New York, New York (PressExposure) March 06, 2012 -- 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.
About ERG Property Advisors
Founded by real estate industry veterans with over 50 years of combined experience, ERG Property Advisors offers not only exceptional service to clients, but also an exceptional work environment to our employees. Our innovative team structure encourages ERG brokers to work collaboratively with one another. "Real estate is already a very competitive market", says CEO Jim Kinsey, "so, at ERG we want our brokers to work with one another instead of against one another. We believe that internal collaboration is key to a healthy work environment and better client service."