Edwin Gerges Acquires Mixed-Use Property On Mount Vernon Avenue For $1.2M

A mixed-use property located at 119 Mount Vernon Avenue in Mount Vernon was recently sold. The transaction, which took place on 05/31/2024, involved a sale price of $1,200,000 for a building spanning 7,500 square feet, resulting in a price per square foot of $160. The property was acquired by Edwin Gerges from the seller John Fortugno.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,200,000
• Address: 119 Mount Vernon Avenue
• Market: Mount Vernon
• SF: 7,500
• Buyer: Edwin Gerges
• Seller: John Fortugno
• Brokers: Michael Scrima, Thomas Gorman Jr. & Edward McCarthy - Redwood Realty Advisors

The deal was facilitated by Michael Scrima, Thomas Gorman Jr., and Edward McCarthy of Redwood Realty Advisors, who served as the brokers representing the parties involved in the transaction. These individuals played a crucial role in ensuring a successful sale of the mixed-use property in Mount Vernon.