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Donut franchise buys Deer Park site.

Michael A. Maffettone, an associate with Prudential CRES Commercial Real Estate, Medford, NY, recently closed on the sale of a half acre parcel of vacant land located at 2025 Deer Park Avenue in Deer Park, New York.

The property, owned by a private investor, was sold for $800,000. The

owner had been approached many times in the past, but it was Maffettone who was able to consummate a transaction. He was able to secure the buyer, a local Dunkin Donuts franchise owner.

The new owners' conceptual building is believed to have a drive-through window with an ingress and egress both at the Oak Street side of the parcel as well as the Deer Park Avenue side. Maffettone is also serving as an advisor to the seller on a 1031 exchange.