Download Success Story Here Challenge: American Investment Properties received this assignment through a referral, from a trusted real estate attorney and friend. The seller was fully occupying the property for their HVAC and plumbing parts business. Their goal was to retire soon. This meant they were seeking to sell the business, and the building would [...]
The Long Island market had many commercial real estate transactions in 2021. Here is a list of 10 notable property sales.
Download Success Story Challenge: As the exclusive brokers, we immediately began marketing the 0.53 acre of commercial land, receiving multiple offers within days. It took only 10 days of marketing to get an offer accepted and begin contract negotiations. However, we faced major challenges in this sale due to title and environmental issues. Action: We [...]
COVID-19 forced retailers to become savvier when serving their customers. Here are 5 retail tech trends in 2021 that are here to stay.
American Investment Properties handles $965K sale of 2,190 s/f medical office property in Hicksville
November 02, 2021 Ultimately, Koenigsberg found the right buyer through long-standing and friendly relationships with local brokers. Harris Rousso, of Real Estate Strategies, worked together with Koenigsberg to complete this deal. Rousso’s buyers saw the potential in this property for their dental practices and they purchased the property. Read The Full Story [...]
October 07, 2021 Sandy Xia, a Queens-based real estate investor, purchased a 9,510-square-foot retail building on .31 acres at 208-220 Franklin Ave. in Franklin Square for $1.55 million. Ron Koenigsberg and Dan Amari of American Investment Properties represented the buyer, as well as the New Jersey-based seller, MVM Realty Two LLC. in the sales transaction. [...]
September 28, 2021 An office property in North Bellmore has sold for $1.55 million. A Manhattan-based real estate investment firm, under the entity 2540 Bellmore LLC, purchased the 7,605-square-foot office building on .18 acres at 2570 N. Jerusalem Road. The building is 100 percent occupied by an assortment of medical and traditional office tenants. The sale price for the North Bellmore [...]
September 27, 2021 A retail property in Franklin Square has sold for $1.55 million. Sandy Xia, a Queens-based real estate investor, purchased a 9,510-square-foot retail building on .31 acres at 208-220 Franklin Ave. The five-store property is 100 percent occupied. The sales price equates to a 6.36 percent cap rate. Read The Full Story
September 21, 2021 According to Ron Koenigsberg, CCIM, president of American Investment Properties, the firm closed the sale of 208-220 Franklin Ave. The sale price was $1.55 million, with a cap rate of 6.36%. The 9,510 s/f retail storefront property was purchased by a Queens-based investor. Read The Full Story
The New York Real Estate Journal (NYREJ) sat down with Ron Koenigsberg, this month’s Long Island Executive of the Month.