Guarino of ERG Property Advisors negotiates $2.65 million sale in the Bronx

ERG Property Advisors LLC completed the sale of 1022-1024 Walton Ave. This property is a six-story elevator apartment building containing 26 apartments and four stores located on the SE corner of Walton Ave. and East 165th St., two blocks from Yankee Stadium. The $2.65 million price represents $85 per s/f, $76,000 per unit, 6.5 times the gross rents and 9% cap rate. The property was exclusively marketed by ERG Property Advisors. Bruce Yukelson of Wolfe and Yukelson was the attorney for the seller, and Yaron Kornblum of Rivkin, Radler LLP was the attorney representing the purchaser.Richard Guarino, managing director and founding partner of ERG Property Advisors, was hired by the private seller as the exclusive broker and negotiated both sides of this transaction.

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Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.

Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10^thSt. in Greenwich Village

Houlihan Lawrence Commercial sells residential development site for $2.1 million

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GFP Real Estate signs Knit Illustrated to 4,051 s/f five-year lease at 247 West 37th St.

GFP R.E. signs Knit Illustrated to 4,051 s/f at 247 West 37th St.

The Feil Organization signs 15-year, 46,000 s/f renewal with Thompson Coburn LLP at 488 Madison Ave.

Feil signs 46,000 s/f renewal with Thompson Coburn at 488 Madison Ave.

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

C&W arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma

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Columns and Thought Leadership

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Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent

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