Newswire Residential

ERG Brokers Sale of Two Bronx Multifamily Buildings

ERG Commercial Real Estate brokered the sale of two adjacent multifamily buildings in the Pelham Bay neighborhood of the Bronx for $1.3M.

The buildings, at 3037 and 3039 Roberts Avenue, are free market buildings built in 1927.

3037 Roberts Avenue is a two-unit building and 3039 Roberts Avenue features four apartments. Together they total 4,856 square feet.

“The buyer was aggressively pursuing free market smaller multifamily buildings in the Bronx. Delivering the property vacant allows the buyer to immediately rehab the property adding value,” said ERG’s Ryan Lewis, who along with Anthony Flaccomio represented the both the buyer and the undisclosed seller of the buildings.

The buildings are located in the heart of the Pelham Bay section of the Bronx, two blocks from the #6 Subway Station and one block from a main retail corridor, with easy access to the Bruckner Expressway and the Hutchinson Parkway.