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ERG Property Advisors Announces Exclusive Listing of Five Properties in Bronx, NY

NEW YORK — May 10, 2013 — ERG Property Advisors is pleased to announce the availability of five properties in the Bronx, NY.
 
The subject properties include: 171-173 East 205th Street, a development site in Bedford Park for $1,530,000; 2406-2408 Hoffman Avenue, a mixed-use/development opportunity in Little Italy for $1,500,000; 3155-3157 and 3157-3169 Villa Avenue, two mixed-use buildings in Bedford Park for $2,200,000; 3168 Villa Avenue, a development site in Bedford Park for $1,060,000; and 4656 Park Avenue, a development site in Belmont for $525,000. All properties sit in prime locations with great foot traffic and close proximity to both local and express subway stations.
 
Matthew Murphy and Robert Del Greco, Senior Associates at ERG Property Advisors are exclusively representing these properties. “The Bronx is an attractive investment opportunity because of comparatively lower asking prices with higher capitalization rates than other areas of the city,” explained Mr. Murphy.
 
“The Bronx is currently undergoing extreme developmental conversions that will increase property values for investors. Affordable housing projects are being developed and more and more national retail centers are moving in. With all of the positive changes, the potential for real estate success in the Bronx is unbeatable right now.” Says Mr. Murphy.
 
For more information about these properties, please contact Matthew Murphy at (646) 253-0962, his email is mmurphy@ergpa.com or Robert Del Greco at (646) 253-0966, his email is rdelgreco@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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