821 Mclean Ave, Yonkers, NY

September 2021: 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 on the “Miracle Mile” of McLean Avenue, within walking distance to restaurants, parks, and shopping, and is also ideally located near major highways & transportation.

The five (5)-year $3,000,000 loan has a fixed rate payable on a 30-yr amortization basis with a renewal option for an additional five (5) years. The loan, which closed with an Upstate NY-based Commercial Bank and is pre-payable throughout the term on a declining scale.