170 Hamilton Avenue, White Plains, NY

January 2020 – Bryan Houlihan, Christie Houlihan, and Rachel Greenspan, of Houlihan-Parnes Realtors, LLC and GHP Office Realty are pleased to announce the placement of a new first mortgage in the amount of $7,000,000 on a property located at 170 Hamilton Avenue, White Plains, New York. The property is located in the heart of downtown White Plains just steps away from Metro North Railroad station, the White Plains Courthouse and the busy retail/restaurant corridor along Mamaroneck Avenue. The property is improved with a 61,097 square foot three story office and retail building with 15 tenants which is managed and leased by GHP Office Realty. The loan was placed with a local bank at an interest rate of 3.875% for a term of 7 years on a 30-year amortization schedule. The loan features a renewal option and flexible pre-pay schedule. The title was arranged by John Hughes of Great American Title Agency. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP, as attorneys.