Houlihan Brokers Commercial Sales in Mamaroneck and Wappingers Falls

Real Estate In-Depth | September 2017

MAMARONECK—Houlihan Lawrence Commercial Group reported recently it brokered the sale of two commercial retail spaces in Mamaroneck.

The neighboring properties, located at 1137 and 1139 West Boston Post Road were sold for $2 million. Bryan Lanza was successful in representing the seller and owner of Elko Auto Repair, a mixed-use building, as well as the next door property currently home to La Gladys Restaurant II Peruvian Cuisine.

The new owners plan to renovate and convert the auto repair shop and lot into a fine car leasing business, while using the restaurant tenant as an income producing investment, according to Houlihan Lawrence Commercial.

Houlihan Lawrence Commercial Group also reported the recent sale of 1418 Route 9D in Wappingers Falls. The 8,400-square-foot. single story, steel constructed industrial building sold for $1.125 million or approximately $134 per-square-foot. The seller was Granite Construction Northeast and the purchaser was Roger Realty. Nicholas Licari, an associate broker with Houlihan Lawrence Commercial Group, represented the seller in the transaction. The Buyer was represented by Geraldine Jennings of Berkshire Hathaway HomeServices Hudson Valley Properties.