Selling Commercial Real Estate in Long Island - New York and more!
NYREJ – AIP sells 10,000 s/f mixed-use for $1.75 million
November 8th, 2022 – East Northport, NY – American Investment Properties (AIP) was exclusively retained to sell 2 Larkfield Rd. The mixed-use building totals almost 10,000 s/f and is located next to the Northport train station.
There were 60% of tenants with leases expiring within a year’s time. AIP knew they had to find an all-cash buyer to achieve the ideal sale, since the expiring rent roll made it difficult for lenders to provide financing.