Coleman of HP/iCap Realty completes the $2.8 million sale of a 10,500 s/f building; Also arranged the financing

James Coleman of Houlihan Parnes/ iCap Realty Advisors has arranged the purchase of a two-story mixed-use building located at 217 East Hartsdale Ave. The property is located in the business area of the town and is adjacent to the Metro North train station. The building was built in 1961 and contains 10,500 s/f and has four retail tenants along with four office tenants. Coleman also handled the arrangement for the financing for this sale. The loan amount was $2.8 million with a 5.75% interest rate for five years with a five year option through Signature Bank. Houlihan-Parnes/iCap Realty Advisors is a nationally affiliated, multi-faceted real estate investment company. Its companies and affiliates are engaged in the acquisition and ownership of all types of commercial real estate investment property in the continental U.S.