Description

ERG Commercial Real Estate is proud to announce the recent finance closing for 202 Irving Avenue and 448 Herzl Street in Brooklyn, NY. 202 Irving Avenue is a three story mixed-use building that contains six apartments and two retail units. 448 Herzl Street is a three story mixed-use building containing four apartments and two retail units, one of which is occupied by a Laundromat. Mary Guarino of ERG Commercial Real Estate was able to secure a 10 year mortgage fixed at 3.5% for the first 5 years and resets for the remaining 5 years. In addition, was able to get the client cash out proceeds to expand his real estate portfolio.