202,893 Sq. Ft. Vacant Land + additional 97,107 of Vacant Land
Torresco Realty was engaged as exclusive broker taking on the challenge of representing three separate estates, merged by ownership interest in three different adjoining parcels of vacant land. The initial negotiation required the three heirs to reach an agreement on each of the three parcels owned in different percentages by all three estates. The combined three parcels were irregular in size and highly undesirable as a result. A contingency sale was achieved subject to assemblage of additional land adjoining the primary 202,893 s.f. Torresco was further engaged by the purchasers to procure 97,107 s.f. of adjacent land- which if not obtained would trigger the contingency and void the primary contracts. Torresco was successful in delivering the entire 300,000 s.f which offered an inherent “as of right" zoning for 78 townhouses.
Torresco Realty LLC was the sole broker in all transactions.
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