Sale of Block Island’s Figurehead Building

Posted by Paul A. Leys — July 11, 2011

1310419255BLOCK ISLAND, Rhode Island (June 28, 2011) Gustave White Sotheby’s International Realty today announced their premier sale on Block Island. The Figurehead Building was sold by Glenda A. Luck, Gustave White Sotheby’s International Realty’s local on-island Realtor®.

The Figurehead Building is a prominent Victorian-style commercial building on Water Street in the historic district of downtown Old Harbor. Paul A. Leys, Broker/Owner says, “Gustave White Sotheby’s International Realty was excited to represent the sellers of one of the most recognizable buildings on Block Island. We are confident this is the first of many more sales to come.”

The mixed-use commercial and residential property, with four retail/office units and three condominiums, sold for $1,600,000. The new owners will continue the current use of the building and are actively pursuing summer rentals.

About Gustave White Sotheby’s International Realty

Gustave White Sotheby’s International Realty is a full-service agency specializing in luxury real estate and serving all of Rhode Island, including Block Island, as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 80 years as a leader in the luxury market and is the sole Sotheby’s affiliate for Rhode Island and the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Paul A. Leys, Co-owner of Gustave White Sotheby’s Int’l Realty, may be reached at 401-848-6706 or at pleys@gustavewhite.com for more information.

About Sotheby’s International Realty Affiliates LLC

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational, and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.

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