Listen to this article A common real estate strategy being tossed around, somewhat loosely, is that landlords with struggling properties, particularly office, should just “give back the keys” to the banks. U.S. tax laws are generally favorable for real estate, facilitating many landlords to defer tax bills until they sell their property. However, if the…
Listen to this article A fire on Oct. 25 allegedly started during construction in a vacant space at the former site of Café Joelle in Sayville and quickly spread to nearby buildings, affecting Paper Doll Vintage Boutique, Crushed Olive, Boris Barber Shop, Sayville Running Company, Counseling Office of Adrian Fields & Associates and Hammer &…
Listen to this article A mixed-use property in downtown Glen Cove has sold for $2.95 million. 3739 Glen Street Property LLC, an affiliate of a New York-based commercial real estate investor, purchased the two-story, 11,600-square-foot building on .23 acres at 37-39 Glen St. The building, which has seven offices above three retail spaces, currently has…
Listen to this article “The Penguin,” a Warner Bros. Discovery series now streaming on Max, spent nearly $135 million in New York, including Long Island. That’s according to new data released by the studio, according to the Motion Picture Association (MPA). Starring Colin Farrell and Cristin Miloti, “The Penguin” is a crime drama that is…
Listen to this article A newly built luxury apartment complex in Hauppauge is welcoming its first tenants. Called the Carlow Wind Watch, the $60 million development from Nashville, Tenn.-based Southern Land Company brings 150 apartments in two buildings to a 5.3-acre site at 1721 Motor Parkway just east of the Wind Watch Golf & Country Club…
Listen to this article Breon Peace, the U.S. Attorney for New York’s Eastern District, is resigning from office on Jan. 10, officials said Wednesday. Appointed by President Joe Biden, Peace has served in the position since Oct. 15, 2021. Peace will leave office before President-elect Donald Trump’s inauguration. First Assistant U.S. Attorney Carolyn Pokorny will…
51 Summer St, FH Gardens, $2,100,000, One family attached or semi, 2,022 sq ft. Renovated fully attached townhouse with finished basement, no garage. New high price for this row of townhouses in FHG. 108-12 68th Rd, Forest Hills, $2,025,000, Large Suburban Residence, 6,000 sq ft. Large brick colonial with high ceilings in Cord Meyer. Likely…
Listen to this article A wholesaler of meats and other groceries is getting economic incentives for its expansion project from the Suffolk County Industrial Development Agency. The $20.5 million project by Good Meats, LLC/Casanova Market Inc. involves the purchase and renovation of a 50,000 square-foot building on 4.6 acres and an adjacent 0.795-acre flag-lot property…
December 18, 2024 by Bruce As 2024 is about to come to a close, so many people are wondering what does 2025 hold for real estate in this area?First, let’s take a look back at 2024. No surprise, it was not a great year in Forest Hills. Total sales were down 66% over the prior…
Listen to this article A now-defunct alcohol-delivery platform has reached a settlement with the New York Attorney General’s office, and will pay $4 million in restitution to delivery workers who had not received their full tips. New York Attorney General Letita James said that the company, Drizly, had led customers to believe that the entirety…