News:
Brokerage
Posted: July 29, 2025
ERG Commercial delivers
$3 million refinance for 79 Ave. A
Manhattan, NY ERG Commercial Real Estate arranged a $3 million refinance of 79 Ave. A, a four- story mixed-use property located on Ave. A between E Fifth and E Sixth St. in Alphabet City on the city’s Lower East Side.
The 5,443 s/f building is equipped with six apartments and two commercial units, with long-term tenants that have occupied the retail spaces for over 25 years.
“We were able to use our strong banking relationships to secure the borrower a five-year fixed traditional loan that allowed them to refinance their current mortgage and give them an additional cash out,” said ERG’s managing director Ryan Lewis.
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