Guarino of ERG completes $1.65 million sale of 60-space parking garage; Located at 525 East 11th Street in the East Village

ERG Property Advisors has sold of an East Village parking garage on the ground floor of a 25-unit doorman building for $1.65 million. "Parking garages are exceptionally valuable in high-density neighborhoods such as the East Village," said Richard Guarino of ERG Property Advisors. "They will continue to be a desirable commodity for both tenants and landlords in the future." The parking garage, located at 525 E. 11th St., has 60 parking spaces. The deal was exclusively handled by Guarino. For more information about this property, please contact Richard T. Guarino at (646) 253-0909. His email is [email protected]. About ERG Property Advisors ERG Property Advisors is a full-service commercial real estate 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.