CB4 Inclusionary Housing Certificates

Investment Overview

Avison Young, as exclusive agent, is pleased to offer for sale Inclusionary Housing Certificates (“IHCs” or “Air Rights”) located within Manhattan’s Community Board 4. CB4 includes the West Chelsea, Hudson Yards, Penn District and Hells Kitchen neighborhoods of Manhattan. These certificates were generated through the development of The Eugene, an 844-unit 63-story multifamily property completed in 2017. The certificates are existing, have been approved by the NYC Department of Housing Preservation and Development (HPD), are available for immediate use and do not expire.

Investment Highlights

• Inclusionary Housing Certificates
• Manhattan Community Board 4
• Chelsea, Hudson Yards, Penn District, Hell’s Kitchen
• Maximize Development Potential of Eligible Receiver Sites
• R10 Equivalent Zoning or within specific Inclusionary Housing Designated Areas