Word: lerman
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Dates: during 1980-1989
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Thus began a financial transaction that continues to attract scrutiny (see chart). The property in which Ferraro held a half-interest was a two-story brick commercial building at 231 Centre Street in Lower Manhattan. She and Manny Lerman, a longtime business associate of her husband's, had bought the building on May 1, 1978, at what Ferraro says was a bargain price: $175,500. Each put up $25,450 in cash. The balance of $124,605 was met by a mortgage, an obligation that they split at $62,300 each...