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ERG Property Advisors Sells Development in the Parkchester Section of the Bronx, NY

NEW YORK — January 16, 2014 — ERG Property Advisors is pleased to announce the sale of 2035 Benedict Avenue in the Bronx, NY. The property is a two story vacant building with a 12 car parking lot.
 
The redevelopment site is zoned for up to 24,000 of buildable SF and, as of sale, there is a current interest for community use that can increase the total of right of build total to 36,000 SF. The property sold for $1,100,000.
 
Matthew Murphy, Senior Associate at ERG Property Advisors,
exclusively represented the seller in this transaction.
 
For more information about this transaction, please contact Matthew Murphy at (646) 253-0962 or email mmurphy@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. 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
 
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