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ERG Commercial Real Estate recently facilitated the successful sale of a 16-unit multifamily property in Yonkers for $2.3 million. The identities of the buyer and seller have not been disclosed.

This fully rent-stabilized four-story building, constructed in 1927 and located at 15 Locust Hill Avenue, boasts a total area of 12,544 square feet. With an impressive selling price of $138,235 per unit and $187 per square foot, this property is truly a valuable investment.

Expertly representing both parties involved was Mary Guarino from ERG Commercial Real Estate. This transaction showcases our team’s expertise in handling complex real estate deals with utmost professionalism.