Inked: Commercial Real Estate Deals Across Long Island – October 2025 Market Roundup

Inked: Commercial Real Estate Deals Across Long Island

From Hauppauge to Bellmore, these latest closings and leases reveal where the Long Island market is moving — and what investors should watch next.

Long Island’s commercial real estate scene continues to hum with activity across office, retail, and industrial sectors. Recent deals show that even in a higher-rate environment, demand for strategically located properties remains strong — particularly in high-traffic corridors and flexible-use assets.

Office Expansion in Hauppauge

888 Veterans Memorial Highway, Hauppauge
AnnieMac Home Mortgage is doubling down on its Long Island footprint, expanding its space at 888 Veterans Memorial Highway from 3,096 to 6,417 square feet. The expansion, brokered by Dan Oliver and Scott Berfas of Newmark, with Ray Ruiz, Marianne Dugan, and John Nielsen of JLL representing the landlord Signature Acquisitions, signals continued confidence in Hauppauge’s business corridor — one of Suffolk’s most robust office hubs.

Local take: Hauppauge’s central location, ample parking, and access to the Long Island Expressway continue to make it a draw for finance, insurance, and service-based firms.

Industrial Activity in Nassau and Suffolk

910 Third Ave., New Hyde Park
Ambe RE1 LLC acquired a 5,000-square-foot industrial building for $1.733 million. The buyer was represented by Mark Timpone and Jeremy Hackett of Metro Realty Services, while the seller was self-represented.

119 Gary Way, Ronkonkoma
Gary Way Solutions LLC purchased a 5,000-square-foot industrial property for $1.62 million, with Jeremy Hackett of Metro Realty Services representing both sides.

169 Liberty Ave., Mineola
66 M Liberty Ave. LLC closed on a 5,376-square-foot building for $1.75 million. Hootan Moeirzadeh of Douglas Elliman Commercial represented the buyer, and John O’Kane of O’Kane Realty represented the seller.

Local take: Industrial demand remains one of Long Island’s strongest fundamentals. With limited inventory, properties under 10,000 square feet in proximity to major highways and population centers continue to trade quickly.

Retail and Reuse Deals

2260 Jerusalem Ave., Bellmore
Zwanger-Pesiri Radiology will transform a former 12,200-square-foot Rite Aid into a medical imaging center. Michael Murphy of Douglas Elliman Commercial represented the tenant, while Derek Weinberger of MGD Investments represented the landlord.

281 Walt Whitman Road, Huntington Station
A 3,091-square-foot Dunkin’ Donuts property sold for $2.2 million to 281 Capital Partners LLC, a franchisee affiliate. The deal was handled by Guy Canzoneri and Frank Mannino of Berkshire Hathaway Commercial Services.

34–48 Lowell Ave., Islip Terrace
Papa John’s leased 1,600 square feet with Michael Murphy and Mike Lightcap of Douglas Elliman Commercial representing both tenant and landlord, Islip CRE LLC.

Local take: Retail tenants continue adapting to local demographics. Medical conversions and quick-service restaurant expansions are keeping neighborhood centers vibrant, even as traditional big-box retail contracts.

Flex Space & Former Banks Find New Life

3425 Veterans Memorial Highway, Ronkonkoma
Strain LLC leased a 6,000-square-foot building on .79 acres, previously home to a Flagstar Bank. Michael Zere of Zere Real Estate Services represented both tenant and landlord.

Local take: Former bank branches are seeing renewed attention as ideal spots for small offices, medical, and specialty retail — thanks to drive-thru lanes, high visibility, and parking.

What It All Means

These transactions reveal a dynamic and diversified market:

• Industrial remains king, with smaller buildings trading briskly.

• Retail adaptation is key, from Dunkin’ to diagnostic imaging.

• Office tenants are expanding carefully, choosing high-amenity corridors.

• Vacant banks and big-box spaces continue to be fertile ground for repurposing.

Long Island’s commercial sector is thriving not because it’s immune to broader market pressures — but because local brokers, landlords, and investors are staying nimble.

FAQ

Q: Which Long Island markets are hottest right now?
A: Hauppauge, Ronkonkoma, and Mineola are seeing steady activity for industrial and office space, while Bellmore and Huntington Station lead in retail repositioning.

Q: What’s driving industrial demand?
A: E-commerce logistics, service trades, and limited land availability. Smaller, modern industrial spaces under 10,000 square feet are especially coveted.

Q: Are medical tenants replacing retail on Long Island?
A: Increasingly, yes. Health providers like Zwanger-Pesiri are converting retail locations due to high visibility and easy patient access.

Q: Should property owners consider reusing old bank or retail buildings?
A: Absolutely. Conversions to medical, office, or food service can add significant long-term value — especially in visible, high-traffic corridors.