1506 Overing Street

Property Name: 1506 Overing Street
Location: Bronx, NY
Property Type: Apartment/Multi-Family
Transaction Type: First Mortgage
Loan Amount: $1,000,000
Details: Houlihan-Parnes Properties is pleased to announce the placement of a $1,000,000 underlying co-op first mortgage for 1506 Overing Street in the Bronx, NY. Located in the “Westchester Square” neighborhood of the East Bronx, the 5-story co-op building is situated at the northwest corner of Overing Street and Frisby Street. The property is a double-wing, walk-up apartment building containing 30 co-op apartments. The ten-year loan has a fixed rate of 4.125% with a 30-year amortization schedule. The loan was closed with a national bank with a strong regional presence. The Co-Op was represented in the transaction by Alan Snider, Esq.
More Info: James J. Houlihan at 914-694-6070 or contact me