As we enter a new era, HGAR remains steadfast in its commitment to serve and support you—through advocacy, professional development, and programs that empower your business.
“Homebuying momentum is building after nearly two years of suppressed home sales,” said NAR Chief Economist Lawrence Yun.
NEW YORK—David Lulgjuraj, asset manager of Houlihan-Parnes Properties, an affiliate of Houlihan-Parnes Realtors LLC, the exclusive leasing agent for 4174-4198 White Plains Road in the Bronx, announced recently the firm has completed four lease transactions totaling 6,350 square feet at the property.
The transactions at the retail strip building located at the intersection of East 233rd Street and White Plains Road, were:
Taco Bell signed a new long-term lease at the property for 1,350 square feet.
Golden Krust, a Caribbean Fast casual restaurant operator, signed a new long-term lease for 1,450 square feet.
McDonald’s renewed its lease for 10 years.
T-Mobile renewed its lease for five years.
“The execution of the leases with Taco Bell and Golden Krust, at the height of the COVID-19 pandemic is a great sign of confidence in retail for the northern Bronx,” said Lulgjuraj, who represented ownership in all of the transactions.
He added, “The building continues to renew existing tenants and attract new ones because of heavy foot traffic, its location at the Number 2 Train subway stop and multiple bus stops. The surrounding area’s dense multi-family mid-rise buildings also bring shoppers to the White Plains Road retailers.”
“Homebuying momentum is building after nearly two years of suppressed home sales,” said NAR Chief Economist Lawrence Yun.
Most of the counties in the HGAR market area are considered “high-cost areas” by the FHFA.
NAR officials noted yesterday that the court heard from all parties as well as objectors and the Department of Justice. Once arguments concluded, the court quickly ruled to grant final approval.
Outdoor space was especially important to movers to the Midwest, while movers to the Northeast were particularly driven by the need for more square footage and a better work commute.
Receive original business news about real estate and the REALTORS® who serve the lower Hudson Valley, delivered straight to your inbox. No credit card required.
