In the News
Read about American Investment Properties and Ron Koenigsberg in the News. Below you will find links to stories in numerous industry relevant publications and national news outlets.
Koenigsberg of AIP arranges $2.137m sale of Smith West Plaza; sold to Summit Blossom as part of a 1031 exchange
September 05, 2017
Smithtown, NY American Investment Properties Inc. (AIP) arranged the sale of the 7,200 s/f Smith West Plaza retail center for $2.137 million.
The property, 1041 W. Jericho Tpke., constructed on one acre in 1987, was sold to Summit Blossom LLC, of Flushing, as part of a 1031 exchange, by Smith West Plaza LLC. The price amounted to $205 per s/f with a cap rate of 6.4%, based on actual income…
American Investment Properties and NYREJ hold Long Island CRE summit; Panelists offered an upbeat outlook
August 01, 2017
Plainview, NY A panel of real estate and other professionals offered an upbeat outlook for Long Island at American Investment Properties’ and the New York Real Estate Journal’s first Long Island Real Estate summit.
Speakers at the “Future of Long Island CRE” summit pointed to increased migration of manufacturing business from NYC, the growth of transit-oriented residential development and the need for a greater diversity of housing stock,…
July 04, 2017
Garden City, NY Ron Koenigsberg, CCIM, President of American Investment Properties received the Commercial Broker of the Year award from the Long Island Business News at the 2017 Real Estate and Development Awards.
Koenigsberg sold about $47 million worth of commercial real estate in 2016, which included 246,515 s/f of commercial space. Among his noted deals included the…
July 21, 2017
Last month Long Island Business News’ David Winzelberg crafted a cover story entitled “Remaking Retail” that featured American Investment Properties’ President Ron Koenigsberg. The story focused on ways in which Long Island retail properties are adapting to meet the ever-changing needs of the retail market to remain resilient.
Winzelberg quoted Koenigsberg, “Long Island is outperforming the national average in regards to occupancy rates and the retail sector should continue to prosper as long as it continues to adapt.”
The story goes on to discuss e-commerce and the larger brick-and-mortar conversation, as it is well known that the Internet is visibly changing the way retailers do business.
October 28, 2013
Bethpage, NY Ron Koenigsberg of American Investment Properties represented the sale of the Pasta Time Plaza at 4270-4294 Hicksville Rd., along with Joe Palazzotto of Realty Plaza Commercial Brokerage. The 10,050 s/f retail building sold for $2.75 million ($273 per s/f). This sale price was achieved as a result of teamwork and experience. The buyer, a Nassau County real estate developer and investor, purchased the property from the owner, a owner and investor from Queens.
American Investment Properties prides itself on producing the best possible atmosphere for negotiation. Successfully matching the right buyer and seller takes years of experience and knowledge.
With its aggressive and competitive buyers, expertise and commitment to the sale of commercial real estate, American Investment Properties prevails as the leader in commercial real estate on long Island.