In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking.
Leveraging advanced AI tools and real-time validation checks, agents can reduce listing creation time by up to 82%.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking.
WHITE PLAINS—Houlihan Lawrence Commercial, a division of Houlihan Lawrence, has announced the recent sale of a fully approved 12-unit multifamily development site located at 60 S. Kensico Ave. in White Plains. The purchase price was $1,030,000.
The purchaser was represented by Garry Klein, Regional Manager of Houlihan Lawrence Commercial, and the seller was represented by Rahul Soni, Principal Broker of NestEdge Realty.
The purchaser, Larry Regan of Regan Development Corporation, will be developing the site with a three-story building consisting of 12 units of affordable housing with covered parking. Funding for the project will come from a variety of sources, including the City of White Plains Affordable Assistance Fund, New York State Homes and Community Renewal, Westchester County New Homes Land Acquisition Fund, Westchester County’s Housing Flex Fund and Webster Bank.
The 8,712-square-foot site, formerly used as a parking lot, will now provide much-needed affordable housing to the community, Houlihan Lawrence Commercial officials stated. The new, modern designed building will consist of three studio apartments and nine one-bedroom apartments available to households whose incomes are at or below 50% and 60% of the Westchester County Area Median Income.
In his new role, Irace will focus on cultivating strategic partnerships, recruiting new investment to the region, and promoting development opportunities.
Leveraging advanced AI tools and real-time validation checks, agents can reduce listing creation time by up to 82%.
This year's winners were William “Bill” Flagg, Realtor, ERA Queen City Realty, Scotch Plains, NJ; Ennis Antoine, Managing Broker, Keller Williams West Atlanta, Atlanta, GA; and Greg Kiely, Cape Cod, MA.
At times of great uncertainty, consumers may put off making big decisions like buying a home or car, and businesses may delay investing until they have a better sense of what the future holds.
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.
