RIPCO Investment Sales

Congratulations to our investment sales team on the sale of 202 East Park Avenue in #LongBeach, NY! Stephen R. Preuss Sr., Andreas Efthymiou, and the team successfully executed the sale of a corner vacant lot primed for development at the corner of Long Beach Boulevard and East Park Avenue. “202 East Park Avenue presents a great opportunity for the buyer to redevelop this well-located and high-trafficked signalized corner. We’re excited to see this upcoming project come to fruition – Andreas Efthymiou, Vice President Sale Metrics: $1,500,000 $107/Lot SF We prepare complimentary Broker Opinion of Values – find out how much your property is worth in today’s market. Comment here or contact our exclusive brokers directly for more information: Stephen R. Preuss Sr. (718.663.2639 / [email protected]) Andreas Efthymiou (718.663.2643 / [email protected]) Kevin Schmitz (718.663.2644 / [email protected]) Kevin Louie (718.663.2642 / [email protected]) #byripco #longisland #longbeachny #streetsmartandmarketwise

Congratulations to our investment sales team on the sale of 108-18 72nd Avenue in #ForestHills, Queens! Stephen R. Preuss Sr., Andreas Efthymiou, and the team successfully executed the sale of a two-story commercial building located off Austin Street in the heart of Forest Hills. “Our team successfully procured a user for the building by leveraging our expertise in this asset class and deep understanding of the local market” – Andreas Efthymiou, Vice President Sale Metrics: $2,300,000 $500/SF We prepare complimentary Broker Opinion of Values – find out how much your property is worth in today’s market. Comment here or contact our exclusive brokers directly for more information: Stephen R. Preuss Sr. (718.663.2639 / [email protected]) Andreas Efthymiou (718.663.2643 / [email protected]) Christian Allimonos, Esq. (718.663.2651 / [email protected]) Charles F. Schirrmeister (718.663.2654 / [email protected]). #byripco #queens #austinstreet #soldnyc #streetsmartandmarketwise

Our team has been exclusively retained for the sale of a well-maintained two-story commercial building with parking and ADA accessibility in Port Washington, Long Island. The building will be delivered vacant and ideal for several use types, creating an opportunity for an owner-user or investor. 1148 Port Washington Boulevard enjoys 40 feet of frontage on Port Washington Boulevard, it offers great exposure on a high-traffic thoroughfare off Main Street and is in proximity to the Port Washington LIRR station. This is a rare offering in this market for its location and scarcity of availability, For pricing information and additional information regarding 1148 Port Washington Boulevard, please contact the exclusive brokers: Stephen R. Preuss Sr., Kevin Louie, and Eric Delafraz. #byripco #streetsmartandmarketwise #portwashington #ripco

Congratulations to our investment sales team on another successful collaboration! Mitchel Flaherty, Kevin Schmitz, Stephen R. Preuss Sr., and Brian Whelan and their teams successfully executed the sale of 350 Grand Concourse in the Mott Haven neighborhood of the Bronx! This prime development site has over 300 feet of frontage on Grand Concourse and allows over 220,000 buildable square feet.   “We are extremely pleased to have played a key role in the sale of 350 Grand Concourse, a truly exceptional development site in one of the Bronx's most dynamic neighborhoods,” – Mitchel Flaherty, Executive Managing Director The buyer plans to develop a 220,000-square-foot, grocery-anchored, mixed-use project that is poised to significantly positively impact the Mott Haven community. Featured in the Commercial Observer, swipe through for more information or head to the link in our to read the full article.   We prepare complimentary Broker Opinion of Values – find out how much your property is worth in today’s market. Comment here or contact our exclusive brokers directly! Mitchel ([email protected] / 917.348.0242), Kevin ([email protected] / 718.663.2644), Stephen ([email protected] / 718.663.2639), Brian ([email protected] / 646.993.7328) #byripco #thebronx #soldnyc #streetsmartandmarketwise

#UnderContract! Our team recently put under contract a ~40,000 buildable SF mixed-use development site in #DutchKills, Long Island City! The 125’x112’ lot has 125 feet of frontage on Crescent Street and is situated in an in-demand neighborhood for new construction residential, and retail. Own a similar property or looking to acquire a similar asset? Contact our team for more information or for a complimentary Broker Opinion of Value: Stephen R. Preuss Sr., Kevin Louie, and Andreas Efthymiou.  #byripco #nycre #streetsmartandmarketwise

ICSC New York is only two days away! Visit Booth #1835 at the Javits Center, December 11-12. Our investment sales team will be there to discuss the market, what to expect in 2025, new opportunities, and more. Contact our team or email us at [email protected] to schedule a meeting with our investment sales team, or visit our booth! #icscny #javitscenter #ripco

Our team has been exclusively retained for the sale of 1701 Sunrise Highway and 1715 Sunrise Highway in Bay Shore, NY, both outparcels of South Shore Mall.   1701 Sunrise Highway is a single-story, ~6,025 SF commercial building with two commercial units: #CapitalOne and #VitaminShoppe. 1715 Sunrise Highway is a single-story, ~7,659 SF commercial building with one commercial unit occupied by #OliveGarden. Both South Shore Mall outparcels, the properties are ideally located directly off Sunrise Highway (Route 27), neighbors to major retailers including Macy’s, James & Co, Burlington, Dick’s Sporting Goods, and JC Penny.   The properties are available separately or as a package. For pricing information and additional information, please contact the exclusive brokers: Stephen R. Preuss Sr., Andreas Efthymiou, Christian Allimonos, Esq., and Charles F. Schirrmeister. #byripco #streetsmartandmarketwise #southshoremall #ripco

Congratulations to our investment sales team on the sale of 168 Pacific Street in Cobble Hill, Brooklyn! Stephen R. Preuss Sr., Kevin Schmitz, Andrew LeoGrande, and the team successfully executed the sale of a three-unit brownstone multifamily building, which was delivered vacant. “The sale of 168 Pacific Street highlights a broader trend across the boroughs: buyers are increasingly prioritizing vacant buildings. This preference gives them the flexibility to design and redevelop properties to their specifications, and they’re often willing to pay a premium for it. In this case, the purchaser paid over $1,100 per square foot” – Kevin Schmitz, Vice President Sale Price: $4,775,000 PPSF: $1,136 We prepare complimentary Broker Opinion of Values – find out how much your property is worth in today’s market. Comment here or contact our exclusive brokers directly! #byripco #brooklyn #soldnyc #streetsmartandmarketwise

Congrats to our Debt & Structured Finance team on the execution of a $25M bridge loan for Cape Advisors! Contact Adam Hakim, James Murad, and their team for more information on this deal and to learn how they can help you improve your financing options and optimize your portfolio in 2025.

Congrats to Ari Ravi's team on the closing of Rosewood Center! Reach out to Ari's team for more information. #byripco #streetsmartandmarketwise #soldtampa