172 Dyckman Street, New York, NY
June 2021: James J. Houlihan and Bryan J. Houlihan of Houlihan-Parnes Realtors, LLC, are pleased to announce the refinance of the first mortgage in the amount of $3,300,000. on the 10,000sf retail property located at 172 Dyckman Street in the Inwood section of Manhattan, New York. The property is owned by long time partners ISJ Management and Houlihan Parnes Realtors and has remained cash flowing despite the strains of COVID-19 pandemic.
Houlihan-Parnes was able to negotiate favorable terms with a local bank for the the loan. The loan was placed with a fixed rate of 3.5% with the first 24 months of the 5-year term at Interest Only with the ability to extend the loan for an additional 5 years. The borrower was represented by John Hogan of Goldberg Weprin Finkel Goldstein, LLP.