News:
Brokerage
Posted: September 22, 2014
Greenberg of ERG brokers $1.03 million sale of single-tenant Dollar Tree
ERG Property Advisors arranged the sale of a single-tenant Dollar Tree at 711 East 38th St. The property sold for $1.03 million at a cap-rate of 9.1%.
The discount store chain tenant, Dollar Tree, Inc. has a net-lease with 4.5 years remaining for a 12,544 s/f building on a 1.32 acre lot. The property is located at a highly traveled intersection with a traffic count of 37,290 vehicles daily.
Andrew Greenberg, senior director of the national retail division at ERG exclusively brokered this transaction.
Tags:
Brokerage
MORE FROM Brokerage
200E20TH sells out in Gramercy, penthouse A closes out sales at the CetraRuddy-designed condominium residences
Manhattan, NY 200E20TH, the CetraRuddy-designed architectural masterwork that brought a curved, contemporary sensibility to Gramercy’s Beaux-Arts streetscape, has
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt
First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan
Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)