
Rye Brook, NY Houlihan Lawrence Commercial, a division of Houlihan Lawrence, completed the retail lease-up of 215 South Ridge St.
The landlord and tenant was represented by Garry Klein, regional manager of Houlihan Lawrence Commercial. The tenant will be renovating and upgrading the2,511 s/f space to continue the use as a nail salon. This location is across from Rye Ridge Shopping Plaza with dozens of national retailers and medical offices.
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,