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
September 07, 2021 Koenigsberg’s passion for real estate grew out of his childhood experience of watching his father survey buildings and construction sites. At the time, Koenigsberg had no idea where his passion for real estate would lead him. Today, his passion has led him to a robust real estate career and the founding of [...]
July 06, 2021 Ron Koenigsberg and Bill Katz of AIP marketed the property on behalf of the seller. Koenigsberg and Katz found a buyer through a co-operating broker, Eric Kave, of Meadow Realty Consultants. The buyer will be using this office asset as an investment property. Read The Full Story
May 04, 2021 I acknowledge these are difficult financial and economic times. I have heard you repeatedly stress the time for action is now, and I know one of the options you are considering is eliminating the Internal Revenue Code section 1031 for anyone with an income above $400,000. This consideration is the sole reason [...]
April 28, 2021 The 1031 exchange has been thought of by some politicians as a tax loophole for the ultra-rich by allowing them to essentially avoid paying capital gains tax when selling real estate if it is put into another similar property of equal or greater value within a specific timeframe. Read The Full Story [...]
April 22, 2021 Tariq Khan, a Long Island-based real estate investor, purchased a 6,619-square-foot retail building on .27 acres at 167-179 Franklin Ave. in Franklin Square for $1.15 million. Ron Koenigsberg of American Investment Properties represented the buyer, as well as the seller, Barth Family LLC, in the sales transaction. Read The Full Story [...]
April 06, 2021 “Our team remained undeterred, exposing the property during buyer and economic uncertainty from the COVID-19 shutdown,” said Koenigsberg. “As a result, we secured a local investor who owns many properties on Long Island. We worked with them and lending institutions to close on 167-179 Franklin Ave., Franklin Sq.” Read The Full Story [...]
April 06, 2021 We expect vaccine supply, growth of people inoculated, and the easing of CDC guidelines to change the narrative. Hopefully this allows for businesses to re-open, restaurants to hire more workers, offices to fill with more employees, and many other things. While these changes won’t happen overnight, it’s one way for us to [...]
