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.