135-39 120 Street, South Ozone Park, NY

March 2021: Jeremiah A. Houlihan of Houlihan-Parnes Properties have arranged the acquisition financing of 2-story brick single-family house containing 2,240 square feet built 1945, situated on a 4,000 square foot lot and located at 135-39 120th Street, in South Ozone Park, NY.  The property is near State Route 27, the Belt Parkway & JFK Airport.  The Van Wyck Expressway (I-678) intersects with the Belt Parkway about a mile southeast of the property.

The property was purchased for $790,000 and a Lending Group of Houlihan-Parnes Properties provided a 24-month 1st Mortgage Loan of $400,000 (51% LTV) which enabled the buyer to close quickly.  The Lender was represented by Alan Snider, Attorney at Law in Scarsdale, NY.