News:
Brokerage
Posted: March 15, 2016
Houlihans of Houlihan & O’Malley represent seller in $7.05 million sale
Dan Houlihan, Houlihan & O’Malley Real Estate Services Inc.
9-10 Alden Place - Mt. Vernon, NY
Gerry Houlihan, Houlihan & O’Malley Real Estate Services Inc.
Mt. Vernon, NY According to Houlihan & O’Malley Real Estate Services Inc. the firm has sold 9-10 Alden Pl. and 5 Alden Pl. for $7.05 million.
Dan and Gerry Houlihan with Houlihan & O’Malley Real Estate Services represented the sellers, 9-10 Alden Place, LLC, and 5 Alden Place, LLC. The closing took place on February 10.
Edward Freidman, Esq. with Novick Edelstein was the attorney for the sellers. Tom Tassone acted on behalf of the buyer, 100 Alden Place LLC.
9-10 Alden Pl. is a residential four story Colonial style building with 18 apartments. Built by the Lawrence family, circa 1930. Penrose Stout was the architect. 5 Alden Place consists of two garage buildings with a total of 24 parking spaces.
Gerry Houlihan said, “This was a very unique property in excellent condition which was reflected in the sale price.”
Houlihan & O’Malley is a full-service real estate firm, providing commercial brokerage services in Westchester and the Metropolitan area. Its residential brokerage division specializes in houses, co-op and condominium sales in lower and mid-Westchester County. The firm also provides valuation services for commercial properties as well as private funding for a variety of real estate transactions.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
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
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,
A fresh start - by Shallini Mehra and Amit Doshi
For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,
