Nearly 120 acres of Mattituck and Cutchogue farmland has changed hands in a multi-million dollar deal that will surely be one of the North Fork’s largest real estate transactions this year.
The development rights of the property, located along Route 48, Elijah’s Lane and Oregon Road, are intact.
The parcels, which include an abandoned vineyard and a handful of buildings, sold for $8.5 million, according to Joseph DiVello of Albertson Realty, who negotiated the deal.
He declined to identify the buyer. (more…)