News & Press

Creating A Statue of The Bull Rider

Creating a statue of the bull rider, Richard Smythe…by Bradley Harris, Smithtown Historian Last Thursday, Cris Damianos invited me to join him on a trip into Brooklyn to visit the art studio where the statue of Richard Smythe is being created. Richard Smith and his sister Libby joined us on the early morning trip to Studio EIS which took us deep into the Red Hook section of Brooklyn. We parked along the bank of the East River within sight of the Statue of Liberty. We walked up 32ndStreet through a canyon created by six story industrial buildings until we found an entrance door marked No.68. We entered the building and […]

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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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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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