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.
American Investment Properties sells 3,443 s/f office property for $925,000
July 06, 2021
Ron Koenigsberg and Bill Katz of AIP marketed the property on behalf of the seller. Koenigsberg and Katz found a buyer through a co-operating broker, Eric Kave, of Meadow Realty Consultants. The buyer will be using this office asset as an investment property.
An open letter to the President regarding 1031 exchanges – by Ron Koenigsberg
May 04, 2021
I acknowledge these are difficult financial and economic times. I have heard you repeatedly stress the time for action is now, and I know one of the options you are considering is eliminating the Internal Revenue Code section 1031 for anyone with an income above $400,000. This consideration is the sole reason why I am writing to you today.
Koenigsberg: An open letter to Biden on saving the 1031 exchange
April 28, 2021
The 1031 exchange has been thought of by some politicians as a tax loophole for the ultra-rich by allowing them to essentially avoid paying capital gains tax when selling real estate if it is put into another similar property of equal or greater value within a specific timeframe.
Inked: Recent LI real estate deals
April 22, 2021
Tariq Khan, a Long Island-based real estate investor, purchased a 6,619-square-foot retail building on .27 acres at 167-179 Franklin Ave. in Franklin Square for $1.15 million. Ron Koenigsberg of American Investment Properties represented the buyer, as well as the seller, Barth Family LLC, in the sales transaction.
American Investment Properties brokers $1.15 million sale of Franklin Square retail property
April 06, 2021
“Our team remained undeterred, exposing the property during buyer and economic uncertainty from the COVID-19 shutdown,” said Koenigsberg. “As a result, we secured a local investor who owns many properties on Long Island. We worked with them and lending institutions to close on 167-179 Franklin Ave., Franklin Sq.”
State of affairs for Long Island commercial real estate – Ron Koenigsberg
April 06, 2021
We expect vaccine supply, growth of people inoculated, and the easing of CDC guidelines to change the narrative. Hopefully this allows for businesses to re-open, restaurants to hire more workers, offices to fill with more employees, and many other things. While these changes won’t happen overnight, it’s one way for us to return “back to normal” and look to stronger market fundamentals in the future.
