Description

ERG Commercial Real Estate is proud to announce the recent sale of a three-story brick multifamily building in the Corona neighborhood. The six-unit rent stabilized building contains a total of 4,350 SF.

It sold for a cap rate of 5.5% and $163,333 price per unit. The building features five, two-bedroom apartments and one, one-bedroom.

ERG’s Managing Director, Ryan Lewis, represented both the seller and buyer.