News:
Brokerage
Posted: April 8, 2025
Houlihan Lawrence Commercial
sells two properties - $4.3 million
White Plains, NY Houlihan Lawrence Commercial has brokered two sales totaling $4.3 million of commercial properties.
In downtown, the former Hyundai automotive dealership building located at 130 Westchester Ave., sold for $3.35 million in an all-cash transaction. The 4,500 s/f building is situated on a 12,600 s/f lot. The property is located near the entrance and exit of the Cross Westchester Expwy. (I-287) and across the street from the Westchester Mall.
The property, which was most recently a used car dealership, was purchased on an as-is, non-contingent basis. The owner is an investor who will be seeking his own tenant.
Both the seller and purchaser were represented by Andrew Grossman, licensed salesperson and Garry Klein, associate broker and regional manager at Houlihan Lawrence Commercial.
In downtown Yonkers, Houlihan Lawrence Commercial handled the sale of 4-8 Warburton Ave. for $970,000. The elevatored building has three floors of vacant office space. The ground floor has 5,500 s/f of retail space leased to a specialty market. The buyer envisions restoring the 1908 structure with 8,500 s/f of office space.
Jeffrey Landsman, associate broker for Houlihan Lawrence Commercial, represented the buyer.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
.gif)
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
.gif)