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The Setai Wall Street, the Financial District's Hottest Residence, Announces Record-Breaking Sales

"We are very pleased with the flurry of sales at The Setai Wall Street over the first quarter and even more excited that it occurred during traditionally quiet months," states Jacqueline Urgo, president of The Marketing Directors. "It speaks to the trend towards 'catered lifestyles' and consumer demand for a holistic approach to living. This all-inclusive luxury condominium perfectly satisfies this trend and the demand for The Setai Wall Street proves it."

Located at 40 Broad Street just steps from the New York Stock Exchange, The Setai Wall Street is an impressive collection of luxury condominiums ideally situated in the heart of the new Downtown with stunning city and water views. Developed by an affiliate of Zamir Equities and recipient of the Best Re-Development Award in the U.S. as presented by the American Property Awards in association with The New York Times in 2008, the 34-story condominium includes 159 studio, one-, two-, three-bedroom and penthouse residences, ranging from 570 to 3,424 square feet and priced from approximately $730,000 to $4.95 million.

The record-breaking sales during Q1 2010 represent yet another impressive achievement for The Setai Wall Street. The Setai Residences has already set records with the sale of the coveted top-floor penthouse for $7.82 million, making it the most expensive sale for a single residence in the Financial District.

"The Setai Wall Street marks a milestone in the evolving legacy of the Financial District," says Mr. Asher Zamir, President and CEO of Zamir Equities. "We have built a residential environment that is without equal and that is specially designed for those that live, work and play on Wall Street and the surrounding neighborhood. New York's fast-paced, urban lifestyle immediately fades as soon as one sets foot inside The Setai Wall Street. Whether it's fine dining, spa, fitness or entertaining, The Setai Wall Street residences provide a host of world-class offerings."

The Financial District's newest icon offers residents, club members and guests unparalleled amenities, tailored services and exclusive access to create experiences that transcend the everyday. The Setai Wall Street is an intimate haven for the world's most accomplished individuals, seamlessly integrating a level of sophistication and style unlike any other property in lower Manhattan.

The Setai Wall Street boasts more than 42,000 square feet of unique amenity space designed by Robert D. Henry Architects in conjunction with American Leisure that eclipses any other residential property in Manhattan, creating a tranquil retreat and experiential destination. Residents and Setai Club members enjoy preferred access to the luxurious Setai Spa, the fully equipped Setai Fitness Studio and a premiere luxury concierge team. All of these amenities are beautifully complemented by the SHO Shaun Hergatt restaurant. Since opening to the public, SHO Shaun Hergatt has received a Michelin star for its masterfully executed, Asian accented French cuisine and has become a destination for power breakfasts, executive lunches, exquisite dinners and A-list private parties.

For more information, visit www.setainy.com.

About The Marketing Directors

The Marketing Directors is a full service marketing and sales/rental organization specializing in new homes and recognized as a national leader in high density residential development serving many of the industry's most prominent developers across the United States and Canada since 1980. The company is led by founder Adrienne Albert, who was inducted into the National Sales and Marketing Council of the National Association of Home Builders (NAHB) Hall of Fame as a Legend of Residential Marketing in 2009 -- the first woman to be inducted into the "Hall" in its 16-year history. David Tufts leads The Marketing Directors, SE formed in 2007. Jacqueline Urgo leads the NE operation. The Marketing Directors presently represents condominium and rental developers in markets such as New York, New Jersey, Connecticut, Georgia, Florida, Alabama, North Carolina and Mexico. For more information, call 212-826-8822 or visit www.themarketingdirectorsinc.com.

About Zamir Equities

Zamir Equities operates an active real estate business with ownership interests in several properties in New York City, North America and overseas. It has interest in numerous commercial and residential properties and has recently purchased several premier properties in Manhattan. A family owned and controlled entity with decades of experience in the real estate business, the primary proponent of the firm is Mr. Asher Roshan Zamir, who has been involved in the conversion of office properties into residential buildings, as well as the purchase of several commercial office and retail buildings in Manhattan. www.zamirequities.com

Evins Communications, Ltd.
Andrea Cohen, 212-377-3572
Senior Account Executive
Andrea.cohen@evins.com