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ERG Property Advisors Sells Sherwin Williams Anchored Strip Center in Babylon, NY

NEW YORK — January 10, 2014 — ERG Property Advisors is pleased to announce the sale of a Sherwin Williams (NYSE: SHW) anchored strip center on a dominant intersection in the heart of the Babylon, New York.
 
The intersection of East Main Street & Cooper Street boasts traffic counts of over approximately 26,000 cars per day. The subject property is located just 1 mile from the Babylon Branch train station and Montauk Highway also known as Route 27A, Montauk Highway links Nassau, and Suffolk Counties and is one of the primary connecting points between the Massapequa and Bayshore regional trade areas.
 
The property sold for $1,700,000 which represents a capitalization rate of 4%.
 
Andrew Greenberg and Evan Street of ERG Property Advisors, exclusively represented this transaction.
 
For more information about this property, please contact Andrew Greenberg at (646) 253-0950 or email agreenberg@ergpa.com. Or contact Evan Street at (646) 253-0965 or email estreet@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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