People United Bank Provides $1.665M Refinance Loan For Mixed-Use Property In Patchogue

The mixed-use property located at 263-265 W. Main Street in Patchogue has been the subject of a recent closed transaction. The property spans an impressive 24,370 square feet, offering a versatile space for both residential and commercial use.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,665,000
• Date: 12/20/2021
• Address: 263-265 W. Main Street, Patchogue
• Market: Patchogue
• Landlord: Allon Avgi
• Broker: John Libretti - Progress Capital

The loan for this transaction was provided by People United Bank, with a total amount of $1,665,000. The purpose of the loan was to refinance the property. Allon Avgi serves as the landlord in this deal, while John Libretti of Progress Capital acted as the broker representing the involved parties.