Challenge:
American Investment Properties was retained to sell the vacant medical office building located on Jerusalem Ave, Uniondale, NY. The building totaled 6,500 square-feet of space.
The primary challenge with selling this property was the condition of it. The building had been vacant for over three years, resulting in a leaking roof and severe disrepair. Furthermore, the property had limited parking, making it less attractive. Despite previously being listed with the largest commercial real estate brokerage company globally, the property remained unsold, adding to the complexity of the assignment.
Action:
Visibility and the proper exposure of this property was key to achieving interest on this listing. The advertising of this property on the market resulted in over 66,950 total combined views from potential buyers.
We worked diligently to identify and engage the right buyer. Our team understood that finding the ideal purchaser for such a challenging property required an aggressive and strategic approach.
Result:
AIP successfully sold the property for $810,000 to an all-cash buyer and user. Our dedication to the assignment, coupled with our expert marketing tactics, enabled us to overcome the challenges that had stalled the sale for years.
View more of our sold properties here.
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