He feared what would have happened to him in his later life without his wealth. As of 2012, the Andrew Freedman Home serves as a day-care center and event space.ĭuring the Panic of 1907, Andrew Freedman, a self-made millionaire, came to the realization that he almost lost his entire fortune. The home was reopened in 1983 for all elderly individuals, regardless of past financial status. The trust that operated the Andrew Freedman Home ran out of money in the 1960s. Located at 1125 Grand Concourse in Concourse, Bronx, New York City, the Andrew Freedman Home was designed as a retirement home for wealthy individuals who had lost their fortunes. The money to build it was bequeathed by Freedman. It is a New York City Designated Landmark.
The Andrew Freedman Home is a historic building constructed for Andrew Freedman that has been renovated into an artists' hub consisting of an interdisciplinary artist residency, an incubator space, workforce development and community services.
