2825 John F. Kennedy Boulevard, Jersey City NJ

Bryan J. Houlihan of Houlihan Parnes Realtors, LLC, is pleased to announce the placement of a first mortgage in the amount of $2,200,000 on a 10,005 square foot multi-tenanted retail building at 2825 John F. Kennedy Blvd, Jersey City NJ. The property consists of 5 retail tenants, a roof-mounted billboard, and a 6,000-sf open parking lot.

Houlihan-Parnes, LLC was able to negotiate favorable terms with a local bank for the loan. The loan was placed with a fixed rate of 6.64% on a 5-year term. The borrower was represented by Elizabeth Smith of Goldberg Weprin Finkel Goldstein, LLP and title was placed by First American Title Insurance Company.

Houlihan-Parnes Realtors, LLC is a privately owned, vertically integrated commercial real estate investment and management firm. Owning approximately 6 million square feet of office, retail, warehouse and industrial space, the firm also owns and/or manages approximately 15,000 multifamily units. Founded in 1891 and operated by the fourth and fifth generations of the Houlihan family, the company is headquartered in White Plains, NY. The firm is engaged in acquisition, property and construction management, consulting services, leasing, investment sales and mortgage brokerage for all commercial real estate asset classes, both for the company’s portfolio and for third parties. For more information, please call James J. Houlihan at 914-641-4324 or email: jjh@houlihanparnes.com.