Elad Group, Silverstein sell 116 affordable units at 1 West End Avenue complex in Lincoln Square

100 FREEDOM PLACE SOUTH I LLC paid Elad Group|Silverstein Properties’s DALE FREEDOM LLC $6.8 million for 631 West 59th Street in Lincoln Square. The deal closed on November 12, 2020, and was recorded on November 23, 2020. The transaction consists of 1 parcel, including the tax class condominium rentals (RR) and containing 116 residential units. The property is 143,566 square feet. The parcel(s) have total development potential of 143,566 square feet.
The sale price per unit is $58,621..

These are the 116 affordable units that are part of the 1 West End Avenue development. The contract date was September 24, 2020. The buyer entity is registered at a home that is also used by Pan Am Equities entities.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 361 residential (or hotel) units on July 29, 2020.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA.
The signatory for the buyer or lender was Aris Babayan