May 4, 2025 - 00:51
Recent real estate transactions on Shelter Island have revealed significant activity in the local market. Notably, Stephen and Karen Ferrara have sold their property located at 3 South Cartwright Road to 3 South Cart LLC for a transaction valued at $710,000. This sale marks a noteworthy change in ownership for the property, reflecting ongoing interest in the Shelter Island area.
In nearby Cutchogue, a substantial deal was recorded as North Fork Storage LLC transferred ownership of the property at 115 Commerce Drive to Prime Storage North Fork LLC for an impressive $19 million. This transaction highlights the growing demand for storage solutions in the region, indicating a trend toward expanding commercial facilities.
These recent transfers underscore the dynamic nature of real estate on Shelter Island and its surroundings, as buyers and sellers navigate a competitive market. The developments suggest a robust interest in both residential and commercial properties, contributing to the area's economic vitality.
