The Lindley will host 74 apartments ranging from studios to three-bedrooms that will all qualify for 421-a tax abatement. Prices will begin around $900,000 and residences offer a rare opportunity for singles and working professionals to own in the heart of Manhattan. Amenities will include 24/7 concierge service, a lounge, fitness center, private storage, and a rooftop garden with grilling and dining areas offering views of the Manhattan skyline.

The building is being developed by CBSK Ironstate, a triad of developers consisting of SK Development, Ironstate Development and CB Developers. Some of the team’s prior residential buildings include Reade Chambers in TriBeCa, 301 East 50th Street in Turtle Bay, and East Village’s The Jefferson. New condominium buildings in the neighborhood have been few and far between. One of these rarities is 325 Lexington, located one block west of the Lindley. There, on the market units are asking an average of $2,269 per square foot, where one-bedrooms begin at $1.48 million and two-bedrooms from $2.15 million.

The development is within close proximity to Midtown offices and the United Nations. Five existing subway lines, the 4, 5, 6, 7, and S; the soon-to-come Second Avenue subway line, MetroNorth at Grand Central, and the East River Ferry are all within walking distance. The Lindley’s prime location is a perfect nexus of shopping centers, community and cultural function, and convenient commuting options. The neighborhood itself is renowned for its rich historical and cultural landmarks, some of which include J.P. Morgan Library, several museums, the city’s finest schools, medical facilities, green-spaces, and playgrounds.