ERG Announces Availability of Five-Story Loft Building on Lower East Side

New York, NY, March 10, 2012 --(PR.com)-- ERG Property Advisors recently announced the availability of 55-57 Canal Street,AKA 11-13 Orchard Street, in New York, NY. The property is located on the northwest corner of Orchard and Canal Streets.

The property is a five-story loft building with an elevator and a full basement. It is approximately 6,875 square feet and is situated on a 1,375-square-foot lot. In addition, a total of 1,403 square feet of air rights is available for further development.

The building is currently occupied with a NN lease tenant. The lease will expire on December 31, 2012. The property will need total gut renovation.

The property is located on an excellent corner on the Lower East Side with superb retail visibility.

For more information about this property, please contact James Kinsey at (646)253-0923 or Clinton Botway at (646) 253-0930.

About ERG Property Advisors

ERG Property Advisors is a full-service commercial brokerage company based in New York City. Our core activities are investment sales, retail leasing, and strategic consulting. While focused on the broader New York City area as a company, ERG also offers specific market knowledge at the submarket level. Beyond core New York City properties, ERG has access to a vast network of Triple Net properties throughout the United States. In addition to assisting property owners and prospective buyers, ERG provides banks, appraisers, attorneys, and accountants with information and skill sets that support them in their respective roles. Through strategic alliances with select companies we are able to offer our clients access to financing and financial market information, residential rental and sales brokerage services, and property management services.

###