Houlihan Lawrence closes two deals totaling $13.5 million

Michael Rackenberg, Houlihan Lawrence Commercial Group

Manhattan, NY Michael Rackenberg of Houlihan Lawrence Commercial Group recently closed on a milestone deal in a Chelsea mixed-use building at 137 West 19^th St. Listed by Douglas Elliman and Rand, Westchester-based Houlihan Lawrence Commercial Group brought the buyer who won the property for $10.5 million.

With six stories – first floor retail; second, third, fourth floors office space; and, fifth and sixth floor residential duplex – possibilities for this building are endless. Currently, the buyer plans to keep the building as-is.

“While Houlihan Lawrence is well rooted in the areas north of New York City, our services and reach span well beyond,” said Rackenberg. “We are proud to be part of such an exciting deal in lower Manhattan and look forward to conducting more business in the area.”

Garry Klein, Houlihan Lawrence Commercial Real Estate Group

Additionally, Garry Klein of Houlihan Lawrence Commercial Group closed on 20 South West St. in Mount Vernon for $3 million. Klein represented the seller and buyer of the mixed-use property. The buyer is planning to use the site to develop a residential tower, with retail at the base.

“This is an exciting deal for both Houlihan Lawrence Commercial Group and the surrounding community,” said Klein. “Mount Vernon is undergoing a revitalization boom and we are happy to be involved with its progression.”

According to Houlihan Lawrence Commercial Group, the half-acre development site has direct platform access to the Mount Vernon West Metro-North station, along the Harlem line.

Houlihan Lawrence Commercial Group, a full-service division of renowned brokerage Houlihan Lawrence, specializes in investment opportunities, office condominiums and leasing, industrial and retail sales and leasing, land acquisition and development as well as municipal approval consultation. Armed with 20 highly experienced agents across New York City, Westchester, Putnam, Dutchess and Fairfield Counties, the Commercial Group boasts unparalleled insight, expertise and service. Complete with a database of international buyers and sellers, Houlihan Lawrence Commercial Group effectively markets commercial properties and investment opportunities on a global scale.