Challenge:
American Investment Properties was exclusively retained to sell this mixed-use building in Ozone Park, New York. The main challenge with this sale was the ground floor space being owner-occupied, and being delivered vacant at sale.
Our task was finding a business owner that saw potential in this location or a savvy investor seeking an opportunistic investment.
Action:
Sean Hicks, our associate, and our marketing team immediately got to work with this exclusive listing. Through our email marketing and online advertising, we achieved over 67,153 total views and 137 buyers who viewed information on this property.
Ultimately, Sean Hicks found the ideal buyer, a doctor who owned 4 physical therapy locations. This location suited their needs for another physical therapy office. However, there were obstacles to reaching the closing table.
The buyer took out an SBA loan which took months to finalize and process. Over the months, Sean made sure to keep the deal on track by being ultra responsive and assisting both parties with their needs.
Result:
The property successfully closed with a price of $900,000, and price per square feet of $394. The purchaser plans to renovate the inside and outside for his physical therapy business.
Sale Details:
Sean Hicks
- Sold For: $900,000 / Price PSF: $394
- Sale Type: Owner-User (Doctor/Physical Therapist)
- Listing & Sale Agent: Sean Hicks, Associate
View more of our sold properties here.
Learn more about Sean Hicks here.
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