News & Press

Damianos Realty Group LLC Announces Newest Acquisition

ISLANDIA, NY-Damianos Realty Group LLC, one of the largest property owners on Long Island, has purchased 3001 Expressway Drive North, a 40,000-square-foot office building in Islandia for $3.85 million, or $96 dollars per square foot, the company announced. The all-cash transaction marks the family’s newest Suffolk County asset in its 22-building Long Island-based portfolio. The seller, Spencer Savings SLG of Elmwood Park, NJ, acquired the property through a foreclosure proceeding against RJP Realty Co. Constructed in 1980, the building is located on both sides of the Long Island Expressway between Veterans Memorial Highway and Motor Parkway. It is currently 50% occupied by medical tenants such as HealthSource, Stony Brook University […]

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A New Tree Grows in SB

“The tradition continues,” said Gloria Rocchio of the Ward Melville Heritage Organization in Stony Brook. She spoke Monday of the recently planted Norway spruce on the Stony Brook Village green. The original Norway spruce, approximately 100 years old and 48 feet tall, had served as the village’s Christmas tree for over 50 years. Stony Brook benefactor Ward Melville himself began the annual tree lighting as a community event. But age finally got to the beautiful evergreen and it had to be taken down, a sad happening on April 19. “It took so long for it to grow,” said Rocchio, “and it came down so fast,” adding “it was a very […]

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Who’s Who in Commercial Real Estate, Cristofer Damianos

Cristofer Damianos is a principal in Damianos Realty Group LLC, a commercial real estate development company in Smithtown that specializes in the development, management and acquisition of office, retail and industrial properties throughout LI. Cristopher Damianos Buying and selling property in today’s economic climate should remain pure and simple, Damianos said. “When buying — be cautious,” he said. “Be conservative. On the selling side, don’t sell right now unless you have to.” Damianos earned a masters degree in business adminstration from Adelphi University and a bachelor’s degree in economics/political science from Tulane University. He is a member of the Association for a Better Long Island; a trustee, appointed by the […]

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