Description

ERG Commercial Real Estate is proud to announce the recent closing of 88-05 101st avenue in Ozone Park, Queens. This two story mixed use building contains a ground floor office that is currently owner occupied and two apartments on the second floor. ERG was able to obtain a 10 year loan fixed at 4% with a 25 year amortization period as well as a line of credit that is annually renewable. Due to our strong relationships with numerous banks, ERG was able to navigate and push this deal through during the Covid-19 pandemic.