Magnum Real Estate Begins Closings at NYC Tower

Magnum Real Estate Group has begun closings on the first phase of apartments at its newest condominium development, CODA at 385 First Ave. in New York City.

“CODA is providing a great opportunity for those looking to purchase their first homes in a new development,” Ben Shaoul, president of Magnum Real Estate Group, told Multi-Housing News. “Its strategically thought out design boasts several unique and functional layouts with compelling amenity spaces, which have been very well received by buyers. We are delighted to announce that closings have begun and we are confident that the demand will hold strong.”

The 21-story, 114-unit building features one,- two- and three-bedroom floorplans, with prices starting at $1.1 million. Residents have access to services and amenities such as a 24-hour attended lobby, live-in resident manager, a fitness room designed by Wright Fit, residence terrace with a grill and fully furnished and landscaped roof deck. Interior features include floor to ceiling windows; kitchens with honed granite on the countertops and backsplash, custom lacquered white cabinets, chrome fixtures, a Sub-Zero refrigerator and a Bosch oven; and bedrooms with sliding closet doors and en-suite master bathrooms with marble floors and walls, Waterworks fixtures, an encased glass shower and white vanity.

“Today’s buyers are seeking more than just an apartment, they want a complete lifestyle offering ease, sophistication and convenience,” Melissa Ziweslin, managing director at Corcoran Sunshine Marketing Group, told Multi-Housing News. “Such luxuries may come from building amenities, and may also be afforded by the vibrancy of a neighborhood, and at CODA they can have it all. CODA offers buyers a sought-after Downtown location, amenities including incredible outdoor spaces, and well-proportioned layouts at a very attractive price point which is tremendously appealing in the new development marketplace.”   

The building is located close to Gramercy and the East Village, with easy access to Madison Square Park, the East River Greenway and Midtown. Other new luxury condominium developments in New York City include 225 W. 17 St. in Chelsea and the historic Belnord.

Images courtesy of CODA