ERG Commercial Real Estate closes on 16-unit multifamily

October 31, 2023 - Front Section
Mary Guarino

Yonkers, NY ERG Commercial Real Estate has brokered the sale of a 16-unit multifamily building for $2.3 million. The four-story fully rent stabilized building at 15 Locust Hill Ave., is 12,544 s/f. It was built in 1927.

The building sold for $138,235 per unit and $187 per s/f.

Mary Guarino of ERG Commercial Real Estate represented the local buyer and the seller.

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