100 Freedom Place South – Listing Details

100 Freedom Place South, New York, NY 10069

Upland Property Advisors, as exclusive agent, is pleased to offer for sale 100 Freedom Place South (the “Property”), the 116-apartment Affordable Housing Condominium Unit at One West End Avenue. The Property comprises the base seven floors of the architecturally-striking 950,000 square foot mixed-use luxury condominium project, designed by Pelli Clarke Pelli Architects and completed in 2017. The development is located just one block from the Hudson River in Manhattan’s Lincoln Square neighborhood, occupying the full city block bounded by West 59th Street, West End Avenue, West 60th Street and Freedom Place South. 100 Freedom Place South is the finest affordable housing facility in New York City, providing a high-quality, low-risk, low-maintenance investment vehicle with superior risk-adjusted returns.

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Location

Getting Around

  • Walk Score ® Walker's Paradise (92)
  • Transit Score ® Rider's Paradise (100)
  • Bike Score ® Very Bikeable (86)
Powered by Walk Score ®
  • City New York, NY
  • Neighborhood Lincoln Square
  • Zip Code 10069
  • Market Manhattan

Points of Interest

5th Avenue–53rd Street

1.14 miles

Times Square

1.19 miles

East 60th Street & Lexington Avenue at Southwest Corner

1.39 miles

LIRR & Amtrak Entrance

1.45 miles

Lexington Avenue–53rd Street

1.46 miles

East 51st Street & Lexington Avenue at Southeast Corner

1.47 miles

33rd Street

1.65 miles

East 96th Street & Lexington Avenue at Southeast Corner

2.31 miles

Midtown Operating

2.97 miles

Court Square

3.00 miles

ChargePoint

1.34 miles

ChargePoint

1.57 miles

Tesla Supercharger

1.66 miles

ChargePoint

1.88 miles

Bus Charging Station

2.04 miles

ChargePoint

2.10 miles

Mobil

2.39 miles

BP

3.76 miles

Blink

4.00 miles

55

4.29 miles

The Plaza Food Hall

1.05 miles

bella vita tranttoria

1.10 miles

Pax

1.35 miles

Citizens

1.40 miles

Mercado Little Spain

1.46 miles

The Pennsy Food Hall

1.53 miles

Cafe R

1.64 miles

iPizzaNY

2.07 miles

Cooper's Craft & Kitchen

2.11 miles

Gansevoort Market

2.27 miles

Jazz on Columbus Circle Hostel

0.62 miles

JW Marriott Essex House

0.80 miles

Hotel Belnord

1.42 miles

The Lexington

1.54 miles

Residence Inn by Marriott

1.56 miles

Hilton Garden Inn

1.58 miles

Hostelling International New York City

2.24 miles

American Dream Bed & Breakfast

2.30 miles

Jazz on the Park

2.39 miles

House ZAZA

2.66 miles

Gymboree

1.91 miles

Playhouse Prep

2.18 miles

NY Kids Club

2.22 miles

City Owlets

2.89 miles

The Learning Experience Day Care

3.55 miles

CPC Chung Pak Day Care Center

3.83 miles

ABC Child Center

3.98 miles

Adventureland Child Care

4.85 miles

Packer Early Learning Center

5.43 miles

The Child Study Center of New York

5.62 miles

Highlights

  • TROPHY AFFORDABLE HOUSING Finest affordable housing development in New York City, with superior construction, design, and amenities
  • ASSUMABLE DEBT Highly-accretive existing $9,485,000 non-recourse loan, with fixed 4.52% interest rate, interest-only payments though 2031, and term through 2036
  • VALUE ACQUISITION The Property can be acquired for less than $200 per rentable square foot, a tremendous value at a fraction of construction cost
  • BOND-LIKE CASH FLOW Consistent 100% occupancy, with virtually no roll over and an initial waiting list of more than 5,000 applicants
  • 421A TAX ABATEMENT Real estate tax abatement through tax year 2038/39, with 100% tax abatement on improvements through tax year 2030/31
  • SUBSIDIZED OPERATING COSTS The luxury condominium tower makes an annual contribution to the Property to offset a portion of the Propertys condominium charges
  • EASY TO MANAGE The luxury condominium tower handles most of the buildings maintenance
  • 1031 OPPORTUNITY Low-risk, easy-to-manage cash flow, with significant depreciation benefits from the assumable loan
  • DEREGULATION UPSIDE In the event that New York City affordable housing regulations become less stringent in the future, tremendous upside would be unlocked due to the Propertys superior quality, location, and amenities

Contact 100 Freedom Place South

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