Although all might not view it as progress, new luxury housing continues to spring up on the Lower East Side. At left, the newly constructed Coda at 110-114 Ridge St. offers 29 apartments — including studios and one- and two-bedrooms — with four penthouses. It also has a 1,000-square-foot retail space and three community facility spaces. The entire building is up for sale for $18.75 million. “The property is ideal to maintain as a rental, with steady and growing cash flow, or to ultimately convert to condominium ownership in this supercharged market,” informs a press release by brokers Eastern Consolidated.
At right, constructed in 2003, Gotham Court, a two-building, 32,946-square-foot complex at 152 Ludlow St. and 149-151 Essex St., is being offered for sale for $17,950,000. It includes 22 apartments and three retail spaces.
The buildings’ ground-floor and lower-floor commercial spaces are currently leased to Cakeshop, a coffee house/record shop with a live music venue in the basement lounge, White Furniture and the Laugh Lounge Comedy Club.
For more information, contact Eastern Consolidated’s headquarters at 212-499-7700.
