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ERG Property Advisors Announces the Exclusive Availability of a Multi-Family Building in Prime East Harlem

New York, New York – August 10, 2015 – ERG Property Advisors is pleased to announce the availability of 503 East 116th Street, New York, NY. 

Located in the prime East Harlem section of Manhattan, this five story multi-family consists of 9 residential units. The units have no leases and are below market rates. All units are 2 bedroom units with one unit having 1.5 baths. The building is 7,875 square feet.
 
The building is in excellent condition and has a tremendous cash flow upside.
 
The building is walking distance to the East River Plaza shopping center, Costco, Target and BestBuy. The 6 subway train is located nearby on Lexington.
 
Edward Feeney is representing the seller and encouraging all offers be submitted.
 
For more information about this property, please contact Edward Feeney at 646.253.0965 or efeeney@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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