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ERG Property Advisors Closes on Mixed-Use Property in Greenpoint, Brooklyn

NEW YORK — May 10, 2013 — ERG Property Advisors is pleased to announce the sale of a two-story mixed-use building in Greenpoint, Brooklyn. 
 
The McGuinness Boulevard property consists of two vacant apartment units and one commercial unit with a basement.
 
The property conveniently sits in the heart of Greenpoint. Greenpoint is an up and coming area of Brooklyn as it is supporting its thriving retail centers and undergoing new residential development projects.
 
The property is located near many distinguished local businesses and national retailers such as HSBC Bank, Starbucks, Dunkin’ Donuts’, and more. The property is close in proximity to transportation systems including the B24, B62, B43 bus lines and the G subway line. The midtown tunnel is a five minute drive from the property.
 
The property sold for $680,000 with a 10.01% projected cap rate.
 
For more information about this property, please contact Peter La Rosa at (646) 253-0964. His email is plarosa@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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