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ERG Property Advisors Sells 2-Story Mixed Use Office Building in Hewlett, NY

NEW YORK — November 15, 2013 — ERG Property Advisors is pleased to announce the sale of 1241-1249 Broadway in Hewlett, NY.  The property is a 2-story mixed use office building with 7,200 SF of combined commercial space. 

 
The property has a newly renovated roof along with renovated electric and windows with parking on the premises. The building sold fully rented, with all tenants paying their own utilities. Tenants also pay a percentage of taxes and all have annual increases. 
 
Neighboring tenants include Subway, Capital One, Roslyn Savings Bank, and Wells Fargo. The property is a short walk to the LIRR Hewlett station.
 
Hewlett, NY is part of the prestigious Five Towns community of Nassau County.
 
The property sold for $1,617,000. Michael Guarino, Director of Investment Sales at ERG Property Advisors, exclusively represented the seller in this transaction.
 
For more information about this transaction, please contact Michael Guarino at (646) 253-0907 or email mrg@ergpa.com.
 



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