Exterior of 33 Rajon Rd, Bayport, NY 1. Manufacturing Building in Bayport, NY Address: 33 Rajon Rd, Bayport, NY 11705 Sale Date: February 14, 2024 Sale Price: $10,400,000 PSF: $138.67 This manufacturing building in Bayport sold as part of a portfolio in combination with the large parcel of land adjacent to the building. Wil-Ja Holding Corp sold this asset to Metropolitan Realty Associates, LLC. The building is composed of 75,000 square-feet, is one story tall, and was built in 1986. It sits on about 5 acres of land and is zoned as IND1.  There are 11 dock ext, 2 drive-in doors, and the ..read more

Exterior of 534 Broadhollow Rd, Melville, NY 1. Office Building in Melville, NY Address: 534 Broadhollow Rd, Melville, NY 11747 Sale Date: February 23, 2024 Sale Price: $16,000,000 PSF: $144 RXR Realty sold this large office building in Melville to Fairfield Properties. The building was reportedly 89% leased at the time of sale. The building consists of 111,065 square-feet, is five stories tall, and is considered to be a Class B building. The building was built in 1969 and was later renovated in 2006. There are two on-site elevators, 466 on-site parking spaces, and the building sits on 8 acr ..read more

Exterior of 358 Broadway Mall, Hicksville, NY 1. Broadway Commons Address: 358 Broadway Mall, Hicksville, NY 11801 Sale Date: February 1, 2024 Sale Price: $39,577,502 PSF: $54.22 KRE Broadway Owner, LLC sold this 737,000 square-foot retail portfolio to KABR Group. This property was sold as part of a shopping center portfolio. This property contains this extremely large retail center and an additional 7,140 square-feet of restaurant space on the lot. The property was built in 1956 and was later renovated in 1999. There are 15 dock ext and the building is said to be two stories tall. There are ..read more

Download Success Story Challenge: A challenge we faced with selling this property was that the building was 67% occupied at the time of sale. The current tenants at this property are on long term leases which meant we had to target our marketing efforts towards investors seeking a value add deal in addition to having the opportunity to lease-up the vacant space. Action: We quickly brought this property to the market. The team effort resulted in over 43,970 total views and 185 buyers viewing the property information online. Our sales associate, Dawn Gingold, frequently communicated to the sel ..read more

Exterior of 59 Sea Cliff Ave, Glen Cove, NY 1. Warehouse in Glen Cove, NY Address: 59 Sea Cliff Ave, Glen Cove, NY 11542 Sale Date: December 11, 2023 Sale Price: $6,000,000 Price/SF: $114 Sea Cliff Coal & Lumber Company sold this warehouse in Glen Cove to 59 Sea Cliff Avenue LLC.  This industrial warehouse is one story tall, was built in 1899, and is composed of over 52,500 square-feet. The building sits on 4.27 acres of land and is located just North of the Glen Head Country Club. 2. Warehouse in Commack, NY Address: 81 Modular Ave, Commack, NY 11725 Sale Date: October 12, 2023 Sa ..read more

Exterior of 1200 Franklin Ave, Garden City, NY 1. Medical Office Building in Garden City, NY Address: 1200 Franklin Ave, Garden City, NY 11530 Sale Date: November 16, 2023 Sale Price: $92,264,382 Price/SF: $593 Simon Property Group sold this medical office building to New York University. This office building is comprised of 155,471 square-feet, was built in 1956, and is two stories tall. This property sits on 2.30 acres of land and was reportedly 47% leased at the time of sale. A notable tenant to mention that was present at the time of sale was Morgan Stanley. New York University owns a ra ..read more

Exterior of 128 Main St, Port Washington, NY 1. Storefront Retail in Port Washington Address: 128 Main St, Port Washington, NY 11050 Sale Date: November 15, 2023 Sale Price: $8,800,000 Price/SF: $1,746 At this location is a retail storefront composed of just over 5,000 square-feet. This building is two stories tall and was built in 1930. This property was sold by Nancy Famiglietti and was purchased by the Port Washington Police District.  The property was fully-occupied at the time of sale and provides 13 on-site parking spaces. This property has over 50 ft of frontage on Main St which ..read more

Download Success Story Challenge: A challenge we faced with this property was that although the strip center was fully-occupied, it is located on the Sunrise Hwy service road instead of directly on Sunrise Hwy. Additionally, the tenants were paying below market rents. Our task was to find a buyer that saw potential in this location and who was seeking an investment. Action: The seller signed our exclusive right-to-sell agreement which allowed us full marketing rights to the listing. Visibility and exposure are key to bringing buyer activity to our real estate listings. Our marketing efforts ..read more

Download Success Story Challenge: The retail building was fully occupied at the time of sale. The long leases of the current tenants meant that we had to target our marketing towards investors who were seeking a value add deal, not an owner-user deal. A challenge with this property is that although it has great visibility on Sunrise Hwy, the property does not have any on-site parking. Action: We quickly brought this property to the market. The team effort resulted in over 62,370 total views and over 200 buyers viewing the property information online. Our sales associate, Dawn Gingold, showed ..read more

Download Success Story Challenge: American Investment Properties was exclusively retained to sell the retail building located at 515 Jericho Tpke in Mineola, New York. The building totals 7,077 square feet and is situated close to City Park Plaza Shopping Center. The building was going to be delivered vacant at sale. We knew we had to find a savvy investor or owner-user with ambition to lease-up this vacant space. Action: Once we obtained the signed exclusive right-to-sell agreement, our team quickly brought the asset on the market. Our exposure efforts included email marketing, social media ..read more