Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Co-op package sold by Eastern.


Eastern Consolidated has brokered the sale of yet another sponsor package of luxury apartments, this time comprising 11 coop residences at 420 Riverside Drive A number of cities around the world have a Riverside Drive.

In the United States:
  • Riverside Drive (Anderson, California)
  • Riverside Drive (Asotin County, Washington)
  • Riverside Drive (Austin, Texas)
  • Riverside Drive (Bandon, Oregon)
 on Manhattan's Upper West Side.

Deborah L. Gutoff, Senior Director of Eastern Consolidated, brokered the sale on behalf of the purchaser, James Development Co., a long-time investment client of the firm. Mingo Lee, a Director of Eastern Consolidated, represented the seller.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Ms. Gutoff, the vacant fair market value of the package was approximately $13 million. The apartments average 1,500 square feet, many have Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
 views, and all are occupied by rent-regulated tenants.

Sam Ofsevit of Linett Schechter Reicher Ofsevit LLP LLP - Lower Layer Protocol  was the attorney for the seller while Bonnie Covey, Esq., of Goldstick, Weinberger represented the purchaser.

420 Riverside Drive is a 100-unit turn of the century apartment building at the corner of 114th Street.
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Eastern Consolidated Properties Inc. brokered a sale of apartment building to James Development
Publication:Real Estate Weekly
Article Type:Brief Article
Date:May 25, 2005
Words:142
Previous Article:Wells buys 80,000 s/f building.
Next Article:Morris county EDC honors CBRE's Babikian.
Topics:



Related Articles
15-story apartment house sold.
Luxury residential markets on a slow but steady climb.
Zucker buys Noho land for development.
On the real estate scene.
Eastern Consolidated Properties completes three retail transactions in Manhattan. (Retail New York).
Eastern closes $34m development site sale.
Sponsor packages.
West Side building achieves top dollar.
PDE: numbers bring relief to an overheated market.
The deal makers.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles