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ERG Announces Sale of Walk-up Apartment Building in Bronx, New York - ERG Property Advisors is pleased to announce the sale of 4341 Gunther Avenue in the Wakefield section of the Bronx, NYC - ERGbronx / ERGPA.com
ERG Announces Sale of Walk-up Apartment Building in Bronx, New York

 

NewswireToday - /newswire/ - New York, NY, United States, 2012/09/06 - ERG Property Advisors is pleased to announce the sale of 4341 Gunther Avenue in the Wakefield section of the Bronx, NYC - ERGbronx / ERGPA.com.

   
 
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ERG Property Advisors is pleased to announce the sale of 4341 Gunther Avenue in the Wakefield section of the Bronx, NYC.

6-story walkup apartment building is in excellent condition and well managed. Separate hot water heater/hot water tanks. Property is within a 5 minute walk to the 2 train at the Nereid Avenue stop.

The property sold for $1,925, 000 with a 9.4% Cap Rate, and a price per unit of $71,296 Richard T. Guarino and Michael Guarino Jr. of ERG Property Advisors represented both buyer and seller in this transaction.

For more information about this property, please contact or Richard T. Guarino at (646) 253-0909 his email is rgruarino[.]ergpa.com. You may also contact Michael Guarino Jr. at (646) 253- 0908 his email is mguarino[.]ergpa.com.

About ERG Property Advisors

ERG Property Advisors is a full-service commercial real estate brokerage company based in New York City. Its core activities are investment sales and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of NNN properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Visit ergpa.com for recent deals and press coverage.

Founded by real estate industry veterans with over 50 years of combined experience, ERG Property Advisors offers not only exceptional service to clients, but also an exceptional work environment to our employees. Our innovative team structure encourages ERG brokers to work collaboratively with one another. "Real estate is already a very competitive market", says CEO Jim Kinsey,"so, at ERG we want our brokers to work with one another instead of against one another. We believe that internal collaboration is key to a healthy work environment and better client service."

ERG's submarket system allows agents to become experts of a particular neighborhood. Submarket experts stay up-to-date on critical real estate information, including price per square foot, average rents, trends, and new zoning laws affecting the area, and become a vital resource to colleagues and clients. In addition, as a strongly relationship-based firm, we prioritize the development of careers. Our mentorship philosophy has driven us to develop the best one-on-one training in the industry.

 
 
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Written by / Agency / Source: ERG Property Advisors

 
 

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ERG Announces Sale of Walk-up Apartment Building in Bronx, New York

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Publisher Contact: Michelle Babinsky - ERGPA.com 
212-807-6640 pr[.]ergpa.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ERG Property Advisors securities in any jurisdiction including any other companies listed or named in this release.

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