Priciest home sales in Mt. Sinai

Priciest home sales in Mt. Sinai

Priciest home sales in Mt. Sinai (11766)  December 2021  The three highest-priced home sales in Mt. Sinai last month ranged from $992,995 to $1.099 million.  The priciest Mt. Sinai home sold in December was a 4-bedroom, 4.5-bath post-modern on .69 acres at 24...

Beechwood going big with multiple projects in North Carolina

Beechwood going big with multiple projects in North Carolina

The Beechwood Organization, one of Long Island’s most prolific residential developers, is embarking on some major projects down south.  Jericho-based Beechwood plans to break ground shortly on 319 luxury homes in four different communities in the Charlotte,...

RXR sells another Woodbury property

RXR sells another Woodbury property

RXR Realty has sold another one of its office properties in Woodbury.  The price was not disclosed but real estate sources say it sold for $2 million.  Plainview-based Dunkirk Realty purchased the 35,000-square-foot building on 3.68 acres at 420-424 Crossways...

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays (11946)  December 2021  The three highest-priced home sales in Hampton Bays last month ranged from $1.15 million to $2.35 million.  The priciest Hampton Bays home sold in December was a 4-bedroom, 3-bath waterfront ranch on...

With new Whole Foods as anchor, retail center begins $75M reboot

With new Whole Foods as anchor, retail center begins $75M reboot

After securing a new Whole Foods store to anchor the Huntington Shopping Center on Route 110, its owner is embarking on a $75 million facelift and expansion for the property.  Publicly traded Federal Realty Investment Trust announced Thursday it will have a new...

Two new tenants coming to Port Washington center

Two new tenants coming to Port Washington center

The Soundview Marketplace in Port Washington is getting two new tenants.  Five Below, the Philadelphia-based specialty discount chain, is leasing 10,000 square feet of retail space in the center located at 10 Shore Road.  Also coming to Soundview Marketplace is...

LI firm sells four shopping centers for $130M

LI firm sells four shopping centers for $130M

Serota Properties has sold four of its Long Island shopping centers to a publicly traded real estate investment trust for $130 million.  The buyer is Jacksonville, Fla.-based Regency Centers, which already owns five retail centers here.  The REIT’s new...

Priciest home sales in St. James

Priciest home sales in St. James

Priciest home sales in St. James (11780)  December 2021  The three highest-priced home sales in St. James last month ranged from $799,000 to $1.175 million.  The priciest St. James home sold in December was a 5-bedroom, 3.5-bath ranch on 2 acres at 1 Meadow...

LI firm expands with lease of Copiague property

LI firm expands with lease of Copiague property

A Wyandanch-based distributor has leased a 64,184-square-foot industrial building in Copiague.  The Oil and Lubricant Depot, a supplier of motor oils lubricants and related products, will use the building and its 4.5-acre property at 65 Court St. to expand...

West Babylon industrial property trades for $4.869M

West Babylon industrial property trades for $4.869M

A West Babylon industrial property has sold for $4.869 million.  Port Washington-based BEB Capital purchased the 16,000-square-foot building on 2.61 acres at 174 Cabot St.  The property, which features 40 loading docks, is leased to Shea Trucking.  “This...

Priciest home sales in Jamesport

Priciest home sales in Jamesport

Priciest home sales in Jamesport (11947)  December 2021  The three highest-priced home sales in Jamesport last month ranged from $785,000 to $2.78 million.  The priciest Jamesport home sold in December was a 4-bedroom, 3.5-bath farmhouse on 6.27 acres at 1810...

Douglas Elliman begins trading on NYSE

Douglas Elliman begins trading on NYSE

Real estate brokerage firm Douglas Elliman has completed its spin-off from Vector Group and begins trading Thursday on the New York Stock Exchange.  Listed under the symbol DOUG, the company was added to the S&P SmallCap 600 before the start of trading. ...

Priciest home sales in Farmingville

Priciest home sales in Farmingville

Priciest home sales in Farmingville (11738)  November 2021  The three highest-priced home sales in Farmingville last month ranged from $520,000 to $675,000.  The priciest Farmingville home sold in November was a 4-bedroom, 3-bath colonial on .28 acres at 35...

Brentwood industrial property trades for $3.885M

Brentwood industrial property trades for $3.885M

An industrial property in Brentwood has sold for $3.885 million.  Corner Electronics, a distributor of electronics and small appliances, purchased the 38,000-square-foot industrial building on 1.36 acres at 100 Emjay Blvd.   Established in 1985, Corner...

Queens firm closes on $6.2M Farmingdale industrial acquisition

Queens firm closes on $6.2M Farmingdale industrial acquisition

A Queens-based manufacturer has closed on its purchase of an industrial property in Farmingdale for $6.2 million.  National Compressor Exchange, headquartered in Ridgewood, bought a 31,873-square-foot industrial building on 1.49 acres at 5 Dubon Court.  The...

Serota sells 138-acre Holbrook development site for $150M

Serota sells 138-acre Holbrook development site for $150M

Serota Properties has sold its long-dormant 138-acre development site in Holbrook.  The price was not disclosed, but real estate industry sources say the property sold for $150 million.  The buyer is Indianapolis-based Scannell Properties, a privately held real...

Carvana acquires Garden City land for $9.7M

Carvana acquires Garden City land for $9.7M

Carvana, the online car retailer, has purchased land in Garden City for $9.7 million.  The Tempe, Ariz.-based company acquired 1.9 acres of industrial-zoned land at 6 North Ave., adjacent to the new Whole Foods on East Gate Boulevard and across from the Hampton...

West Hempstead office property sells for $6M

West Hempstead office property sells for $6M

An office building in West Hempstead has been sold to a Long Island real estate investment firm.  Great Neck-based Excel Capital Group purchased the 72,000-square-foot building on 2.62 acres at 60 Hempstead Ave.  The price was not disclosed, but industry...

Empty Dealertrack building in limbo as company explores options

Empty Dealertrack building in limbo as company explores options

After opening with a flourish a little more than four years ago, the 232,000-square-foot office building developed for Dealertrack Technologies in North Hills now sits mostly empty.  The $120 million project, the largest single-tenanted office complex built on...

US home construction rebounds a strong 11.8% in November

US home construction rebounds a strong 11.8% in November

New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally adjusted...

Long Island home prices hold firm amid record-low inventory

Long Island home prices hold firm amid record-low inventory

After three months of declines, the prices of Long Island home sales ticked back up in November, buoyed by a decreasing supply of available homes for sale.  The median price of closed home sales in Nassau County last month was $652,500, slightly higher than...

Daniel Gale moving Huntington office to village corner

Daniel Gale moving Huntington office to village corner

Daniel Gale Sotheby’s International Realty will soon be moving its Huntington office to a new location.  After several decades at its office at 187 Park Ave., the brokerage firm will be relocating its Huntington headquarters to a 2,800-square-foot office at the...

LI firm buys Massapequa rental complex for $106M

LI firm buys Massapequa rental complex for $106M

Fairfield Properties has expanded its growing multifamily portfolio with the acquisition of a sprawling Massapequa rental complex.  Melville-based Fairfield purchased the 214-unit Southpoint Apartment Homes community, located on 31 acres at 25 Weaver Drive. ...

Priciest home sales in Babylon

Priciest home sales in Babylon

Priciest home sales in Babylon (11702)  November 2021  The three highest-priced home sales in Babylon last month ranged from $885,000 to $1.3 million.  The priciest Babylon home sold in November was a 3-bedroom, 3-bath waterfront farm...

LI investor buys upstate retail property for $2.165M

LI investor buys upstate retail property for $2.165M

A retail property leased to a CVS in upstate New York has been sold to a Long Island investor for $2.165 million.  Main C LLC, an entity registered to a Great Neck-based real estate investor, purchased a 10,125-square-foot retail building on .96 acres at 117 E....

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

30 E. Main St., Patchogue Ruta Oaxaca Mexican Cuisine leased a 3,150-square-foot retail space at 30 E. Main St. in Patchogue. This will be the first Long Island location for Ruta Oaxaca, which has a restaurant in Astoria. The Patchogue space was formerly...

Planet Fitness opening in Massapequa

Planet Fitness opening in Massapequa

A new Planet Fitness center will be opening in Massapequa next week.  The newest Long Island location for the Planet Fitness chain is a 19,870-square-foot space in the Carmans Plaza shopping center at 923 Carmans Road.  The space was formerly occupied by...

Real estate legend Sydney Engel dies at 98

Real estate legend Sydney Engel dies at 98

Sydney Engel By: David Winzelberg November 30, 2021 Sydney Engel, one of the area’s foremost pioneers of real estate development, died Saturday at his Hewlett Harbor home. He was 98.  Best known on Long Island as one of the founders of the powerhouse developer...

Manhasset retail property sells for $3.572M

Manhasset retail property sells for $3.572M

1575 Northern Blvd. Manhasset / Google Maps image By: David Winzelberg November 24, 2021 A retail property in Manhasset has sold for $3.572 million.  Jericho-based AJM Real Estate purchased the 6,254-square-foot building on .35 acres at 1575 Northern Blvd. ...

Priciest home sales in East Hills

Priciest home sales in East Hills

Priciest home sales in East Hills (11576)  October 2021  The three highest-priced home sales in East Hills last month ranged from $1.1 million to $1.435 million. The priciest East Hills home sold in October was a 4-bedroom, 3-bath split-level on .38 acres at 42...

Former NYCB headquarters in Westbury selling for $12.3M

Syosset-based Milvado Realty Group is in contract to purchase the five-story office building in Westbury formerly occupied by New York Community Bancorp for $12.3 million.  Milvado has received preliminary approval for economic incentives from the Town of...

Priciest home sales in Woodbury

Priciest home sales in Woodbury

Priciest home sales in Woodbury (11797)  October 2021  The three highest-priced home sales in Woodbury last month ranged from $1.8 million to $2.225 million.  The priciest Woodbury home sold in October was a 6-bedroom, 6.5-bath colonial on 1 acre at 7 Fairbanks...

State of flux | Long Island Business News

State of flux | Long Island Business News

Among Long Island’s commercial real estate sectors, there’s no doubt that the office market has been the most impacted by the COVID-19 pandemic and its fallout on businesses. With thousands of employees either forced or choosing to work from home over the last...

So far, little fraud evident in rental assistance programs

So far, little fraud evident in rental assistance programs

After watching scammers make off with more than $20 billion in fraudulent California unemployment benefits during the pandemic, state housing officials were wary of a repeat when the federal government poured money into the state and told them to use it to pay...

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays

Priciest home sales in Hampton Bays (11946)  October 2021  The three highest-priced home sales in Hampton Bays last month ranged from $1.147 million to $1.225 million.  The priciest Hampton Bays home sold in October was...

Inked: Recent LI real estate deals

Inked: Recent LI real estate deals

710-2 Union Parkway, Ronkonkoma ETI Consultants purchased a 4,600-square-foot industrial condo at 710-2 Union Parkway in Ronkonkoma for $700,000. Chuck Tabone of Newmark represented the buyer, while Jeremy Hackett of Metro Realty Services represented sell JKJ...

Priciest home sales in Port Washington

Priciest home sales in Port Washington

Priciest home sales in Port Washington (11050)  October 2021  The three highest-priced home sales in Port Washington last month ranged from $1.325 million to $1.91 million.  The priciest Port Washington home sold in October was a 4-bedroom, 3.5-bath colonial...

Priciest home sales in Bayport

Priciest home sales in Bayport

Priciest home sales in Bayport (11705)  October 2021  The three highest-priced home sales in Bayport last month ranged from $700,000 to $810,000.  The priciest Bayport home sold in October was a 5-bedroom, 3.55-bath waterfront home on .51 acres at 18 Matilda...

Priciest home sales in Locust Valley

Priciest home sales in Locust Valley

Priciest home sales in Locust Valley (11560)  October 2021  The three highest-priced home sales in Locust Valley last month ranged from $599,000 to $4.595 million.  The priciest Locust Valley home sold in October was...

Colliers signs salon franchise at Carle Place office building

Colliers signs salon franchise at Carle Place office building

My Salon Suite, a franchise that provides space for independent salon professionals, will be opening a new location in Carle Place.  My Salon Suite signed a long-term lease for 9,000 square feet at 1 Old Country Road, where it plans to open in the first quarter...

Priciest home sales in Setauket

Priciest home sales in Setauket

Priciest home sales in Setauket (11733)  October 2021  The three highest-priced home sales in Setauket last month ranged from $1.085 million to $1.151 million.  The priciest Setauket home sold in October was a 4-bedroom, 3.5-bath Victorian on .69 acres at 33...

Priciest home sales in East Moriches

Priciest home sales in East Moriches

Priciest home sales in East Moriches (11940)  September 2021  The three highest-priced home sales in East Moriches last month ranged from $875,000 to $1.26 million.  The priciest East Moriches home sold in September was...

Hauppauge office property trades for $3M

Hauppauge office property trades for $3M

An office property in Hauppauge has sold for $3 million.  PBI-WHQ LLC, an entity registered to the owner of Bay Shore-based road contractor Pratt Brothers, purchased the 10,000-square-foot office building on 1.02 acres at 333 Marcus Blvd.  Pratt Brothers plans...

Priciest home sales in Deer Park

Priciest home sales in Deer Park

Priciest home sales in Deer Park (11729)  September 2021  The three highest-priced home sales in Deer Park last month ranged from $620,000 to $860,000.  The priciest Deer Park home sold in September was a 4-bedroom, 2.5-bath colonial on .43 acres at 7 Cara...

Long Island industrial vacancy rate drops to record low

Long Island industrial vacancy rate drops to record low

How low can it go?   That’s what commercial real estate brokers are asking about the vacancy rate for Long Island industrial properties, which has now fallen to the lowest level in recent history.  The overall industrial vacancy rate on Long Island dropped to...

Priciest home sales in Greenport

Priciest home sales in Greenport

Priciest home sales in Greenport (11944)  September 2021  The three highest-priced home sales in Greenport last month ranged from $1.265 million to $2.075 million.  The priciest Greenport home sold in September was a 4-bedroom, 2.5-bath waterfront home on...

Priciest home sales in Cold Spring Harbor

Priciest home sales in Cold Spring Harbor

8 Wawapek Road Cold Spring Harbor / OneKey MLS photo By: David Winzelberg October 7, 2021 The three highest-priced home sales in Cold Spring Harbor last month ranged from $1.575 million to $3.25 million.  Enter your user name and password in the fields above to...

Priciest home sales in Blue Point

Priciest home sales in Blue Point

35 Grandview Drive Blue Point / OneKey MLS photo By: David Winzelberg October 5, 2021 The three highest-priced home sales in Blue Point last month ranged from $505,000 to $819,000.  Enter your user name and password in the fields above to gain access to the...

LI firm acquires retail property in North Carolina

LI firm acquires retail property in North Carolina

2726 West Sugar Creek Road Charlotte, N.C. / Google Maps image By: David Winzelberg October 1, 2021 The 6,563-square-foot building on 2 acres is leased to Advanced Auto Parts. Enter your user name and password in the fields above to gain access to the...

Priciest home sales in North Hills

Priciest home sales in North Hills

3000 Royal Court North Hills / OneKey MLS photo By: David Winzelberg October 1, 2021 The three highest-priced home sales in North Hills last month ranged from $2.35 million to $4.225 million.  Enter your user name and password in the fields above to gain access...

Priciest home sales in Setauket

Priciest home sales in Setauket

15 Braemer Road Setauket / OneKey MLS photo By: David Winzelberg September 29, 2021 The three highest-priced home sales in Setauket last month ranged from $1.25 million to $1.875 million.  Enter your user name and password in the fields above to gain access to...

LI developer adding second site to expand Westbury rental project

LI developer adding second site to expand Westbury rental project

Rendering of phase two of Cornerstone at Westbury / Courtesy of Terwilliger & Bartone By: David Winzelberg September 27, 2021 The new site will be home to phase two of the developer’s Cornerstone at Westbury transit-oriented project. Enter your user name...

Smithtown office building sells for $5.225M

Smithtown office building sells for $5.225M

496 Smithtown Bypass Smithtown / Google Maps image By: David Winzelberg September 24, 2021 The 37,000-square-foot office building is on 1.88 acres. Enter your user name and password in the fields above to gain access to the subscriber content on this site....

Priciest home sales in Centereach

Priciest home sales in Centereach

42 Pleasant Ave. Centereach / OneKey MLS photo By: David Winzelberg September 23, 2021 The three highest-priced home sales in Centereach last month ranged from $630,000 to $830,000.  Enter your user name and password in the fields above to gain access to the...

Priciest home sales in Manorville

Priciest home sales in Manorville

33 Chateau Drive Manorville / OneKey MLS photo By: David Winzelberg September 16, 2021 The three highest-priced home sales in Manorville last month ranged from $684,000 to $830,000.  Enter your user name and password in the fields above to gain access to the...

Lidl opening two more LI stores this month

Lidl opening two more LI stores this month

Photo courtesy of Lidl By: David Winzelberg September 16, 2021 Lidl will open food markets in Shirley on Wednesday, Sept. 22 and in West Babylon on Wednesday, Sept. 29. Enter your user name and password in the fields above to gain access to the subscriber...

Ribbon-cutting for LGBT-friendly senior housing in Bay Shore

Ribbon-cutting for LGBT-friendly senior housing in Bay Shore

34 Park Ave. Bay Shore / Courtesy of D&F Development By: David Winzelberg September 16, 2021 The $32 million project at 34 Park Ave. created 75 rental apartments in a four-story, 70,000-square-foot building. Enter your user name and password in the fields...

Priciest home sales in East Islip

Priciest home sales in East Islip

Priciest home sales in East Islip (11730)  August 2021  The three highest-priced home sales in East Islip last month ranged from $665,000 to $800,000.  The priciest East Islip home sold in August was a 5-bedroom, 4-bath contemporary on .93 acres at 13 Crick...

Priciest home sales in Miller Place

Priciest home sales in Miller Place

Priciest home sales in Miller Place (11764)  August 2021  The three highest-priced home sales in Miller Place last month ranged from $880,000 to $935,000.  The priciest Miller Place home sold in August was a 5-bedroom, 3.55-bath post-modern on .86 acres at 28...

Youth sports group to takeover Mitchel Field gym

Youth sports group to takeover Mitchel Field gym

The NY Youth Sports Network will be the new tenant at Mitchel Field’s Navy Gym, which will undergo extensive renovations.  NYYSN, a nonprofit that specializes in the advancement and development of children through sports, particularly in disadvantaged...

Self storage, library coming to Glen Head site

Self storage, library coming to Glen Head site

A new self-storage facility is under construction in Glen Head, where a new public library is also planned.  Spartanburg, S.C.-based Johnson Development Associates is building a three-story, 100,607-square-foot self-storage facility on the former site of an...

Strong demand, weak supply still propel Long Island home sales

Strong demand, weak supply still propel Long Island home sales

After home sales on Long Island slowed in July, the market rebounded in August, amid continued strong demand and weak supply.  There were 3,241 homes contracted for sale in Nassau and Suffolk counties last month, a slight bump from the 3,190 homes contracted...

Priciest home sales in Atlantic Beach

Priciest home sales in Atlantic Beach

Priciest home sales in Atlantic Beach (11509)  August 2021  The three highest-priced home sales in Atlantic Beach last month ranged from $1.075 million to $3.055 million.  The priciest Atlantic Beach home sold in August was...

It’s a start | Long Island Business News

It’s a start | Long Island Business News

After decades of lobbying public officials and searching for a suitable site, drag racing has returned to Long Island, at least temporarily. Efforts by groups like Long Island Needs a Dragstrip, thousands of local racing enthusiasts and businesses that cater to...

Priciest home sales in Lloyd Harbor

Priciest home sales in Lloyd Harbor

Priciest home sales in Lloyd Harbor (11743)  August 2021  The three highest-priced home sales in Lloyd Harbor last month ranged from $4.35 million to $6.475 million.  The priciest Lloyd Harbor home sold in August was a 6-bedroom, 10.555-bath waterfront estate...

Landlords look for an exit amid federal eviction moratorium

Landlords look for an exit amid federal eviction moratorium

When Ryan David bought three rental properties back in 2017, he expected the $1,000-a-month he was pocketing after expenses would be regular sources of income well into his retirement years. He also was counting on the rent money from the properties in Dupont,...

Sears and Kmart owner buys Bohemia shopping center

Sears and Kmart owner buys Bohemia shopping center

Transformco, which owns the surviving assets of Sears Holdings, has purchased the 236,000-square-foot Sayville Plaza shopping center in Bohemia.  The price was not disclosed, though industry sources say the property was sold for $18.5 million.  Located on 22...