Koenigsberg and Flynn of American Investment Props. complete $1 million sale

Ron Koenigsberg and Marc Flynn of American Investment Properties located in Garden City exclusively represented the sale of 896-898 North Broadway. This 10,491 s/f mixed-use building sold for $1 million at a projected capitalization rate of 9.85%. This sales price was achieved as a result of teamwork and experience. This exclusive opportunity allowed Koenigsberg and Flynn to vigorously market and negotiate the sale of 896-898 N. Broadway, with the best outcome for both the buyer and the seller. The buyer, who was represented by Michael Ferra of Southgate Commercial Realty Corp., is a Long Island based investor. The seller, represented by Koenigsberg and Flynn of AIP, is a Suffolk County real estate owner and investor.