GA Keen Realty Advisors, a division of Great American Group, Inc. (OTCBB:GAMR), is selling the Long Island National Golf Club in Riverhead, New York through a bankruptcy sale process.
Located at 1793 Northville Turnpike, in the heart of Long Island’s east end wine country and minutes from the world-famous ” Hamptons”, the public golf club is best known for its links-style design created by renowned golf course architect Robert Trent Jones, Jr. The 150 acre site is also suitable for residential development pursuant to its current zoning designation.
“While many golf courses have seen revenues decline over the past few years, Long Island National Golf Club has maintained its profitability,” said GA Keen Realty Advisors Co-President Matthew Bordwin. “The course’s success, masterpiece design and location among scenic farmlands and vineyards make it a highly desirable purchase for buyers and investors. Further, the beauty of the Long Island’s East End, specifically the North Fork’s wine region, makes this a terrific residential development opportunity as well.”
The 6,838-yard course was created to take advantage of rolling hills, dramatic elevation changes and a spectacular mix of traditional design elements. The sale includes the 18-hole links-style course developed on a 150-acre landscaped site, along with a pro shop, grill and clubhouse with a full-service restaurant.
The property and facilities are being marketed as part of a bankruptcy sale and offers are now being considered.
The Gatz family, the property’s owner, took the management of the course over back in 2010. This is a developing story. I’ve reached out the GA Keen for comment. If you have a tip… drop me a line.
Here’s a link to the actual listing on GA Keen’s site.