5 Multi-Family Properties Sold For $10M In Rye

RYE, NY — 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 $10,350,000.

The properties include 240-242 Purchase St., 237 Purchase St., 132-134 Wappanocca Ave., 193-195 Purchase St. and 199 Purchase St./2 Natoma St. 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.

Photo credit: Submitted.