News: Brokerage

American Investment Properties brokers two sales totaling $1.435 million

American Investment Properties has completed two sales totaling $1.435 million. The deals include the following: * Ron Koenigsberg of American Investment Properties brokered the deal of 525-529 Chestnut St. The 5,138 s/f retail property was sold for $685,000. With the help of American Investment Property's experience in commercial real estate on L.I., the buyer, a local Nassau county investor, was able to reach a satisfying agreement with the seller. * Koenigsberg and Marc Flynn of American Investment Properties exclusively represented the sale of 56 West Merrick Rd., Freeport. The 16,400 s/f mixed-use building sold for $750,000 at a projected capitalization rate of 10.6%. This sales price was achieved as a result of teamwork and experience. The exclusive opportunity allowed Koenigsberg and Flynn to vigorously market and negotiate the sale of 56 West Merrick Rd., with the best outcome for both the buyer and the seller. The buyer, a Nassau County real estate developer and investor, purchased the property from the owner and user, who has recently vacated the property.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced