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Brooklyn-based Madison Estates Sotheby’s Worldwide Realty has merged with Weichert Realtors The Franzese Group, the businesses introduced on Tuesday.
The phrases of the deal weren’t instantly disclosed.
Madison Estates Sotheby’s Worldwide Realty was established in 1953 and have become affiliated with Sotheby’s Worldwide Realty in 2021. Weichert Realtors The Franzese Group has been a longtime actual property firm for greater than 20 years and is at the moment led by Anthony Franzese and Vincent Blandino, who’ve a mixed 50 years of expertise within the business.
“I’m very glad to be working with Anthony, Vince, and your entire Franzese group,” Gerard Longo, principal of Madison Estates Sotheby’s Worldwide Realty, mentioned in a press release. “Now we have at all times admired their enterprise acumen and respect their glorious repute. I’m sure that this collaboration will result in revolutionary and daring outcomes. We look ahead to bringing larger worth and profit to the Madison Estates Sotheby’s group as we proceed to increase our attain throughout Brooklyn.”
Since affiliating with Sotheby’s Worldwide Realty in 2021, Madison Estates Sotheby’s Worldwide Realty has introduced on 50 further actual property professionals to its group. The corporate not too long ago accomplished an public sale on the Sotheby’s Concierge Auctions’ on-line market by which it obtained over $70 million in choices from 56 world bidders.
“The New York actual property market continues to draw patrons with a singular mixture of enterprise, way of life, cultural, and different pursuits,” Anthony Franzese, managing associate and licensed dealer, mentioned in a press release. “After twenty years as pleasant rivals, I’m thrilled to be becoming a member of forces with Gerard, Joseph, and your entire Madison Estates Sotheby’s Worldwide Realty group to raise our capability to assist consumer wants in Brooklyn and past.”
“As we proceed to develop our firm and take our enterprise to the following degree, we search for strategic companions who’re like-minded, moral, and as skilled as we’re,” Joseph Baglio, president, CEO and dealer at Madison Estates Sotheby’s Worldwide Realty, mentioned in a press release. “It was an honor to have Anthony Franzese, Vince Blandino, and their group be part of us. Collectively we will supply an unlimited quantity of data and expertise, in contrast to some other brokerage.”