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ERG Property Advisors Closes on Taxpayer Retail Strip in Commack, NY

NEW YORK — April 30, 2013 — ERG Property Advisors is pleased to announce the sale of a taxpayer retail strip in Commack, New York.
 
The Commack Road retail strip is presented in excellent condition. The property consists of five commercial units with long-term tenants. The main level is 5,000 square feet and the lower level is $2,400 square feet. The property also includes front, side, and rear parking space.
 
The property is located on a main thoroughfare with a dense residential population and is surrounded by many national tenants. Some neighboring tenants include CVS Pharmacy, Burger King, Subway, Five Guys, Dairy Barn, Lucille Roberts, and Enterprise Rent-A-Car.
 
The property sold for $1,800,000 with a cap rate of 8.48%.
 
For more information about this property, please contact Michael Guarino, Sr. at (646) 253-0907. His email is mrg@ergpa.com.  
 
 
 
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's Retail Division specializes in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. 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. Visit www.ergpa.com for recent deals and press coverage.  



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