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Real Estate

Hot real estate market driven by COVID ‘exodus’ sets record in land preservation tax collection

An 'exodus' of city dwellers to the East End caused record-setting collections of the 2% real estate transfer tax in the first eight months of 2020, according to Assemblyman Fred Thiele.

Residential evictions in N.Y. banned till Jan. 1

State protections for tenants more expansive than federal rule, prevents eviction for nonpayment that pre-dates COVID crisis.

Suffolk lawmakers set to vote on requiring advanced septic systems for new construction

New homes built in unsewered areas of Suffolk County next year will be required to have innovative nitrogen-reducing wastewater systems rather than traditional septic systems as of next July, if a proposed amendment to the Sanitary Code is approved by county legislators.

Railroad Avenue building sold, slated for revitalization

The Railroad Avenue building that housed a bar that lost its liquor license last year following a slashing and a double shooting has been sold and is slated for renovation.

Polish Town Civic looking to sell its pavilion site

The Polish Town Civic Association hasn't been making much use of its "Polonaise Park" in recent years and has decided its time to shed the costs of taxes and maintenance on the 1.3-acre property. Photo: Denise Civiletti

Homeside Florist site being purchased by Mattituck builders

Mattituck builders Paul Pawlowski and Kenneth Ballato are buying the former Homeside Florist & Greenhouses site on the corner of Main Road and Cross River Drive in Riverhead.

State’s moratorium on evictions and foreclosures extended to Aug. 20

No proceedings to evict a tenant or foreclose on a mortgage may be instituted in New York until after Aug. 20, under a new executive order signed by the governor yesterday. The order also bans late fees on rents in arrears and gives tenants the option of using their security deposits to cover rent due.

Peconic Bay Medical Center Foundation acquires McGann-Mercy High School property

Peconic Bay Medical Center Foundation has acquired the 24-acre former McGann-Mercy High School site from the Diocese of Rockville Centre for $14 million. The hospital has no immediate plans for the property and will seek input from the Town of Riverhead and the community to develop a long-range strategic plan for the campus, according to PBMC president and CEO Andrew Mitchell.

New restaurant, apartments coming to former Hy Ting building

The building was sold to investors who are renovating it for a new restaurant and two second-floor apartments.

Retail center and fast-food restaurant proposed for Route 58 and Mill Road

Plans have been filed for a 45,587-square-foot retail center with a 152-seat fast-food restaurant on the vacant corner at Route 58 and Mill Road.
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