Manhattan Multifamily Sale

2108-2110 2nd Avenue East Harlem, NY

$1,950,000

Description

ERG Commercial Real Estate is proud to announce the recent closing of 2108-2110 2nd Avenue in East Harlem, New York. The marketing of this property, whose rent roll is entirely comprised of stabilized rents, began before the recent rent regulation changes. With the proper insight and guidance, ERG was able to facilitate this sale through the turbulent market conditions after these changes. The final sale price of the property was $1,950,000 and at an effective cap rate of 3.8%, achieving a market premium.

Location

Address2108-2110 2nd Avenue East Harlem, NY
City NY
Zip/Postal Code
Country United States
View In Google Maps

Contact Agent

ERG Commercial Real Estate

212-807-6640

info@ergcre.com

Similar Properties

ERG | favicon

$1,100,000

Queens Sale Closing

102-08 Roosevelt Avenue Corona, NY

ERG Commercial Real Estate

$2,400,000

Refinance

4053 Junction Boulevard Corona, NY

Matthew Murphy

$825,000

Multi-Family Refinance/Cash Out

1721 Melville Street Bronx, NY

Mary Guarino

Matthew Murphy