Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
Real estate does not thrive in uncertainty. It thrives in predictability. Buyers want to know what the future holds for taxes, schools, infrastructure, interest rates and public safety.
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.
Leasing activity surged this quarter to over 360,000 square feet, a 45% increase from the first quarter of this year, with renewals representing 57% of executed transactions.
The One Big Beautiful Bill Act includes multiple NAR-championed provisions designed to support homeownership, drive investment in housing supply, and strengthen the real estate economy.
The report noted that in Westchester County, the luxury segment remains particularly strong, with significant buyer activity in the $2-million-and-above category.
Legislative decisions at every level of government impact how we do business, safeguard private property rights, and help our clients achieve the dream of homeownership.
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