819-821 McLean Avenue, Yonkers, NY
July, 2018- Houlihan Parnes Properties, an affiliate of Houlihan-Parnes Realtors LLC, represented by Jeremiah A. Houlihan, is pleased to announce the refinancing of a first mortgage loan encumbering a 4-story brick apartment building containing 11 apts and 2 retail stores located at 819-821 McLean Ave in Yonkers, NY. The property is ideally located at the corner of Aqueduct and McLean Avenues in the “Lincoln” neighborhood within walking distance to all transportation restaurants, parks and shopping.
The 10-year $2,000,000 loan has a fixed rate of 4.75% payable on a 30-yr amortization basis. The loan, which closed with an Upstate NY-based Savings Bank, is prepayable throughout the term on a declining scale.