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Houlihan Lawrence announces $10.35 million property sale

The property sale is the largest commercial transaction in Rye in 2017. Contributed photo

In what was the largest commercial transaction in Rye in 2017, Houlihan Lawrence’s Commercial Group has announced the completion of the sale of a portfolio of five multi-family properties in Rye to a group of local investors. The purchase price was $10.35 million.

The properties include 240-242 Purchase Street, 237 Purchase Street, 132-134 Wappanocca Ave., 193-195 Purchase Street and 199 Purchase Street/2 Natoma Street. The properties, which total 13 units, are all within walking distance of the Rye Metro-North train station.

The seller was Georgio Home, a custom home builder in Rye. Michael Rackenberg from Houlihan Lawrence Commercial Group represented the seller in the transaction.

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