Challenge:
American Investment Properties was exclusively retained to sell ‘820 Plaza’ located at 820-826 E Jericho Tpke in Dix Hills, New York. The retail strip totals 4,300 square feet and is located near the Walt Whitman Shopping Mall.
The building was 75% leased. We knew we had to find a savvy investor with the ambition to lease-up the vacant space.
Action:
Once we obtained a signed exclusive right-to-sell agreement, our team quickly brought the asset on the market for sale. Our exposure efforts included email marketing, social media, and online listing advertisements.
Our sales associates also presented this offering to their buyer pool and existing relationships.
The team effort resulted in over 36,000 total views and over 290 buyers viewing the property information online.
Our President, Ron Koenigsberg, advised the seller on the best terms to accept. The best offer came from a Nassau County-based real estate investor who is also a repeat customer of American Investment Properties.
Result:
The seller accepted the $1,150,000 all-cash offer. Ron Koenigsberg successfully represented both the buyer and the seller in this transaction.
- Sold Price: $1,150,000
- Price PSF: $267
View more of our sold properties here.
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