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New apartment building for sale.


The Coda, 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 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 Rogovin is a surname, and may refer to:
  • Milton Rogovin, American documentary photographer
  • Saul Rogovin, American professional baseball player
  • Vadim Rogovin, Russian Marxist historian and sociologist

This page or section lists people with the surname
 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 Operating Income

The profit realized from a business' own operations.

Notes:
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit.
 of approximately $970,000. The property will be delivered 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 foot·hold  
n.
1. A place providing support for the foot in climbing or standing.

2. A firm or secure position that provides a base for further advancement.


foothold
Noun

1.
 in the area."
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Publication:Real Estate Weekly
Date:Dec 28, 2005
Words:156
Previous Article:Small firms take occupancy at 61 Broadway to 95%.
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