New apartment building for sale.The Coda (1) A distributed file system developed at Carnegie Mellon University in the late 1980s. Evolving from the Andrews File System, Coda is noted for its ability to withstand network failures. See AFS. (2) A software company based in the U.K. that produces accounting software for mainframes, VAX and client/server environments. The parent company is the Coda Group, Plc. with U.S. offices in Manchester, NH., a 29-unit, seven-story newly constructed apartment building, located on Manhattan's burgeoning and vibrant Lower East Side is in the market for sale through Eastern Consolidated, at an all-cash asking price of $18.75 million. Eastern Consolidated's Peter Hauspurg, Chairman and CEO, together with Senior Directors Ronda Ronda (rôn`dä), town (1990 pop. 34,102), Málaga prov., S Spain, in Andalusia. One of the most colorful of Spanish towns, it is beautifully situated high in the mountains of Sierra de Ronda and is a popular tourist destination. Rogovin and Deborah Gutoff are spearheading the marketing initiative. Since the property was recently constructed in 2003, it enjoys the benefits of the City's 421-A program including substantial tax savings for another seven and a half years. The Coda, whose exact address is 110-114 Ridge Street, also offers one 1,000 s/f street level retail space. The Coda offers a net operating income of approximately $970,000. The property will be delivered free and clear Free and Clear A slang phrase describing the situation of someone when he or she gains outright ownership of an asset, such as when it is completely paid off and no creditor has a claim on the property.Notes: The phrase is probably most commonly used in reference to one's mortgage. If your house is completely paid off, you own your house "free and clear. of debt. "The Lower East Side is transforming into a trendy, much sought-after residential neighborhood," said Mr. Rogovin, "and this sale represents an excellent opportunity to buy a foothold in the area." |
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