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321 East 60th Street (Manhattan)

321-1
321-2
321-3
  • $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.