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ERG Announces Four New Exclusive Listings

ERG Property Advisors is pleased to announce the following exclusives for the week of 7/9/2012.
4515 New Utrecht Avenue, Borough Park, NY 
Great retail or condo conversion opportunity. This huge three story corner building, originally a movie theater, is currently being used as a furniture store and is located in the commercial area of Borough Park, Brooklyn.  The property has over 53,000 SF of total buildable. Nearby bus transportation includes the B11, B16, B35, B70 and the D Subway line. The property is located near the intersection of Fort Hamilton Parkway and New Utrecht Avenue. 
Asking Price: $12,000,000
Contact: Vlad Loktev 646.253.0952- 
1102 University Avenue Bronx, NY 
Brand New 4 story walkup apartment building located in the Highbridge section of the Bronx. All units pay their own electric, gas, heat and hot water. 2 out of 8 units have balconies in the front of the building. 10 Minute walk to the 4 train at the 167th street stop. 15 minute walk to Yankee Stadium. Property will be delivered vacant. 421 A Tax Abatement in place for the next 15 years. All rents are projected in the rent roll.
Asking Price: $1,200,000
Contact: Michael Guarino Jr. 646.253.0908 – 
80-03 Jamaica Avenue, Woodhaven, NY
3 story mixed use property located in the Richmond Hill section of Queens. Very busy retail location. Store will be delivered vacant. The J train is located 1 block from the property at the 85th Street stop.
Asking Price: $835,000
Contact: Robert Del Greco 646.253.0966 –
452 Old Post Road, Bedford, NY 10506
This mixed-use property includes a retired gas station, attendant’s office and a one family house on a 18,209 SF lot in one of the wealthiest communities in Westchester County, Bedford, NY.  The property is situated between Trattoria Lucia and the Hunting Ridge Mall, which includes an A&P Food Store, Chase Bank, Citibank and a variety of local merchants.  Business District Zoning permits this high traffic site, with 82 feet of frontage on Old Post Road, the potential to be redeveloped as a prime commercial site. There are two fuel tanks below ground and one aboveground heating oil storage tank on the side of the residence. A Phase I environmental revealed no Recognized Environmental Conditions existed at the site, a Phase II is recommended. 
Asking Price: $975,000
Contact: Michael Guarino Sr. 646.253.0907 – 
About ERG Property Advisors
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. 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 Triple Net 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. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage.

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