ERG Sells Four-Story Walk-Up Apartment Building in Claremont Section of Bronx

ERG Property Advisors is pleased to announce the sale of 1302 Rev James Polite Avenue, locatedin theClaremontsection of the Bronx, NY. This retail property is located between Freeman and Chisholm Streets.
 
April 3, 2012 - PRLog -- ERG Property Advisors is pleased to announce the sale of 1302 Rev James Polite Avenue, locatedin theClaremontsection of the Bronx, NY.  This retail property is located between Freeman and Chisholm Streets.

The four-story walk-up apartment building sold for $550,000. It consists of eight 2-bedroom units averaging approximately 818 square feet each. The building is 7,700 square feet and is situated on a 2,500-square-foot lot. The cap rate is 12.65%.

The building has recently undergone renovations, including a new boiler and electric upgrades. The property is located within a three minute walk of the 5 train at the Freeman Street stop.

For more information about this property, please contact Richard Guarino at (646) 253-0909 or rguarino@ergpa.com or Michael Guarino Jr. at (646) 253-0908 or mguarino@ergpa.com.

About ERG Property Advisors
ERG Property Advisors is a full-service commercial 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.

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ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our 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 Triple Net 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. Through strategic alliances with select companies we are able to offer our clients access to financing and financial market information, residential rental and sales brokerage services, and property management services.
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Tags:James D Kinsey, Richard Guarino, ERG Property Advisors, Bronx Real Estate, NYC brokerage, Property Management
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