Fire Island Pines Resort For Sale

Fire Island Pines Resort

Five years ago three young hotshots bought the bulk of the commercial district in Fire Island Pines for a reported $17M. Later this month that same group of businesses goes up for auction for a considerably lower opening bid.

Maltz Auctions, a leading full-service auction company serving the New York metropolitan region, announced today that it will auction The Fire Island Pines resort commercial district complex, comprising restaurants, nightclubs, retail, a hotel and residential housing, conveniently located only 90 minutes from New York City.

Considered the best-known and most beloved gay community in the world, with its famous sandy beaches facing the Atlantic Ocean, The Pines is the premier gay vacation get-away in the tri-state area and attracts an affluent, international audience. Originally listed at $24.925 million, the suggested opening bid is only $8.5 million, offering tremendous potential to the right buyer to convert the existing Hotel, the only commercially zoned hotel in The Pines, into a boutique hotel.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Joe Jervis – See the Full Story at Joe.My.God

Click here for gay realtors, mortgage lenders, and other real estate professionals in New York.

If you have a gay real estate story that you’d like to share with us, contact us at info@2016.gayrealtynetwork.com

Leave a Reply

Your email address will not be published. Required fields are marked *