Smith-West-Plaza-Smithtown-NY

American Investment Properties Brokers $2.1M Sale of Retail Strip Center in New York

by Amy Works

SMITHTOWN, N.Y. — American Investment Properties has arranged the sale of Smithwest Plaza, a retail strip center located at 1041 W. Jericho Turnpike in Smithtown. Smith West Plaza LLC sold the property to Summit Blossom LLC for $2.1 million, or $205 per square foot. The 7,200-square-foot property was constructed in 1987. Ron Koenigsberg of American Investment Properties represented the seller and buyer in the 1031-exchange transaction.

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