News:
Brokerage
Posted: December 15, 2020
Koenigsberg of American Investment Properties brokers $2.45 million sale
Hicksville, NY American Investment Properties completed the sale of 313 W Old Country Rd. The sale price was $2.45 million.
Ron Koenigsberg of American Investment Properties was the broker.
According to Koenigsberg, “This is the third assignment from the same seller. We exclusively represented the seller before on his retail strip center in East Hills, and mixed use building in Cold Spring Harbor.”
The buyer and seller wish to remain anonymous at this time.
“With success on the two previous listings, it came time to sell his office building on 313 W. Old Country Rd., Hicksville. We signed the exclusive right to sell for the property on February 1st, 2020. Within days the climate for doing business began to change, COVID-19 looked to be a game changer. I had to sell this building so the tenant could move out and focus on his business,” said Koenigsberg.
Tags:
Brokerage
MORE FROM Brokerage
Liberow and Benshar of Asset CRG Advisors arrange $18.1 million ground lease transaction for 358 Flatbush Ave. development site
Brooklyn, NY Asset CRG Advisors recently facilitated the disposition of 358 Flatbush Ave., a Brooklyn development site situated at the intersection of Park Slope and Prospect Heights overlooking Grand Army Plaza and Prospect Park.
Quick Hits
Columns and Thought Leadership
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
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
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,
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,
