NEW YORK, Oct. 6, 2021 /PRNewswire/ -- Sotheby's
International Realty today announced that Madison Estates has
joined the network and will now operate as Madison Estates
Sotheby's International Realty. The addition comes at a time the
city is seeing a resurgence of interest and increases in
significant closed sales. The company has been in business for
nearly 70 years, and this will mark the brand's fourth affiliated
office in the borough.
Madison Estates Sotheby's International Realty is owned and
operated by Gerard Longo and
Joseph Baglio who bring a collective
50 years of experience to the company. The office is headquartered
in Brooklyn's South Shore
neighborhood and will service the surrounding area.
"The Brooklyn real estate
market continues to appeal to a wide variety of buyers," said
Philip White, president and CEO,
Sotheby's International Realty. "The market is seeing significant
growth in the luxury sector and continues to appeal to
international buyers and young professionals from the tech and
financial industries. Our recent affiliation with Madison Estates
Sotheby's International Realty further strengthens our confidence
in one of the greatest cities in the world to own real estate. We
look forward to supporting Gerard, Joseph, and their team."
"Brooklyn is a fusion of
residents from all cultural backgrounds," said Longo and Baglio.
"We believe that this is what makes this borough so strong and
unique. It offers buyers the perfect mix of an urban and suburban
lifestyle that is rich in culture, nightlife, restaurants, and
more. Through our affiliation with Sotheby's International Realty,
we will have the tools and support we need to further expand our
business to break into the South Shore Brooklyn market. Aligning
with the brand will afford our agents a huge advantage allowing
them to expand their current footprint with global
recognition."
Madison Estates Sotheby's International Realty possesses nearly
50 professional real estate agents and has strong ties to the
community supporting a variety of charitable efforts with a strong
focus on advocating for youth initiatives.
The Sotheby's International Realty® network currently has more
than 24,000 affiliated independent sales associates located in
approximately 1,000 offices in 75 countries and territories
worldwide. Madison Estates Sotheby's International Realty listings
are marketed on the sothebysrealty.com global website. In addition
to the referral opportunities and widened exposure generated from
this source, the firm's brokers and clients will benefit from an
association with Sotheby's auction house and worldwide Sotheby's
International Realty marketing programs. Each office is
independently owned and operated.
Sotheby's International Realty
Sotheby's International Realty was founded in 1976 as a real estate
service for discerning clients of Sotheby's auction house. Today,
the company's global footprint spans approximately 1,000 offices
located in 75 countries and territories worldwide, including 45
company-owned brokerage offices in key metropolitan and resort
markets. In February 2004, Realogy
entered a long-term strategic alliance with Sotheby's, the operator
of the auction house. The agreement provided for the licensing of
Sotheby's International Realty name and the development of a
franchise system. The franchise system is comprised of an affiliate
network, where each office is independently owned and operated.
Sotheby's International Realty supports its affiliates and agents
with a host of operational, marketing, recruiting, educational and
business development resources. Affiliates and agents also benefit
from an association with the venerable Sotheby's auction house,
established in 1744. For more information, visit
www.sothebysrealty.com.
The affiliate network is operated by Sotheby's International
Realty Affiliates LLC, and the company owned brokerages are
operated by Sotheby's International Realty, Inc. Both
entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY) a
global leader in real estate franchising and provider of real
estate brokerage, relocation and settlement services. Both
Sotheby's International Realty Affiliates LLC and Sotheby's
International Realty, Inc. fully support the principles of the Fair
Housing Act and the Equal Opportunity Act.
Contact
Melissa
Couch
973-407-6142
melissa.couch@sothebys.realty
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SOURCE Sotheby's International Realty