M id A tlantic Real Estate Journal — Owners, Developers & Managers — June 2026 — 33
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O wners , D evelopers & M anagers 3-story, former mansion located in Irvington, NY Houlihan-Parnes Properties arranges sale of apt. building
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RVINGTON, NY — Jer- emiah A. Houlihan & James K. Coleman of Houlihan-Parnes Proper- ties have arranged the sale of three-story brick apartment building located at 111 North Broadway in Irvington. For - mally a stately mansion, there is a gross floor area of 11,000 s/f containing eighteen apart - ments, storage areas, & utility meters. There is more than ample parking on-site for over 25 vehicles. The property was sold by a I
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111 North Broadway in Irvington, NY
Westchester-based invest - ment group for a price of
$3,650,000.00 represented by Houlihan. MAREJ
Trophy CRE closes newly built 3-unit mixed- use multifamily property in Philadelphia, PA
On the financial side, Trophy CRE arranged financing for a 30-unit, 23,441 s/f multifamily property in Norristown, PA. The loan was secured through a regional banking relationship and structured with attractive long-term debt, cash-out proceeds and opera - tional flexibility. Deal terms included a 5.52% fixed interest rate, five-year term, 25-year amortization, structured prepayment pen - alty, recourse and regional bank execution. MAREJ
PHILADELPHIA, PA — Trophy Commercial Real Estate announced the clos - ing of 601 N 39th St., a newly built three-unit mixed-use multifamily property located at the corner of 39th St. and Haverford Ave. in West Phila- delphia. The asset totals 3,420 rent - able s/f, comprising two three- bedroom residential units and one ground-floor commercial space. Delivered fully vacant, the property offered investors immediate control over leasing
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601 N 39th St.
strategy and repositioning. Investment Highlights: • Delivered Fully Vacant – Immediate lease-up oppor - tunity • Built in 2020 – Modern construction with minimal near-term capex
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