Bronx NY According to Bryan Houlihan and James Houlihan of Houlihan-Parnes Realtors, LLC, the surface parking lot located at 2519-2525 Creston Ave., facing St. James Park has sold. The property was purchased by Radson Development who plans to develop a 12-story affordable housing project. As part of the transaction, Radson Development will return to the seller a condominium interest in a commercial parking garage at the property. The lot on Creston Ave. had been purchased by the seller in the early 2000’s as part of their acquisition of 2501 Grand Concourse, the former Alexander’s and Caldor Department stores. The building was successfully converted to a multi-tenanted retail and office building and the Creston lot has become an invaluable asset to the tenants of the building. The price was not disclosed.
Houlihan Parnes, Realtors, LLC is a privately owned, vertically integrated commercial real estate investment and management firm, with a presence throughout the United States. Owning more than 7 million square feet of office, retail and industrial space, the firm also owns or manages approximately 10,000 multifamily units. Founded in 1891 and operated by the fourth and fifth generations of the Houlihan family, the company is headquartered in White Plains, NY. The firm is engaged in acquisition, property and construction management, consulting services, leasing and mortgage brokerage for all commercial real estate asset classes, both for the company’s portfolio and for third parties. Houlihan-Parnes’ mortgage brokerage affiliate, Q10 New York Realty Advisors, is a member of Q10 Capital, LLC, a leading commercial mortgage brokerage consortium with 20 offices in 19 states nationwide.