David R. Maltz & Co., Inc. recently sold at Public Auction two office buildings on Long Island, New York raising $7,500,000 for the estate.
Maltz implemented a highly effective marketing campaign resulting in property inquiries across the world from in excess of 300 potential bidders. After spirited bidding, both the properties were sold to well-qualified investors, each closing within one month following the auction.
The first property sold was a 24,000 sq. ft. medical office building located at 1228 Wantagh Avenue, Wantagh, NY. The second property was a 61,000 sq. ft. office building located at 11 Oval Drive, Islandia, NY. The properties realized $3,300,000 and $4,200,000, respectively.
All parties involved in the Public Auction of this property were very pleased with the bid results and timely closing. With less than 60 days to market these income producing properties, David R. Maltz & Co., Inc. yet again showed why they are referred to by many as the premier Real Estate Auction firm in the Northeast.
About David R. Maltz & Co., Inc.
David R. Maltz & Co., Inc, is the premier full service auction company specializing in the timely sale of real estate in a professional manner. Since inception more than 35 years ago, they have built a $100+ million a year corporation with an impeccable reputation for professionalism, honesty, integrity and success. The firm has conducted thousands of auctions on behalf of such clients as the United States Bankruptcy Courts and Financial Institutions throughout the United States, the United States Department of Justice, the Internal Revenue Service, the United States Government Small Business Administration, law firms, private individuals and corporations nationwide. David R. Maltz & Co., Inc. is nationally recognized as a name in excellence and achievement.