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The Exchange (CLOSED)

at the Setai New York
  • $$$$$
    RatingAvg. Dinner Entrée
    $$$$$Greater than $25
    $$$$$18.01 - $25
    $$$$12.01 - $18
    $$$7.01 - $12
    $Less than $7
  • Asian Fusion, French, Eclectic & International, Cocktails
  • 40 Broad St 2nd Fl, New York NY10004 40.706214 -74.011116
  • (At Exchange Pl)
  • click map to interact
  • (212) 809-3993
  • 0

User Ratings (Based on 18 reviews)

4.135
Food 4.4 Value 3.9
Service 4.1 Atmosphere 4.2

Other Restaurant Info

Phone:
work
(212) 809-3993
Website:
www.setaiclubnewyork.com
Notes:
Visa, MC, AmEx
Hours:
Lunch Mon-Fri: 12pm-2pm Dinner Mon-Sat: 5:30pm-10pm
Serves:
Lunch, Dinner
Features:
Prix Fixe, Happy Hour, Wheelchair Friendly, Accepts Credit Cards, Lunch Special, Private Parties

User Reviews

  • The Exchange

    Posted by Pistol on 03/01/2012

    Best in NYC

    Wow! This was a terrific experience. My wife and I asked for a special menu due to dietary restrictions and they could not have been more accommodating. Nathan was there to answer any and all questions. We had a tasting menu put together by chef Shaun. All the choices were stunning. We have been to many of the best in NYC (Per Se, Daniel, Le Bernardin, Jean Georges & EMP). I must say that this was in the running for my best overall experience. We sat right by the kitchen near the glass to get a view of the action. It really was a SHO! Chef also took us on a tour of the kitchen and was very personable and answered all of our questions. I think SHO Shaun Hergatt has a bright future and can expect a 3rd star in short order. Kudos

  • The Exchange

    Posted by reinerlaw on 02/14/2012

    Celebratory dinner

    We very much enjoyed a recent birthday dinner at this reliably excellent outpost in FiDi, which we have visited regularly for midday meals as well as for dinners. This time, we were offered the restaurant week menu first but opted for the prix fixe five course tasting,, fairly priced in these days of high ingredient cost and taking into account the complimentary two extra starters; generous post-dessert chocolate truffles and other sweet trifles; and special birthday edible for the birthday boy: an alert response to our conversation overheard by one of our servers. The execution was generally top-flight . Only the blue cheese dessert missed the mark slightly (or were we already sated?). Was the meal caloric? Certainly, as is appropriate for the midst of winter -- well worth straying from our diets for. We were delighted with the very reasonably priced wine we chose with the help of the sommelier, who exemplified the formal yet friendly and efficient service. The chef stopped by to say that he is enjoying planning his spring menu. We can hardly wait!

  • The Exchange

    Posted by anonymous on 12/14/2011

    Not recommended

    Went for lunch and would not return. We arrived for our noon reservation, and as noon passed, they weren't ready to seat anyone. A bunch of people were milling around waiting. Then, when we were seated they just brought the prix fixe menu--not the other offerings. I guess no one wants to order beyond the cheap ($28 for 2 courses) deal of the day. The food was decent, but they moved us so fast that we were done the appetizer and the main dish in about 30 minutes flat. I found the bum's rush to be rude and unnecessary. Even with the low prices, the place was half empty. There was also a fairly snooty tone to some of the wait staff. In a city filled with excellent places, why bother with this.

  • The Exchange

    Posted by reinerlaw on 10/19/2011

    Michelin starred bargain

    After hosting another lunch with clients at SHO yesterday, one wonders why a sophisticated eating public does not overwhelm this treasure. The three- course prix fixe lunch could hardly have been improved. The poached organic egg starter surrounded by small accoutrements, followed by a main of fork tender organic chicken breast, presented as two slow cooked cylinders of tender meat wrapped in parchment thin rendered skin, accompanied by a small pile of wild mushrooms, frothy, tasty (slightly too salty?) gravy and creamy mashed potatoes. A fine chocolate mousse/ice cream + freebies and the best expresso ever brought the curtain down. $33 before sparkling water and coffee! Formal but unstuffy ambiance were also perfection. C'mon down, folks, to the best kept secret in FiDi: three Michelin-starred courses for the price of a single unstarred plate midtown.

  • The Exchange

    Posted by reinerlaw on 09/17/2011

    Revisiting this FiDi Treasure

    A lunch and a dinner this week prove that Chef Hergatt continues to maintain the highest standards. In spite of our ordering neither wine nor sparkling water, he comped us with sips of heavenly chilled cream of pea soup; crunchy bites of of potato(?) encrusted foie gras pate; later, a generous plate of creamy corn chowder and, still later, a small plate of petit fours. Of the apps, the best was the cold "salt cooked" sea trout: a generous, cool, briny, cylinder of alternating discs of tender, mildly cured fish, tiny orbs of red caviar bursting with flavor, and paper-thin glassy disks of slightly crunchy material, the source of which I couldn't place. Of the mains, the small cylinders of veal and lamb could not have been improved. We believe that fish is at its best when steamed and should not have been disappointed when the "crispy" branzino triangles, otherwise acceptable, arrived having been lightly pan fried. We barely had room but polished off the house-made finely crafted milk chocolate/ ice cream desserts. Service was unobtrusive and professional. We look forward to returning very soon.

  • The Exchange

    Posted by corming on 06/04/2010

    It Sho was a good meal!

    As much as I went in, wanting to hate this place chosen by my girlfriend for her special b-day dinner, by the end of the meal I left thoroughly impressed by one of the finest dining experiences of the last few years. I did not find the design or decor to be that high end or impressive, just subtle, dark and somewhat moody, as my date turned out to be as well. The place was pretty empty for a Thursday night which does not bode well, and the crowd was, as you would expect, older finance men and company dinners. The cocktail list was inappropriately hipsterish for the locale (are we in Brooklyn?) but a superb and reasonably priced wine by the glass list more than made up for it. The meal service was second to none, begging with an array of small bites followed by a delish vegetable puree. Although it is billed as a 3 course dinner, you really end of being served five courses plus an additional gratis post-dessert dessert cart sampling. I never though I would say this, but I left feeling rather full and content that at 250 dollars including tip for dinner for two, I had actually gotten more than my moneys worth. The apps were great, the food is not only delicious and of the highest quality but so thoughtfully and artfully presented; even the bread basket rocked my world. The mains were equally stellar, and the highlight of the meal was when Shaun himself personally presented my entree and came back later for my thoughts on his newest creation! This place will be getting a Michelin star if it doesn't already have on so enjoy it now.

  • The Exchange

    Posted by Martin on 06/04/2010

    Tasteless Overpriced Food

    My girlfriend and I went to SHO with another couple. At first, given the price and ambiance I was expecting a 5 star meal equivalent to the Moderne, Per Se, or Del Posto. I had never heard of this chef but that didn’t taint my opinion at all. The starting course, which comprised of a few small bites of things were very good. I was impressed at the explosive flavor that was packed in such small pieces of food. From then on I was expecting a stellar meal. However, this is not what we got. My girlfriend ordered the tuna sashimi appetizer, which was actually quite good. For our entrees I ordered the lamb. It came out in small rolls with black pepper on the side. The meat was of a nice cut but absolutely tasteless. I had to salt it myself. My friend ordered the rabbit, which sounded good. When it came out it didn’t look too appetizing. It looked more like a terrine than a piece of loin. The texture wasn’t too appetizing at all either. The service was very good though. It was definitely 5 star service but not 5 star food. The bill was $600 and felt that the food wasn’t worth paying even one-third that price. The décor and ambiance were very nice though. If you want to spend a lot of money I would suggest going to the Moderne for impeccable food.

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