News & Press

Damianos Realty Group Acquires Smithtown Office Building

DAMIANOS REALTY GROUP ACQUIRES SMITHTOWN OFFICE BUILDING Smithtown, New York (July 30, 2015) – Damianos Realty Group LLC announced that it has acquired a Smithtown office building. Family owned Damianos Realty, one of the largest property owners on Long Island, paid $10.625 million for 50 Route 111, Smithtown, a 50,000-square-foot, three-story office building. The seller was Fairfield Properties, of Melville, New York. The transaction closed on July 21. John LaRuffa of NAI Long Island represented the seller and John Finn of Damianos Realty Group LLC represented the buyer. The Class-A building, constructed in 1984 and located on the west side of State Route 111 in the Village of the Branch, […]

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OSI’s former Melville site sold to developers

The former headquarters of OSI Pharmaceuticals Inc., on Pinelawn Road in Melville, has been purchased by a pair of developers who hope to lease it out to a large corporate tenant.
 
Damianos Realty Group LLC of Smithtown and Little Rock Construction and Properties Inc. in East Setauket bought the 62,000-sqaure-foot building, designed by renowned architect Richard Meier, in a deal that closed Wednesday. Although the purchase price was not disclosed, it was bought for less than the asking price of $8 million, said X. Cristofer Damianos, principal at Damianos Realty.
 
“It’s a great building in a great area,” he said. The modernistic building whose design has been praised by critics, was built […]

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