321 East 60th Street (Manhattan)
$24,000,000
Total Development Cost
September 2017
Completed
Aufgang Architects
Architect
TD Bank
Lender
Riveroak 1 NYC LLC
Equity
321 East 60th Street is a 25,000 square foot, 21-unit residential building located on East 60th Street, between First and Second Avenue in Manhattan. Constructed inside the bend of the Queensborough Bridge on a highly irregular lot, this property exemplifies Azimuth’s ability to overcome physical hardships developers typically stay away from. Developed under the NYC Inclusionary Housing Program, the project is 100% affordable housing, and home to families that qualify based on their income when compared to the area’s average. As a result of securing permanent affordable rents for residents of Community Board 8, Azimuth generated over 80,000 square feet of air rights to be sold within the community board or a half mile radius of 321 East 60th Street.