News:
Brokerage
Posted: May 12, 2014
Hendy and McCulloch of Houlihan Parnes Realtors place $1 million loan on 123-129 Halstead Avenue
Rich Hendey and Steve McCulloch of Houlihan Parnes Realtors, LLC have placed a $1 million loan on 123-129 Halstead Ave. located across the street from the Mamaroneck train station. The non-recourse loan was done at par and has a fixed rate of 4% for a period of five years with a 30 year amortization schedule. The Borrower has a five year option to renew. The recent façade renovation and upgrade to the common areas enabled the owners to attract a stable mix of office and retail tenants to further increase the value of this asset. The loan was placed with a regional bank and the borrowers were represented by John Nickelsberg of the law firm Rabine & Nickelsberg.
Tags:
Brokerage
MORE FROM Brokerage
TF Cornerstone inks Hanover Park lease and PMG Worldwide expansion at 387 Park Ave. South
Manhattan, NY New York City real estate development firm TF Cornerstone (TFC) has completed 100,000 s/f of leasing activity over the past year at 387 Park Ave. South, highlighted by a new lease with Hanover Park and the expansion and extension of PMG Worldwide totaling more than 58,000 s/f.
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
A guide to finding the right NYC property management company - by Sanjay Gandhi
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
.gif)
September Promotion
