Category Archives: In the Press

Koenigsberg of AIP arranges $2.137m sale of Smith West Plaza; sold to Summit Blossom as part of a 1031 exchange

September 05, 2017 Smithtown, NY American Investment Properties Inc. (AIP) arranged the sale of the 7,200 s/f Smith West Plaza retail center for $2.137 million. The property, 1041 W. Jericho Tpke., constructed on one acre in 1987, was sold to Summit Blossom LLC, of Flushing, as part of a 1031 exchange, by Smith West Plaza LLC. The… | Read On »

3 mixed-use buildings in Franklin Square sell for $7.1 million

September 13, 2017 Three adjacent mixed-use buildings in Franklin Square have been sold for $7.1 million, the brokerage that handled the sale said. The properties, at 4-18 New Hyde Park Rd. and 942 and 966 Hempstead Turnpike, total 41,000 square feet, and include 15 retail stores, 19 apartment units and a small catering hall. The… | Read On »

American Investment Properties and NYREJ hold Long Island CRE summit; Panelists offered an upbeat outlook

August 01, 2017 Plainview, NY A panel of real estate and other professionals offered an upbeat outlook for Long Island at American Investment Properties’ and the New York Real Estate Journal’s first Long Island Real Estate summit. Speakers at the “Future of Long Island CRE” summit pointed to increased migration of manufacturing business from NYC, the growth of… | Read On »

Koenigsberg of American Investment named Commercial Broker of the Year by Long Island Business News

July 04, 2017 Garden City, NY Ron Koenigsberg, CCIM, President of American Investment Properties received the Commercial Broker of the Year award from the  Long Island Business News  at the 2017 Real Estate and Development Awards. Koenigsberg sold about $47 million worth of commercial real estate in 2016, which included 246,515 s/f of commercial space. Among his noted… | Read On »

Koenigsberg of American Investment Properties brokers $1.03 million sale; Represents buyer and seller of the 5,100 s/f, mixed-use property

July 21, 2017 Rockville Centre, NY American Investment Properties Inc. (AIP) has arranged the all-cash sale of a 5,100 s/f mixed-use property for $1.03 million. The property, 218-220 Sunrise Hwy., which was built in 1936 and consists of three stores and two apartments, was sold by Douglas Barnaby to Dan Nicolo. The price amounted to $202 per… | Read On »

Koenigsberg of AIP brokers $2.75 million sale

Bethpage, NY Ron Koenigsberg of American Investment Properties represented the sale of the Pasta Time Plaza at 4270-4294 Hicksville Rd., along with Joe Palazzotto of Realty Plaza Commercial Brokerage. The 10,050 s/f retail building sold for $2.75 million ($273 per s/f). This sale price was achieved as a result of teamwork and experience. The buyer, a… | Read On »

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