ERG Property Advisors selected to sell 1353 Webster Avenue in The Bronx

ERG Property Advisors has been selected to market the sale of 1353 Webster Ave., located in the Morrison section. The property is between East 169th and 170th Sts. The four-story walk-up apartment building is 7,200 s/f and is situated on a 2,250 s/f lot. The cap rate is 12.3%. There is a J-51 tax abatement that runs until 2022. The property is comprised of seven three-bedroom apartment units. The average apartment is 874 s/f and the average rent is $1,339 per month. The building is located within a five minute walk of the D train at the East 170th St. stop. For more information about this property, please contact Richard T. Guarino at (646) 253-0909 or [email protected]. 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. Visit www.ergpa.com for recent deals and press coverage. ###