Membership to the Downtown Athletic Club was open to lawyers and executives only and the club was considered one of the most elite private sports facilities in New York. It housed a large gymnasium, tennis and squash courts and at one time even an indoor golf course. Out of state members could rent apartments on the uppermost floors during a stay in Manhattan.

The club shut down only in 2001, after September 11th. The building was subsequently acquired by the largest real estate developer in Manhattan's Downtown Area, The Moinian Group, and is now being offered for sale as exclusive condominium residences.

Since the building is a registered landmark, detailed renovation has lovingly restored the original glory of the Art Deco structure. Starrett & Van Vleck were the building's architects when it was erected between 1929 and 1930.

Mottled orange brick, laid in subtle patterns, was used to create visual interest on the facade. The irregular massing reflects the original configuration inside (exercise facilities, member's areas and a residential part on the uppermost floor). It should be mentioned, that a brick building provides for a much more pleasant living space than a modern steel and glass construction. This is due to the unique insulating property of brick; brick retains heat better than large glass or steel fronts and provides better protection from the cold and heat outside. Brick also enhances the comfort level of the atmosphere inside a building because of its ability to balance variations in humidity levels which is a major problem in New York City. Brick's mass also make it a very effective noise insulator.

Architecturally, the building design shows strong vertical lines done to convey the idea of speed - very fitting for a sports related building. Several setbacks provide outdoor space and all but the apartments on very low floors are open and bright.

There are 5 express elevators to provide speedy access to even the uppermost floors.