In The News
Read about American Investment Properties and Ron Koenigsberg in the News. Below you will find links to stories in numerous industry relevant publications and national news outlets.
LIBN Executive Circle 2022 – Ron Koenigsberg
May 16th, 2022 – The award celebrates Long Island-based senior-level executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, commitment to excellence, company performance and community service. More about the Executive Circle Award and Ron Koenigsberg can be found here.
Rocketing rates roil real estate – Long Island Business News
May 13, 2022 – After enjoying a few years of historically low interest rates that fueled a boom in real estate investments, those working in the residential and commercial sectors are dealing with a new reality, as the highest rates in more than a decade begin to slow sales, impact trades and shave yields.
Carle Place post office property sells for $1.535M
David Winzelberg – April 13th,2022
Postal Realty Trust is the first and only publicly traded REIT focusing solely on the acquisition and management of properties leased to the USPS, according to its website. Ron Koenigsberg of American Investment Properties represented the buyer, as well as the seller, Baldwin Properties LLC, in the sales transaction.
American Investment Properties exclusively sells 6-unit retail in North Bellmore for $1.075 million
April 12,2022 – North Bellmore, NY
Ron Koenigsberg brokered the sale after a lengthy marketing process, acting for both the seller and the buyer. The sale price was $1.075 million, with a 5.95% cap rate, and a price per s/f of $250. The buyers were Bhavik Shah, Hitendra Shah, and Kiran Shah. The 4,296 s/f property is on a 0.24 acre lot.
Inked: Recent LI real estate deals
David Winzelberg – April 7, 2022
400 Garden City Plaza, Garden City
The law firm of Sperber, Hoffman, Stein & Scampoli leased 2,406 square feet of office space at 400 Garden City Plaza in Garden City. Ron Koenigsberg of American Investment Properties represented the tenant, while Kraig Silver served as in-house representative for landlord The Treeline Companies in the lease transaction.
North Bellmore retail strip fetches $1.075M
David Winzelberg – March 31,2022
A retail property in North Bellmore has traded for $1.075 million.
The Nassau County-based real estate investment group of Bhavik Shah, Hitendra Shah and Kiran Shah purchased the 4,296-square-foot building on .24 acres at 1497-1507 Bellmore Ave.