News: Front Section
Posted: June 12, 2008
EXIT Realty's Resnick negotiates $2.8m sale for Sorella Sisters to Fiorillo Family
Sam Resnick, president of EXIT Realty Associates has completed the $2.8 million, 23-unit sale of 25 Pond St. The property is a freestanding brick building comprised of 23 one-bedroom units, all of which are 660 s/f. The property was a hot commodity from the time it went on the market, generating interest from buyers and investors.
"I was quite surprised at the amount of activity the building generated and how it quickly went under agreement within 7 days of being listed." Resnick said, "At $123,900 per unit, this was a "win-win" price for both the buyer and the seller.
Sam Resnick exclusively represented the seller, Sorella Sisters L.L.C., and Daryl Ricci of Vanguard Properties represented the buyer, Fiorillo Family Trust.
The building was advertised in the Jan. 18th New England Real Estate Journal as the Property of the Week and with Karen Dowell's assistance EXIT Realty was able to sell 25 Pond St.
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