Challenge:
The biggest challenge we faced when selling this property was that only 2,200 sq. ft. of truly marketable space was located on the main floor. The additional 1,900 sq. ft. was located in the basement—fully built out, functional, and actively used as medical space, but still not considered “marketable” in the traditional sense.
For many buyers, that split could have been an immediate drawback. Instead, we turned it into a competitive advantage.
Action:
From the moment our team received the exclusive right-to-sell agreement, we quickly brought the property to the market. The team effort resulted in over 66,415 total views and over 203 buyers viewing the property information online.
We positioned the property as a high-efficiency medical opportunity in the heart of Western Suffolk County, surrounded by strong demographics and benefiting from 44,128 cars per day on Deer Park Ave. Our sales associate, Dawn Gingold, showed the property to numerous buyers and was available at all times to fulfill the incoming listing activity.
Dawn frequently communicated to the seller any updates. She notified the seller of how many views the listing received, the potential buyers, and advised throughout the multiple incoming offers. Dawn remained attentive to the seller’s needs and successfully got the transaction closed.
Result:
This medical office building sold at $1,275,000. American Investment Properties successfully represented both parties involved in this transaction and we closed the deal at $579.55 price per square foot.
View more of our sold properties here.
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