Archives For Long Island Real Estate

Articles on the Long Island real estate market. Read short, insightful news on foreclosures and pre-foreclosures, big-ticket transactions, trends, stats and more in Nassau and Suffolk Counties.

Second-home market in the Hamptons – Infographic

By  —  — Leave a comment

It’s no surprise that 42% of all Hamptons vacation homes are owned by New Yorkers, and more precisely, 35% are owned by Manhattan residents.

Continue Reading...

The former Freeport Marina in Nassau County, now a condominium complex, which was scheduled for a foreclosure auction on October 11th, ended up as an REO. The property located on 531 Ray Street, Freeport had a lien amount of $8,630,554.

According to this 2008 article, the 1.39-acre property was previously a marina called the Baldwin Yacht Club. It was transformed into a canal waterfront condominium complex which cost $10.66 million to develop. The plan was to build a 24-units complex and to sell each unit for $500,000.

Continue Reading…

11568 (Old Westbury), 11024 (Kings Point) and 11765 (Mill Neck) were the three most expensive zip codes in Nassau County in the first half of 2011

Continue Reading...

109 Post Road, a historic manor in Old Westbury built in 1776, has been scheduled for auction on October 11th, having a lien amount of $2,225,611.

Continue Reading...

The temporary foreclosure freeze had a massive effect on the number of properties scheduled for auction in the last month of 2010, and its effects will extend into 2011 as well. It has artificially brought down the number of scheduled auctions to pre-crisis levels.

Only 78 properties were scheduled for auction in December 2010 in Nassau County, down 69% over the same month in the previous year. The number is even lower than the value recorded four years ago in December 2006, before the foreclosure crisis had even begun. For January 2011, the count has already reached 117, down by more than 50% over the same month last year. Even though some listings are still expected to be filed for the month, the final number is not expected to be substantially higher.

Continue Reading…

A 8,760 square foot single-family home in Centre Island sold for $8,235,000, according to our records,  to become the most expensive home sold so far this year in Nassau County, NY.

The property was built in 2006, and the owner, Stephen Gatfield, CEO of Loewe Worldwide, put it on the market just two years later, according to a 2008 Newsday article. The original listing price was $11.25 million, according to the same source.

Continue Reading…

We found the top 3 properties in Suffolk County with the highest asking price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports.

5 Eel Cove Road, Suffolk County, NY 11975
sufffolk_top1
Single Family Home

Continue Reading…

It appears that Eastern Savings Bank has repossessed two single family homes in the exclusive New York suburbs of Kings Point and Upper Brookville.  As no sufficiently high bids were made, the properties were repossessed by the banks for $3,929,509 and $2,160,000, placing them among the most expensive repossessed single family homes in Nassau County since 2008.

23 Hunt Court, Upper Brookville

23 Hunt Court, Upper Brookville

Continue Reading…

Here are top 3 properties in Suffolk County with the highest price that hit the market in the past week. You can click on the photos for more listing details or click on the addresses for detailed property reports.

7 Lloyd Cove Court, Lloyd Harbor, NY 11743
suffolk_1
Single family home
Beds: 5
Baths: 5
Asking price: $5,250,000

Continue Reading…

Priciest homes to hit the market in 2010 in Nassau County

By  — 

At the top of the list of the highest priced homes to hit the market in Nassau County in 2010 is a Mediterranean-style home located at 240 Middle Neck Road in Sands Point, listed at $17.5 million.

240 Middle Neck Rd, Sands Point, NY 11050

nassau1

Single family home
Beds: 5
Baths: 6
Price: $17,500,000

Continue Reading…