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Brokerage
Posted: February 6, 2009
Koenigsberg of American Investment Properties brokers sale of 5,600 s/f West Babylon retail strip center
Ron Koenigsberg of American Investment Properties completed the sale of the Little East Neck Rd. strip center. The property recently sold at an 8.29% capitalization rate. The stores are located at 1054-1060 Little East Rd. The 5,600 s/f center features four stores including a salon and a collectibles shop. The seller, a local owner turned over the deed to a N.Y.C. investor.
The sales price was undisclosed.
American Investment Properties prides itself on producing the best possible atmosphere for negotiation. Successfully matching the right buyer and seller takes years of experience and knowledge. With its aggressive and competitive buyers, expertise and commitment to the sale of commercial real estate, American Investment Properties prevails as the leader in commercial real estate on Long Island.
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