taconic investment partners

affordable housing, Hell's Kitchen, housing lotteries

Last June, Mitsui Fudosan, one of the largest real estate companies in Japan, bought a majority stake in Taconic Investment Partners525 West 52nd Street, a $330 million rental development between 10th and 11th Avenues. As the Journal reported at the time, the two-towered Hell’s Kitchen project (one is 22 stories, the other 14) will offer 392 apartments with 80 set aside for low-income residents, as it was developed through the city’s 421-a program. Now, those affordable units have come online through the city’s housing lottery, and they range from $913/month studios to $1,183/month two-bedrooms.

Find out what luxury perks the building offers