American Investment Properties Inc.
News:
Brokerage
Posted: September 5, 2017
Koenigsberg of AIP arranges sale of 11,725 s/f property for $1 million with Posillico of Alliance Real Estate
Floral Park, NY American Investment Properties Inc. (AIP) arranged the all-cash sale of a 11,725 s/f property for $1 million.
American Investment Properties Inc.
Alliance Real Estate Corp.
266 Jericho Tpke. houses two stores and several small offices, was sold by 266 Jericho Tpke. Corp. to 266 Jericho Realty LLC. The price amounted to $85 per s/f.
AIP president Ron Koenigsberg, represented the seller, and Frank Posillico, of Alliance Real Estate Corp., represented the buyer, who plans to renovate the property.
“The property represented a marketing challenge because it needed repairs, all of the occupied spaces were rented on a month-to-month basis without leases and the seller required a buyer who could purchase the property and renovate it without financing,” said Koenigsberg.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
.gif)
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
.gif)