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ERG Property Advisors Announces the Closing of a 2 Building Package in Long Island City at Full Asking Price

Queens, New York – December 12, 2016 – ERG Property Advisors is pleased to announce the sale of 36-49 and 36-56 34th Street in Queens, New York.

Located in the Long Island City section of Queens, the package consists of 2 warehouse buildings on prime 34th Street.

The package went into contract within the first few days it hit the market. It was acquired by an owner user and had plenty of upside in terms of income. Various zoning changes have taken place and has promoted extensive development in the area.

Nearby transit includes the E, M, N, Q and R subway lines.

The asking price was $5,500,000 and sold at full asking price.
 
For more information about this property, please contact Frank Amicizia at 646.253.0930 or famicizia@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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