Lewis of ERG sells two buildings for $4.55m

Lewis of ERG sells two buildings for $4.55m

Yonkers, NY ERG Commercial Real Estate has sold two adjacent multifamily buildings for $4.55 million. The four-story buildings, at 502 and 508 Van Cortlandt Park Ave. in the McLean Heights neighborhood, feature 46 units, totaling 38,948 s/f. The buildings were built in 1927 and 1922. Read More

ERG Delivers Cash-Out Refi of Bushwick Retail

ERG Delivers Cash-Out Refi of Bushwick Retail

ERG Commercial Real Estate, a Long Island based commercial real estate firm, delivered a $5-million cash-out refinance loan to the owner of 29 Wyckoff Ave., a fully leased, cash-flowing commercial property in Bushwick, Brooklyn. The loan features a 4.0% fixed rate for five years with a five-year option to renew and a 25-year amortization rate. […]