The Heritage (Putnam Portfolio)


Number of units

680K SF

Property size

October 2019

Acquisition Date

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. LMFM acquired the property as part of the Putnam Portfolio, a five-property, 2,769-unit multifamily portfolio that is located throughout Manhattan and preserved its long-term affordability. The Putnam Portfolio consists of The Crossing, The Heritage, The Landings, The Miles and The Parker.