ERG Announces Availability of Walk-Up Apartment Building in Bronx, NY

April 12, 2012 - PRLog -- ERG Property Advisors is pleased to announce the availability of 4341 Gunther Avenue in The Bronx, New York. The property is located in the Wakefield section of The Bronx between Pitman and Barnes Avenues.

The property is a 27 unit, 6-story walk-up apartment building with 25 one-bedroom apartments and two 2-bedroom apartments. It is approximately 25,500 square feet and is situated on a 4,850-square-foot lot. The asking price for the property is $2,150,000 and the cap rate is 8.41%.

The building is super clean and is well maintained. Currently, there are two renovated apartments that are ready to be rented.

The building is within a five-minute walk of the #2 Subway line at the Nereid Avenue stop.

For more information about this property, please contact Richard Guarino at (646)253-0909 or rguarino@ergpa.com or Shawn Campbell at (646)253-0960 or scampbell@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. 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.