Guarinos of ERG Property Advisors broker $1.925 million sale and $750,000 sale of 1550 St. Peters Ave., Bronx

ERG Property Advisors has completed the sale of two properties totaling $2.675 million: ERG sold 4341 Gunther Ave. in the Wakefield section of the borough. The 6-story walkup apartment building is in excellent condition and well managed. The property sold for $1.925 million with a 9.4% cap rate, and a price per unit of $71,296 Richard Guarino and Michael Guarino Jr. of ERG represented the buyer and seller in this transaction. ERG also brokered the sale of 1550 St. Peters Ave. in the Westchester Sq. neighborhood. The property is a three-story commercial building consisting in two loading docks, one garage door and an 8' x 15' elevator. Delivered vacant, the property is located in a residential neighborhood 1/2 block from Westchester Square Medical Center. The property sold for $750,000 or $57 per s/f. Richard Guarino of ERG represented the buyer and seller in this transaction. 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.