1295 5th Avenue, Manhattan, NY 10029
680,000 SF, including 625,000 residential and 55,000 retail
The Heritage is a 600-unit mixed-income property located in Manhattan’s East Harlem neighborhood on the northeast corner of Central Park. The property was originally constructed in 1980 and taken out of the Mitchell-Lama program in 2005. L+M Workforce Housing Fund acquired the property in October 2019 and placed it into a 40-year regulatory agreement to preserve long-term affordability. L+M also plans to invest in unit renovations, as well as building and amenities upgrades.