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Tag: east end

  • Two Long Island hamlets among the top 5 priciest U.S. zip codes | Long Island Business News

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    The continued to dominate Long Island’s presence on the annual list of the 100  in the U.S. 

    Nine of the 11 Long Island locales that made the top 100 list are on the East End, with grabbing the third spot and at number five. Last year, Sagaponack was second and Water Mill was third. 

    Here are the Long Island zip codes and their median home sale prices on the 2025 top 100 list from .com: 

    #3 Sagaponack, $5.925 million  

    #5 Water Mill, $5.5 million  

    #12 Wainscott, $4.5 million  

    #36 Amagansett, $2.998 million 

    #39 Bridgehampton, $2.875 million  

    #40 Old Westbury, $2.864 million  

    #46 Quogue, $2.723 million 

    #85 Fishers Island, $2.213 million 

    #90 Sag Harbor, $2.185 million 

    #91 Southampton, $2.175 million 

    #99 Manhasset, $2.05 million 

    The top spot went to Fisher Island in Miami Beach with a median of $9.5 million, which knocked Atherton, Calif. ($8.333 million) to number two. 

    California again ruled the top of the priciest zip codes list with eight in the top 10. After Atherton, Newport Beach, Calif. had three zip codes in the top 10, with ($5.72 million) at #4, ($5.188 million) at #8 and ($5.1 million) tied with Los Altos, Calif. for #9; Santa Barbara, Calif. ($5.24 million) was #6; and Rancho Santa Fe, Calif. ($4.995 million) at #10. 

    This year, $2 million was the minimum to make the top 100, while five years ago, fewer than 50 of the most exclusive zip codes had reached that mark. For the first time, 10 zip codes had median sale prices of over $5 million.  

    To determine the most expensive zip codes in the U.S., Property Shark looked at residential transactions closed between Jan. 1, 2025, and Sept. 30, 2025, including condos; co-ops; and single- and two-family homes. Median sale prices were rounded to the nearest $1,000.   

    Only zip codes that registered a minimum of five residential transactions were considered. 


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    David Winzelberg

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  • LIA launches support program for East End businesses | Long Island Business News

    LIA launches support program for East End businesses | Long Island Business News

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    A new effort is underway to support East End businesses that are members of the Long Island Association, the region’s largest business group.

    The LIA is launching a program to connect those businesses – large or small – with the organization’s resources. The LIA’s East End Business Support Program includes opportunities to foster business relationships, promote the companies through the LIA’s digital communications and events, and connect with  key government and non-government partners and resources.

    The LIA announced the new program Thursday at Atlantis Banquets & Events in Riverhead at a luncheon called “The Future of Business on the East End.”

    “The LIA’s goal is for all of the businesses on Long Island to be able to access our network of support – from Floral Park to Montauk, and everywhere in between. That’s why we are bringing the LIA to the East End to continue to grow its diverse economy,” Matt Cohen, president and CEO of the Long Island Association, said in a statement.

    The LIA also announced the creation of an East End Committee for its members to be co-chaired by LIA Board members Kristen Reynolds, president and CEO of Discover Long Island, and Kevin O’Connor, CEO of Dime Community Bank. The committee will hold its meetings on the East End, rather than at the LIA’s offices in Melville, and will examine issues related to the growth of the East End economy.

    Businesses operating in the five East End towns (East Hampton, Riverhead, Southampton, Southold, and Shelter Island) with 10 or fewer employees can receive a complimentary six-month LIA membership if they sign up prior to Aug 31. Businesses can also access information about the East End Business Support Program by visiting the new LIA webpage www.longislandassociation.org/east-end/, which also lists partner organizations that support the East End’s economic development.

    “As an LIA Board member and a representative for Long Island’s tourism industry, I applaud this new LIA initiative that spotlights local businesses and the important impacts of the tourism economy on the East End,” Discover Long Island President and CEO Kristen Reynolds, said in a statement. “I am honored to co-chair the LIA East End Business Committee, and I look forward to amplifying the needs of this critical economic driver.”

    “I am extremely excited to be co-chairing the LIA’s East End initiative with Kristen Reynolds, which will be making professional resources more accessible to East End businesses,” Kevin O’Connor, CEO of Dime Community Bank, said in a statement. “As the CEO of on organization that has a 100-plus year history of supporting neighborhood businesses, Dime Bank will be actively promoting LIA’s new program and membership options to our local customer base,”

    Stakeholders gave the LIA’s new program high marks.

    “Agriculture is a critical driver of Long Island’s economy, and we at the department work hard to create and support programs that boost these local food and beverage businesses and help connect them with new opportunities,” Richard Ball, New York State agriculture commissioner, said in a statement. “The work of the East End Business Support Program aligns closely with our mission of promoting local producers, and we commend the Long Island Association for helping to ensure that Long Island’s agricultural community can continue to thrive.”

    “The Town of Riverhead is literally the gateway to the East End and in recent years has become a top destination, not only to visit but to conduct business,” Connie Lassandro, president of the Riverhead Chamber of Commerce, said in a statement. “These businesses are the very backbone of our downtown and the surrounding towns. Riverhead is a community rich in diversity with an abundance of wineries, breweries, waterways and restaurants. These assets along with great leadership provide tremendous opportunity for businesses, entrepreneurship and residents to prosper,”

    “As Long Island and in particular the East End continues to evolve it is great to see the LIA evolve and bring the valuable and needed resources to our East End businesses,” Juan Micieli-Martinez, president of the board of directors of the Long Island Farm Bureau, said in a statement.

    “Our family of restaurants is excited to be a part of the expansion of the LIA. We are looking forward to helping connect the hospitality industry on the East End with LIA members and resources for a more fruitful tomorrow,” Tora Matsuoka, a partner of Seasoned Hospitality, said in a statement.

    Thursday’s event also a featured on  a presentation from Newsday on growth opportunities form industries in aquaculture, fisheries, marine construction, maritime transportation, offshore wind, marine research, and tourism and recreation.”Our extensive research provides a new way for Long Island to grow its economic base, especially on the East End, by using the waters that surround our island,” Rita Ciolli, the director of Newsday’s nextLI project, said in a statement.

    The event included a discussion on agriculture, food and beverage, tourism and small business.

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    Adina Genn

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  • Historic Maidstone Inn trades for $17M | Long Island Business News

    Historic Maidstone Inn trades for $17M | Long Island Business News

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    The historic Maidstone Inn, the East Hampton property with roots dating back centuries, has been sold. 

    The buyers are Tilray Brands CEO Irwin Simon and restaurateur Mayank Dwivedi. Publicly traded Tilray Brands is a pharmaceutical, cannabis and consumer goods conglomerate, which recently acquired Montauk Brewing Company. 

    Though the price was not disclosed, real estate sources say it was about $17 million. 

    The building at 207 Main St. that currently houses the Maidstone was constructed more than 180 years ago, though the property dates back to the 1600s. 

    The Maidstone has 19 guest rooms, a 76-seat restaurant and bar. The building and separate cottages total about 11,000 square feet on 1.14 acres, according to public records.  

    The sellers, Jenny and Jonathan Baker, have owned the Maidstone since 2008 and will retain some continued ownership in the property going forward. The buyers are planning to re-open the Maidstone for the season on May 15. 

    Tony Cerio, Mitch Natter and Jared Schiavoni of Brown Harris Stevens represented the buyers, while Jonathan Solomon of Luxury New York Group represented the sellers in the sales transaction. 

    “My firm is thrilled to have been a part of the sale of the Maidstone,” Solomon said. “The hotel has a rich history and is a beloved institution in the community. We’re confident that the new owners will continue to maintain and enhance its legacy.” 

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    David Winzelberg

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