There has been a true revitalization of downtown Patchogue in recent years. The heart of the village of Patchogue is the Four Corners area at the intersection of West Main Street and North Ocean Avenue. The number of new changes and developments has been truly attention grabbing. This dramatic revitalization effort began in 1999 with the [...]
While this is not ground breaking news and likely comes as little surprise, the exodus of Long Island’s young adults is a serious issue and deserves attention. Many affluent Long Island suburbs are losing their young workforce at a dramatic rate, and advocates are blaming a lack of affordable housing, high cost of living, and frustration [...]
Currently, there is no bridge from Long Island to Connecticut and recent plans have come to a stop. The Long Island Sound Link was a proposed bridge or tunnel that would connect Long Island to Westchester, New York or Connecticut across the Long Island Sound. The most recent proposal involves a tunnel between Rye, New York, [...]
Click here to read the full version of the Koenigsberg Long Island Bulletin March 2014 Edition
Click to Download the PDF version of the Koenigsberg Long Island Bulletin February edition
The Difference Between Getting a Deal Done & a Deal Falling Apart Banks are the backbone of business, and they certainly are the fuel for commercial real estate transactions. This fact cannot be disputed. In 2007, the US economy entered a mortgage crisis that brought about a sustained and significant panic and financial turmoil that reverberated [...]
Click to Download the PDF version of the Koenigsberg Long Island Bulletin - January edition
The vacancy rate in the Long Island office market, which includes both Nassau and Suffolk County, is improving. By the end of the 3rd quarter of 2013, the vacancy rate stood at 10%. This is down from the 10.3% statistic we saw at the end of the second quarter. In other words, the numbers are definitely [...]
It is no secret that the Long Island residential real estate market isn’t exactly at historic highs. We at American Investment Properties often have our clients asking us how this phenomenon in the residential market impacts the commercial real estate market on Long Island? In short, the answer is not much. Office Market Recent Vacancy Rates [...]
