
Dix Hills, NY American Investment Properties (AIP) president Ron Koenigsberg, sold ‘820 Plaza’ located at 820-826 E Jericho Tpke. for $1.15 million, price per s/f is $267. The retail strip totals 4,300 s/f and is located near the Walt Whitman Shopping Mall. The building was 75% leased.
The buyer is a Nassau County-based real estate investor.
Koenigsberg of AIP represented the buyer and the seller.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.