Business Services Industry
Michael A. Maffettone, a licensed real estate sales associate and advisor with Prudential CRES Commercial Real Estate recently brokered a sale by leveraging strong relationships to overcome the obstacles
Real Estate Weekly, Sept 10, 2008
Michael A. Maffettone, a licensed real estate sales associate and advisor with Prudential CRES Commercial Real Estate recently brokered a sale by leveraging strong relationships to overcome the obstacles. In this instance, he closed on a $1,270,000 sale of a property located at 1680 New York Avenue in Huntington, New York.
The building, sold by a limited liability corporation and purchased by a private investor, is occupied by current tenant, Checkers Restaurant, who has been there for the past seven years. Maffettone was the seller's broker, but also brought the buyer to the table. ReCap offered the loan to Maffettone's buyer at a 6.75% fixed rate.
COPYRIGHT 2008 Hagedorn Publication
COPYRIGHT 2008 Gale, Cengage Learning
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