111 North Broadway, Irvington, NY

July 2021: Jeremiah A. Houlihan and James K. Coleman of Houlihan-Parnes Properties have arranged 1st mortgage financing in the amount of $2,362,500 for a 3-story brick apartment building containing 17 apartments in Irvington, NY.  Formally a stately mansion, there is a gross floor area of 11,000 square feet with on-site parking for 24 vehicles.

The property is located along the western side of North Broadway (US Route 9), one mile south of the Cross-Westchester Expressway (I-287), in the Village of Irvington, Town of Greenburgh, Westchester County, NY.

The Loan was placed with a Westchester Savings Bank for a 5-year term plus 5-year option at a competitive interest rate with a 6-month interest only component on a 30-yr amortization schedule.