Listen to this article Tritec Real Estate has added another new hospitality tenant to its growing roster at Station Yards in Ronkonkoma. Artemis, a new speakeasy-style bar, leased a 2,018-square-foot space at the new mixed-use development across from the Ronkonkoma Long Island Rail Road station. Artemis is the brainchild of a trio of Long Island…
Exterior of 534 Broadhollow Rd, Melville, NY 1. Office Building in Melville, NYAddress: 534 Broadhollow Rd, Melville, NY 11747Sale Date: February 23, 2024Sale Price: $16,000,000PSF: $144 RXR Realty sold this large office building in Melville to Fairfield Properties. The building was reportedly 89% leased at the time of sale. The building consists of 111,065 square-feet,…
December 6, 2023 by Bruce The Federal Reserve held the rates they charge to their overnight lenders unchanged at their December 13th meeting. And they went further by saying that they may drop the rate they charge 3 times in 2024. The Dow Jones Industrial Average responded with a 500+ point rally and hit and…
Owning rental properties often starts as a promising venture for securing passive income and building equity. However, the daily grind of managing these assets can quickly become overwhelming. Many landlords find themselves grappling with the unexpected realities of property management, from constant maintenance demands to handling difficult tenants and navigating legal complexities. If the endless…
A homeowner recently approached me to conduct a Comparative Market Analysis (CMA) for their North Shore property. For those unfamiliar with CMAs, they involve a thorough examination of recently sold, expired, and active property listings similar to the subject property within the same neighborhood. The aim is to establish a precise pricing benchmark for the…
Paradise Found in Southold Paradise Point Road is one of the most prestigious addresses on the North Fork. This stunning home sits on 3.28 acres, with 252 feet of waterfront on Gardiners Bay, its own sandy beach, and a newly built dock. Privacy abounds with an electric gated entrance with telecom and a long tree-lined…
Listen to this article Construction employment on Long Island saw a year-over-year increase in March, after nine months of declines, according to a new report from the Associated General Contractors of America. Nassau and Suffolk counties gained 1,400 construction jobs from March 2023 to March 2024, a 2 percent year-over-year increase, rising from 79,400 to 80,800,…
Exterior of 33 Rajon Rd, Bayport, NY 1. Manufacturing Building in Bayport, NYAddress: 33 Rajon Rd, Bayport, NY 11705Sale Date: February 14, 2024Sale Price: $10,400,000PSF: $138.67 This manufacturing building in Bayport sold as part of a portfolio in combination with the large parcel of land adjacent to the building. Wil-Ja Holding Corp sold this asset…
Here is a look at my recent area sales. In Contract: 64-26 Wetherole St, Rego Park Accepted Offer: 67-114 Dartmouth St Forest Hills Accepted Offer: 67-44 Kessel St Forest Hills Selling Agent: 109-33 71st Rd, Apt 8A, $347,500 Selling / Listing Agent: 68-29 Groton St, $940,000Listing Agent: 68-48 Dartmouth St, $998,998Listing / Selling Agent: 99-44…
Living in your dream home can be a joy, but when a mortgage payment becomes a financial burden and credit card debts pile up, you might ask, “Should I sell my house to pay off debt?” But it is not easy to sell a home just to pay off debts. Dealing with debt can feel…