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Brokerage
Posted: February 10, 2014
Murphy of ERG sells five story walk-up for $3.3 million
ERG Property Advisors arranged the sale of 667 187th St. in the Little Italy section of the borough. The property is a five-story walk up with 20 residential units and four commercial units. The property sold for $3.3 million representing a cap rate of 8.7%. Matthew Murphy, senior associate at ERG, exclusively represented the seller.
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