Press/Cuozzo represents the Mercurios and Mirabellas in sale
Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, said that Bancone, LLC has purchased a 5,756 s/f mixed-use building at 360-368 Main St. The two-story building is comprised of three apartments and three retail and office units.
Albert Scafati, senior advisor for Press/Cuozzo Commercial Services, represented the sellers, Pat and Lida Mercurio and Aurelio and Lina Mirabella, while Century 21 Access America represented the buyer, Bancone, LLC. Sale price for the property was in excess of $400,000.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.