
Ronkonkoma, NY TRITEC has started pre-leasing 388 residential apartment units at The Core, the next phase of Station Yards, TRITEC’s $1.2 billion development at the Ronkonkoma Train Station.
When complete, Station Yards will have 1,450 residential units, 360,000 s/f of office, 195,000 s/f of retail, and 60,000 s/f of hospitality space.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,