Houlihan-Parnes Completes $1.35M First Mortgage for Bronx Apartment Building

NEW YORK—Houlihan-Parnes Realtors LLC has completed a $1.35 million underlying first mortgage on 3311 Giles Place, a seven-story, cooperative apartment building located in the Kingsbridge Heights section of the Bronx.

The 10-year, par loan has a fixed interest rate on a 30-year amortization schedule. The borrower was represented in the transaction by Norman Himmelfarb of Himmelfarb & Sher LLP.

Constructed in 1962, the property is located at the northwest corner of Fort Independence Street and Giles Place. The building contains two elevators and 99 apartments, many of which include terraces.

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