ERG Property Advisors and Marcus & Millichap named exclusive agents for Korea Village

According to ERG Property Advisors and Marcus & Millichap, they have been earned exclusive representation of "Korea Village" at 150-24 Northern Blvd. AKA 38-07 150th St., 39-14 150th Pl. in the borough's Flushing neighborhood. The propety is located on a 27,165 s/f lot and is 76,269 gross s/f. The net leasable square footage is 58,269 s/f. Richard Guarino, managing director at ERG Property Advisors, and Adelaide Polsinelli, associate vice president at Marcus & Millichap, are the exclusive brokers handling the property. Built in 2006, this property is a three-story elevator and escalator commercial building. The building also contains an 18,000 s/f underground parking lot that can accommodate 84 cars. The building is located on a very busy strip in the Flushing section, an area with a large Korean population. The property is currently leased to tenants that include clothing retailer Cosmos Department Store and Dae Dong Caterer. All leases, with the exception of Wilshire State Bank, are cancellable. ERG Property Advisors is a full-service commercial brokerage company based in New York City. Its core activities are investment sales, retail leasing, and strategic consulting. 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 has access to a vast network of NNN properties throughout the United States. 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.