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ERG Property Advisors is Proud to Announce a Price Break on a Mixed Used Building for Sale in Bronx, NY

NEW YORK — April 01, 2014 — ERG Property Advisors is pleased to announce a price break on a mixed use building in the little Italy section of the Bronx.
 
The size of the lot is 50 x 117.5 and the building dimension is 5,000 square feet. It has a R6 zoning with a C1-4 overlay.
 
The building has 2 retail units and 3 residential units. The gross income is approximately $120,000 .
 
This mixed use apartment building is in the heart of the famous little Italy section of the Bronx. The residential units and the building in general is in great condition. 
 
The submarket is host to Fordham University’s main campus, Saint Barnabus Hospital, New York Botanical Garden and The Bronx Zoo. It is also near the historic Arthur Avenue shopping district.
 
The property is located just off of East 187th Street and is in a great location for off campus student housing.
 
Originally priced at $1,500,000, the property is now prices at $1,300,000.
 
For more information about this property, please contact Matthew Murphy at 646.253.0962 or 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. 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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