The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
The buyer was Dempsey Investment LP. The seller was MSB Halstead Holdings.
HARRISON—Houlihan Lawrence Commercial, a division of Houlihan Lawrence, announced recently it had brokered the sale of a triple-net (NNN) retail building located at 307 Halstead Ave. in Harrison. The sale price was $3.6 million.
The seller was represented by Mike Rackenberg, Managing Director of the Commercial Division. The buyer was Dempsey Investment LP. The seller was MSB Halstead Holdings.
The property is located directly across from the Avalon Harrison and includes tenants Café Deux and The Pureganic Café. The 5,000-square-foot building traded for $720 per square foot and a 5.5% cap rate, both of which are record-setting numbers in the town of Harrison.
The buyer will enjoy the income that is generated from two tenants with long-term leases and solid local businesses, Houlihan Lawrence Commercial officials stated.
The mayor’s veto puts the $4-billion project to be built at Bally’s Golf Links at Ferry Point in the Bronx back in the running among six other applicants for up to three downstate gaming licenses.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) decreased to 6.83% from 6.84%.
Cappelli estimated that with the NYPA project, the total Hamilton Green development cost will be approximately $900 million.
Pending sales in the Northeast increased incrementally even though home price growth in the region has been the strongest in the country.
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