com/background.asp) with the
Marketing Directors, Inc., the exclusive marketing and sales agent of The
Setai, New York (http://www.setainy.com/), along with Platinum Properties, are
pleased to announce the record-breaking sale of $7.82 million for its
top-floor penthouse -- making it the most expensive sale for a single unit in
the Financial District
(http://en.wikipedia.org/wiki/Financial_District,_Manhattan).

"Our residents will experience a Zen-like oasis lifestyle, where everything
will be available and all things are possible," said Asher Zamir, principal of
Zamir Equities, LLC (http://zamirequities.com/background.asp). "The Setai,
New York is there to deliver your dreams, desires and demands. We're amazed
and extremely pleased with the great response on sales from buyers around the
world."

According to Wall Street-based (http://en.wikipedia.org/wiki/Wall_Street)
residential brokerage firm Platinum Properties, which negotiated the
transaction, the buyer purchased a 3,424-square-foot three-bedroom,
three-and-a-half bath penthouse. The residence features two walk-in closets,
a two-sided fireplace, and many customized features, including the
installation of a NanaWall (a retractable wall of glass windows), elegant
Basaltina stone flooring, private sauna room with Jacuzzi, wet bar, Gaggenau
wine case, an accent lighting package, electronic metal blinds and a deluxe
A/V package, which includes six LCD TV's with Blue-Ray disc players and
surround sound system.

"Our buyer was looking for a high-end residential building situated in one of
the City's hottest neighborhoods that offered him everything imaginable," said
Philip Askeroth of Platinum Properties, who brokered the deal along with
Platinum's President and CEO Khashy Eyn. "Given The Setai's amazing design,
amenities, and sumptuous layouts, it comes as no surprise that the sale of its
top-floor penthouse broke downtown's record."

Located at 40 Broad Street in the heart of the Financial District, the
34-story condominium will include 167 studio-, one-, two-, three-bedroom and
penthouse residences, ranging in size from 475 to 3,424 square feet and priced
from approximately $815,000 to $7.87 million. Residences designed by
world-acclaimed architect Jean-Michel Gathy of Denniston International, Kuala
Lumpur, Malaysia, will be ready for occupancy this winter. Avinash K.
Malhotra (http://www.akmarch.com/) Architects is the project architect of the
Setai, New York.

The Setai, New York will boast over 44,000 square feet of amenity space,
designed by Robert D. Henry Architects, LLC (http://www.rdh-architects.com/),
including a members-only Setai Club and Setai Spa featuring Daniela Steiner;
along with the restaurant SHO Shaun Hergatt, which is open to the public; a
private dining room and wine cellar; state-of-the-art health club and
concierge service. Other amenities include the "Aarias" rooftop lounge and
library, a private state-of-the-art resident's gym and social lounge, and a
24-hour attended lobby.

For more information or to make an appointment to visit the on-site sales
office, please call: 212.968.8880 or visit www.SetaiNY.com.

SOURCE The Setai Group

Christina Sardinas of Rubenstein Associates, Inc. - Public Relations,
+1-212-843-8269, csardinas@rubenstein.com