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ERG Property Advisors Announces the Sale of a Mixed Use Building in the Bronx

Bronx, New York – April 7, 2015 – ERG Property Advisors is pleased to announce the sale of 2406 Hoffman Street, Bronx, NY.

Located in the heart of the Little Italy section of the Bronx, this mixed use property consists of 2 retail units and 3 residential units. The building is 5,000 SF with approximately 9,300 SF of air rights available and was sold to a developer in the area.

This submarket is host to Fordham University’s main campus, Saint Barnabus Hospital, The New York Botanical Garden, The Bronx Zoo and the historic Arthur Avenue shopping district.
 
The building sold for $1,240,000.  Matthew Murphy represented the seller.
 
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 specialize 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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