In a bid to create financial diversity in their building, Lincoln Center Tower has begun a lottery.
Located at 175 West 60th Street, the upcoming Lincoln Center Tower apartments in the Upper West Side will rent 20% of it’s 257 units to low-income residents, ranging from $566/month for a studio to $931/month for a two-bedroom.
The lot was originally purchased in 2011 for $75 million, and sits on a block mostly owned by Fordham University, so the building will definitely cater to students as well as professionals. The building will feature six apartments per floor from the fourth to 46th levels, floor to ceiling windows, bike storage, childrens playroom, lounge, and a swimming pool and whirlpool. There will be five studio apartments available for singles earning annual gross incomes of $20,167-$30,250, with rents of $566 and $717 respectively, 30 one-bedrooms for 1-2 person households that earn from $21,600-$34,550, and 17 two-bedroom units for 2-4 person households that make between $25,900-$43,150.
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The building is steps from Columbus Circle (my favorite place), and the Time Warner building (my least favorite place). So if you are in the market for luxury living at a low-income price, apply for the lottery immediately and you could soon find yourself in your dream Manhattan apartment.
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