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Brokerage
Posted: October 4, 2016
Murphy and Gecaj of ERG Property Advisors close three-building portfolio: $11.75 million
337 East 146th Street and 341 East 146th Street - Bronx, NYBronx, NY ERG Property Advisors has closed the sale of a three-building portfolio in the Mott Haven and Melrose neighborhoods. The properties sold for $11.75 million.
Matthew Murphy, ERG Property Advisors
Donny Gecaj, ERG Property AdvisorsMatthew Murphy and Donny Gecaj represented the seller and buyer.
337 East 146th St., 341 East 146th St. and 454 East 160th St. were priced at $135,000 per unit. The properties consist of 86 apartments, a mix of 48 one-bedrooms and 37 two-bedrooms and four retail stores.
All buildings are located in the highly desirable Mott Haven and Melrose section of the Bronx with close proximity to the Willis Ave./Third Ave. Bridges. It is also near “The Hub,” a premier shopping district in the area. All buildings have undergone recent renovations and are move in ready.
ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, mortgage brokerage and direct capital services. 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’s Retail Division specialize in the disposition of commercial investment real estate property nationally with a focus on freestanding Net-Lease properties. 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. Through strategic alliances with select companies we are able to offer our clients access to mortgage brokerage, direct capital services and investment sales brokerage.
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