What’s New on Long Island: November 2025 Developments

From Hicksville to Medford, Long Island’s commercial real estate market continues to move full steam ahead. Retail, industrial, and investment properties saw steady activity across Nassau and Suffolk counties this month, with a mix of new tenants moving in and investors adding Long Island assets to their portfolios. Here’s a look at the latest deals shaping the region’s business landscape.

ATL Wings Spreads Its Flavor to Garden City Park

ATL Wings has landed in Garden City Park, leasing an 1,805-square-foot retail space at City Park Plaza, 2441 Jericho Turnpike. The space, formerly home to Brooklyn Wing House, will keep the chicken tradition alive with ATL’s Arizona-style wings and sauces.

• Tenant rep: Melissa Naeder, Cushman & Wakefield

• Landlord rep: John Tannenbaum, Garden City Park Associates

With Jericho Turnpike’s steady foot traffic and strong dining mix, this location should be a hot spot for both commuters and locals.

Fidelis Care Expands in Hicksville

In Hicksville, health insurance provider Fidelis Care leased 2,000 square feet in the Delco Plaza shopping center at 65 East Old Country Road. The space, formerly occupied by Jenny Craig, sits in a prime retail corridor just minutes from Broadway Mall and major thoroughfares.

• Tenant rep: Melissa Naeder, Cushman & Wakefield

• Landlord rep: Neil Schorr, Realty Insight Group

The move underscores ongoing demand from healthcare and service-oriented tenants seeking visibility in Nassau’s busiest commercial hubs.

Industrial Action in Bay Shore

Over in Bay Shore, Su Family 8 Grant LLC purchased a .68-acre industrial property at 8 Grant Ave. for $2.1 million.

• Buyer rep: Jeremy Hackett, Metro Realty Services

• Seller reps: Rich Pino and Dave Blanc, R&R Commercial Realty Group

Industrial trades like this continue to highlight Suffolk County’s strength as a logistics and light manufacturing hub, especially with proximity to Sunrise Highway and the LIRR.

Pallet Kings Expands to Medford

PBBSNYC Medford LLC, affiliated with Pallet Kings Liquidators, signed a lease for 25,000 square feet at 2052 Route 112 in Medford.

• Tenant & Landlord rep: Michael Murphy, Douglas Elliman Commercial

The property, formerly Angela’s House Home Store, will give Pallet Kings more warehouse and retail capacity — a sign that discount and liquidation retailers continue to thrive on Long Island’s Route 112 corridor.

Investment Play in Baldwin

In Baldwin, Hermes Management LLC, a New York City-based firm, acquired a 4,500-square-foot Chase Bank property on 1.09 acres at 1235 Grand Ave. for $3.6 million, reflecting a 5.36% cap rate.

• Buyer rep: Anne Chang, JadeStone Real Estate Consulting

• Seller rep: Dylan Silber, Silber Investment Properties

This triple-net leased investment adds another stable Nassau County asset to Hermes’ growing portfolio.

Double Industrial Deal in Deer Park

Brooklyn investor Bob Wu purchased two adjacent industrial buildings at 68–70 East Jefryn Blvd., Deer Park totaling 36,000 square feet across 1.87 acres for $7.4 million. The fully leased properties are home to 13 tenants and traded at a 6.5% cap rate.

• Buyer rep: Michael Gronenthal, Douglas Elliman Commercial

• Seller rep: Desmond Mullins, Premier Commercial Real Estate

Deer Park’s central location and strong tenant mix continue to make it a favorite among industrial investors.

Mixed-Use Momentum in East Northport

Jay Collins purchased a 9,975-square-foot mixed-use building at 2–20 Larkfield Road, East Northport for $2 million. The property includes four commercial spaces and one apartment, with plans for the buyer to occupy a 2,500-square-foot retail unit. The deal traded at a 6.6% cap rate.

• Buyer & Seller rep: Stefanie Cosentino, Cosentino Realty Group

East Northport’s downtown corridor continues to see fresh energy from local owner-operators looking to blend business and community life.

The Takeaway

Long Island’s commercial real estate market remains steady and diverse, with strong activity across retail, industrial, and investment sectors. From new restaurants and healthcare tenants to savvy investors eyeing stable income properties, the region continues to attract both local and out-of-town interest — a positive sign heading into the new year.

FAQs

Q: Which Long Island areas are seeing the most commercial activity right now?
A: Hicksville, Garden City Park, and Deer Park remain hot spots for retail and industrial leases, while Bay Shore and Medford continue to attract warehouse and logistics users.

Q: What’s driving investment in Long Island commercial real estate?
A: Proximity to New York City, strong consumer demand, and stable tenant bases make Long Island a safe bet for investors seeking long-term returns.

Q: Are retail spaces still in demand on Long Island?
A: Yes — particularly for service, healthcare, and food-related tenants. Locations with strong visibility and parking continue to lease quickly.

Q: How are cap rates trending on Long Island?
A: Most stabilized investment properties are trading in the 5%–6.5% range, depending on location, lease terms, and tenant credit.