Description

ERG Commercial Real Estate is proud to announce the recent closing of 102-08 Roosevelt Avenue in Corona, Queens. This property is a two story mixed-use building with retail on the ground floor and one apartment on the second floor. Upon sale, the ground floor was delivered vacant as the previous tenant had issues paying the rent due to the Covid-19 Pandemic.

We were able to market this property during the peak months of Covid-19 and quickly find a buyer that paid ALL CASH and closed in less than 30 days with no contingencies. We achieved the seller’s goal in selling the property quickly and for a premium price, despite the high degree of uncertainty in the Commercial Real Estate market.