Description

ERG Commercial Real Estate is pleased to announce the successful sale of 4639-4643 White Plains Road for $2,040,000.

ERG was approved and appointed by the court to manage the property during the foreclosure process and represented the lender in the marketing and sale of the property — a key highlight of this transaction that underscores the firm’s trusted reputation and experience handling complex foreclosure and REO dispositions.

The 12,260-square-foot mixed-use property consists of 16 residential units, 5 ground-floor retail spaces, and on-site parking accessible via East 241st Street. The lender was extremely pleased with the outcome and the execution of the process from start to finish.

Aside from managing, ERG Commercial Real Estate handled the full marketing and outreach, ensuring a competitive and transparent sale on behalf of the lender.

This transaction showcases ERG’s hybrid approach — combining property management and brokerage expertise — providing lenders with an efficient and cost-effective solution for distressed assets. The lender was extremely pleased with the streamlined process and strong sale results.

ERG currently has several other foreclosure opportunities on the market. Please contact Mary Guarino to learn more about available assets or to discuss how we can assist with your acquisition or disposition needs.