Affordable Housing Lottery Launched for New York’s Lincoln Center Tower

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Affordable Housing Lottery Launched for New York's Lincoln Center Tower

Affordable Housing Lottery Launched for New York's Lincoln Center Tower

Glenwood Management has just launched their affordable housing lottery for 52 below-market rate apartments within their soon-to-debut rental tower at 175 West 60th Street. Situated within the Lincoln Center area of the Upper West Side, 20 percent of the building’s 257 units will be set aside for low-income residents and will range from $566/month studios to $931/month two-bedroom units.

The Leonard Litwin-run development team purchased the vacant lot at the northeast corner of Amsterdam Avenue and West 60th Street for $75 million in 2011. The parcel belongs to a superblock mostly owned by Fordham University who, after winning approvals to add 2.35 million square feet to its Lincoln Center campus, spun off the westernmost lots to finance their ongoing expansion. […]</blockquote>

Continue Reading – Source: 6sqft

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