Challenge:
American Investment Properties was retained to sell the mixed-use buildings located on Deer Park Ave in Deer Park, NY. The properties totaled 6,141 square feet of combined building space.
Every deal comes with its own unique challenges, and this portfolio was no exception. These buildings combined retail, office, and apartments, which made it more complex than a single-use property. The portfolio also needed work, so we knew we had to find the right kind of buyer — local, hands-on, and willing to invest time and energy into improving the property.
Action:
Visibility and the proper exposure of these properties was key to achieving interest on this listing. The advertising of these properties on the market resulted in over 44,840 total combined views from potential buyers.
American Investment Properties already had a long-term relationship with the seller, which meant trust and transparency were already established. Our job was to structure a deal that accounted for the building’s condition while still delivering value for both sides. At the same time, Dawn Gingold was showing properties to a buyer who turned out to be the perfect fit. He was local, active, and ready to take on a project like this.
Result:
We brought everyone together, adjusted terms to reflect the property’s needs, and got to a number that made sense. The deal closed at $1,500,000. Both buyer and seller walked away satisfied — the seller knew the building was in good hands, and the buyer acquired a property suited to his approach.
This transaction was a great example of what happens when experience, relationships, and persistence come together to solve challenges and deliver results.
View more of our sold properties here.
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