The former Hy Ting restaurant building has sold.
It was purchased by investors who plan to renovate the building with two second-floor apartments and a restaurant on the ground floor, said Ike Israel of Richmond Realty, the broker on the deal.
The buyer was HREA 54 W Main LLC. The sale closed last week, Israel said.
Jason Breitstone, managing member of the LLC and a principal in a firm called Hildreth Advisors in New York City, posted on about the purchase on the social media website LinkedIn. The buyer paid $475,000 for the two-story brick building at 54 West Main Street, according to Breitstone’s post.
“Excited to have a new property in the family. This is our second acquisition on Long Island this year within an Opportunity Zone. We plan on performing a full renovation to qualify for OZ tax benefits,” he wrote.