"Swig is seeking to transform the 58-storey Sheffield, a large utilitarian collection of studio- and one-bed rentals into Sheffield57, a 600-unit luxury condo worthy of nouveau white-glove neighbours surrounding Columbus Circle, such as the Time Warner Residences and 15 Central Park West, " said Matt English, managing director of Christies Estates, which is exclusively presenting a range of studios, two- and three-bed condominiums to the Irish market.

"This is an excellent opportunity for Irish investors to acquire prime New York real estate at a time when the dollar has plummeted to a 35-year low against the British pound and in recent weeks it has been trading at $1.36 to the euro, " said English.

Located near Central Park at Columbus Circle, Sheffield57 contains properties ranging from studios of almost 600sq ft all the way up to larger four-bed apartments comprising over 2,000sq ft.

The building's features also include a landscaped sculpture garden, a private-entry drive, wiring for wi-fi internet, pet spa, an array of fitness facilities, an open-air pool, a poolside sun terrace, a private concierge, a screening room, a children's play area, a private residents' restaurant and lounge and Club 57 on 57th floor.

At current exchange rates, some of the units in Sheffield57 are priced at under 600,000.

For further information contact Christies Estates, 01667 0099; sales@christiesestates. com.