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Cooper Square to manage Centria.


Cooper Square Cooper Square is a junction of streets in Manhattan, New York City. It is at the confluence of the neighborhoods of The Bowery, the East Village and the Lower East Side. It is fed directly from the south by Bowery at East Fourth Street which becomes Third Avenue after Saint Mark's  Realty has been retained to manage the 152-unit Centria Condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
, a superluxury, hotel-style residence at 18 West 48th Street that is the first building constructed in Rockefeller Plaza since the 1930s.

Developed by J.D. Carlisle Development Corp, the vast majority of units have been purchased by individual investors from Ireland who are renting out the units.

Cooper Square is managing the individual apartments for the owners as well as the entire building.

"Managing the Centria presents an interesting challenge as it is virtually a condominium operating as a rental," says David Kuperberg, Cooper Square president.

"This requires two sets of skills. One is the customer-oriented capabilities needed to run a condo or coop COOP

See Banks for Cooperatives (COOP).
 and provide hotel-style services for the residents.

"The second is to view the property from a landlord's perspective with an emphasis on tenant retention. Along with this is the profit-oriented financial acumen and asset management skills we have gained from managing scores of rental properties."

The Centria features breath-taking views of the city and bird's-eye views bird's-eye view
Noun

1. a view seen from above

2. a general or overall impression of something

bird's-eye view nvista de pájaro

 of Rockefeller Plaza and St. Patrick's St. Patrick's or Saint Patrick's may refer to:
  • Saint Patrick's Day, named after the saint
  • St. Patrick's Purgatory, an ancient pilgrimage in Lough Derg, County Donegal, Ireland
 Cathedral, ceiling to floor windows, 11-foot ceilings, marble and glass bathrooms with his and her sinks and the latest appliances in Pullman-style kitchens.

The building has a health club, wine and cigar smoking lounge, private kitchen and dining/conference room, hi-tech business center, laundry room A laundry room (also called a utility room) is a room where clothes are washed. In a modern home, a laundry room would be equipped with an automatic washing machine and clothes dryer,and often a large basin, called a laundry tub, for hand-washing delicate articles of clothing such  and outdoor deck with seating.

Cooper Square Realty manages a portfolio of more than 150 buildings with 100,000 residents and an aggregate asset value of nearly $3.0 billion.
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Title Annotation:PROPERTY MANAGEMENT
Publication:Real Estate Weekly
Date:Aug 8, 2007
Words:253
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