News: Brokerage

Houlihans of Houlihan & O’Malley represent seller in $7.05 million sale

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.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

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

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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.