115-117 Stevens Avenue, Mt. Pleasant, New York

April 2019- Andrew Greenspan, James J. Houlihan and Bryan Houlihan of Houlihan-Parnes Realtors, LLC and GHP Office Realty are pleased to announce the placement of a first mortgage in the amount of $15,000,000 on two properties located at 115-117 Stevens Avenue, Mt. Pleasant, New York. The complex contains a total of 182,630 rentable square feet that is managed and leased by GHP Office Realty. The properties are conveniently located 10 minutes from Downtown White Plains and are within close proximity to Interstates 287 and 684. Since acquiring the property in 2018, GHP Office Realty has invested substantial capital in capital improvements and has worked diligently to lease vacant space. The fixed rate loan was placed with a local bank at an initial interest rate of 3.85% for a term of 15 years. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorney.