Long Island Cheat Sheet: Pending home sales in Nassau and Suffolk counties bounce back in October … & more

Pending home sales in Nassau and Suffolk counties bounce back in October The number of pending home sales in October managed to rebound after a drop in September, Long Island Business News reported. Nassau and Suffolk counties saw 2,806 homes contracted for sale. That’s a 4.4 percent increase from the 2,686 homes contracted for sale[…]

Hamptons Cheat Sheet: Montauk oceanfront property’s list price slashed to $39.5M … & more

Oceanfront Montauk home’s price slashed to $39.5M A month after a 36-acre oceanfront property in Montauk came on the market for $48 million, its price tag was cut down to $39.5 million, according to Curbed. Frame dealer Eli Wilner and his wife bought the property in 1992 for $630,000. They then built the property’s only[…]

Long Island Cheat Sheet: Riverhead town board to vote on one of the largest land sales in LI history … & more

Riverhead to vote on $40M sale of 1,643 acres in Calverton The Riverhead town board will vote Wednesday on whether to approve the $40 million sale of 1,643 acres in Calverton, Long Island Business News reported. About 600 square feet of the parcel is slated to be developed into an industrial park. The buyer is[…]

Long Island Cheat Sheet: RXR Realty scores $53.9M loan for Glen Cove project … & more

RXR Realty scores $53.9M loan for Village Square project in Glen Cove RXR Realty won financing from from M&T Bank for the developer’s Glen Cove mixed-use development project called Village Square, Long Island Business News reported. The bank provided a $53.9 million construction-to-permanent mortgage loan. When finished, the 2.8-acre Village Square will have 146 rental[…]

Hamptons Cheat Sheet: Golf club and business park score Southampton approvals … & more

Golf club expansion and business park development advance after Southampton OK The Southampton Town Planning board will allow two proposed projects on the border between Bridgehampton and Water Mill to move forward without more archaeological or environmental review, 27east reported. The Atlantic Golf Club hopes to build a 3,643-square-foot teaching facility and expand its driving[…]

Hamptons Cheat Sheet: Local home sales slow in September, Shelter Island compound lists for $14.2M … & more

Home sales slow in Nassau and Suffolk Counties in September Rising mortgage rates and an increase in supply slowed down home sales around Suffolk County and nearby Nassau County in September, according to Long Island Business News. There were 2,361 homes contracted for sale, down from the 2,489 during the same period last year. Brokers[…]

Long Island Cheat Sheet: Woodbury Country Club to undergo multifamily conversion … & more

Woodbury Country Club to undergo multifamily conversion The 16.8-acre Woodbury Country Club was bought by a New York City-based private equity firm, Long Island Business News reported. The longtime catering venue will close its doors on Nov. 30. Its new owners  — a joint venture between the current owners and a New York-based private equity[…]

Hamptons Cheat Sheet: Hamptonites spend big to secure properties amid MS-13 fears … & more

Hamptonites spend big to secure properties amid MS-13 fears Suffolk county murders and sexual assaults by MS-13 gang members have spooked Hamptons residents enough to invest in vast high-end security systems that include panic rooms and windows so tough they can withstand a direct hits from sledgehammers, the New York Post reported. Red Apple Group’s[…]