Ron Koenigsberg, President (left) and Dan Amari, Sales Associate (right)
David Winzelberg – September 27th, 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.
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.
This story was featured on Long Island Business News.
To learn more about the sale of 208-220 Franklin Ave, Franklin Square. Click here.