Featured Story
02/05/19 2:00pm

COURTESY PHOTO

Shelter Island real estate professionals are unanimous in their optimism about the 2019 market.

Coming out of 2018, with a steep downturn in Community Preservation Fund (CPF) revenues of 44.6 percent from 2017, they see an upswing as deals that closed late in 2018 begin to flow through the pipeline to give a boost to the first quarter of this year.

Money for the CPF comes from a 2-percent tax buyers pay when purchasing East End properties and is used as a concrete market indicator of sales and revenues. (more…)

Featured Story
02/25/18 11:00am
JULIE LANE PHOTO The Capital One bank building is for rent.

JULIE LANE PHOTO The Capital One bank building is for rent.

An iconic Island inn on the block, the ongoing effort to sell a second, and a conversion of the former Capital One Bank building into rental space are dominating the commercial real estate market on Shelter Island. (more…)

Featured Story
02/23/18 10:00am
REPORTER FILE PHOTO

REPORTER FILE PHOTO

With Wall Street on an historic ride, Shelter Island real estate professionals are hoping to cash in by convincing investors to buy property here. (more…)

Featured Story
02/19/18 4:30pm
REPORTER FILE PHOTO

REPORTER FILE PHOTO

With Wall Street on an historic ride, Shelter Island real estate professionals are hoping to cash in by convincing investors to buy property here. (more…)

Featured Story
05/17/17 10:00am
AMBROSE CLANCY PHOTO  Suggested one-hour parking spots would be against the fence and just past the gate as Route 114 curves down to Bridge Street.

AMBROSE CLANCY PHOTO Suggested one-hour parking spots would be against the fence and just past the gate as Route 114 curves down to Bridge Street.

A plan to create more one-hour parking spaces for Bridge Street businesses was met with approval by four Town Board members, skepticism from one and outright dismissal from a member of the audience.

Angelo Piccozzi, representing his family’s businesses on Bridge Street along with six others who petitioned the board to approve the new spaces, presented the idea at the Tuesday work session. Mr. Piccozzi outlined a plan that would create six one-hour parking spaces on the east side of Route 114 as it curves up the hill across from the gas station. (more…)