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.