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
09/18/18 8:00am
COURTESY PHOTO Susan Cincotta (right) receives the town’s first check from the town’s grant program for upgrading her septic system from Judy Meringer, personal secretary to Supervisor Gary Gerth.

COURTESY PHOTO
Susan Cincotta (right) receives the first check from the town’s grant program for upgrading her septic system from Judy Meringer, personal secretary to Supervisor Gary Gerth.

The first Islander to receive a check from the town for a nitrogen-reducing septic system is real estate professional Susan Cincotta for her Midway Road residence.

Ms. Cincotta has a town check for $9,663. Suffolk County approved the payment earlier, and will pay her contractor directly for installation. (more…)

Featured Story
07/05/18 12:00pm
COURTESY PHOTO

COURTESY PHOTO

What a number of Island real estate professionals called “shocking” was news that the Community Preservation Fund (CPF) numbers — a good indicator of sales — for the first five months of 2018 were down by 41.3 percent from the same time last year, while numbers for the CPF on most of the East End are increasing. (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…)