Picone Realty
Picone Realty is a third-generation, family-owned commercial and residential real estate management and acquisition company on Long Island, NY, founded in 1946. It owns and manages properties along Route 110 and serves commercial tenants and residential renters in the region.
- Company typePrivate
- Founded1946
- HeadquartersFarmingdale, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Picone Realty does
Picone Realty operates as the trade name for Picone Acquisition Corp., a third-generation family-owned real estate management and acquisition company headquartered at 1815B Broad Hollow Rd, Farmingdale, NY. Founded in 1946 by the Picone family, the firm originally manufactured concrete blocks in the Brooklyn region and migrated into Long Island's real estate market alongside the area's post-war growth. Today, the company is led by CEO Joseph Picone Jr. and executive Joseph Picone III, with a headcount in the 51-100 range, and operates through two wholly owned subsidiaries: Picone Realty, Inc. and Joseph Picone & Son, Inc.
The company's core business is commercial and residential real estate on Long Island, with a particular concentration of owned property along Route 110, described in source material as Long Island's busiest commercial corridor. Service lines include property management, leasing and development, property maintenance, commercial and residential leasing/rentals/sales, and real estate development. Two commercial rental properties are actively listed for lease: 585 Broad Hollow Road in Melville and 8870 State Route 97 in Callicoon. The company reports recurring property management revenue and transaction-based revenue from rentals and sales, with no publicly disclosed pricing.
Picone goes to market through direct client engagement supported by phone-based inquiry and a light social media presence on Facebook and Instagram. Distribution is regional, focused on Long Island, NY, with a referral relationship to Tiffany Ann Real Estate Co. and a historical broker partnership with Hunt Corporate Services, Inc. There is no proprietary technology platform, no AI/ML capabilities, no disclosed app, and no API surface; the website is a static CMS site. Marketing is primarily word-of-mouth and direct outreach, with customer testimonials featured on the company website.
Picone Realty firmographics
Firmographics- Name
- Picone Realty
- Legal name
- Picone Acquisition Corp.
- Website
- https://piconerealty.com
- Company type
- Private
- Founded year
- 1946
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Picone Realty is a third-generation, family-owned commercial and residential real estate management and acquisition company on Long Island, NY, founded in 1946. It owns and manages properties along Route 110 and serves commercial tenants and residential renters in the region.
- Ownership category
- akta.pro rank
Picone Realty industry classification
Industry- Product category
- Commercial Real Estate Property Management
- NAICS
- Lessors of Real Estate (5311), Nonresidential Property Managers (531312), Rental and Leasing Services (532)
- SIC
- Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Office Real Estate Asset Management (BPAJAMAG)
- akta.pro secondary industry
- Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)
Keywords
Where Picone Realty is headquartered
LocationHeadquarters
- HQ city
- Farmingdale
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Picone Realty business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Property Management Services: Ongoing property management, leasing, and development services generating recurring revenue from commercial and residential property portfolios.
- Commercial and Residential Leasing/Rentals/Sales: Transaction-based revenue from property rentals and sales, including both commercial and residential real estate transactions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Picone Realty product offering
Product offeringCore offering
Picone Realty is a third-generation family-owned real estate management and acquisition company operating on Long Island since 1946. The company manages and develops an array of commercial and residential properties, offering property management, leasing, development, maintenance, and sales/rental services along Long Island's commercial corridors, including Route 110.
Product overview
Picone Realty, operated by Picone Acquisition Corp. and Joseph Picone & Son, is a third-generation family-owned real estate management and acquisition company serving Long Island since 1946. The company offers a focused portfolio of commercial rental properties, including two available listings: 585 Broad Hollow Road Melville and 8870 State Route 97 Callicoon. The company specializes in property management, leasing and development, property maintenance, and commercial and residential leasing, rentals, sales, and real estate development.
Differentiator
Problem solved
Functional benefit
Products and services
- 585 Broad Hollow Road Melville Property Commercial rental property located at 585 Broad Hollow Road, Melville, NY 11747, available for lease through Picone Realty. Listed as one of the company's available commercial spaces for businesses seeking office, warehouse, or other commercial use on Long Island.
- 8870 State Route 97 Callicoon Property Commercial rental property located at 8870 State Route 97, Suite C, Callicoon, NY 12723, available for lease through Picone Realty. Listed as one of the company's available commercial spaces.
- Property Management, Leasing and Development Services Full-service real estate management offering for commercial and residential property owners and tenants on Long Island, including ongoing management, leasing, development, and maintenance of an array of real estate properties.
- Commercial and Residential Leasing, Rentals, and Sales Brokerage and transaction services for leasing, renting, and selling commercial and residential real estate on Long Island.
- Property Maintenance Services Ongoing maintenance services for managed commercial and residential properties, supporting the long-term upkeep of Picone's real estate portfolio.
- Real Estate Development Services Real estate development services covering commercial, industrial, and residential endeavors, leveraging the Picone family's origins in concrete block manufacturing for construction expertise.
Companies that use Picone Realty
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles3 records
Picone Realty technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Picone Realty partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor.
- Hunt Corporate Services, Inc.minorHunt Corporate Services, Inc. announced on behalf of Picone Realty that the company provided prime retail space on Route 110 for the Marine Toys for Tots campaign. Hunt Corporate Services represents clients for commercial real estate acquisition or disposition. Andy Dorman, an associate broker with Hunt Corporate Services in Plainview, initially contacted Joe Picone Jr. for the Toys for Tots partnership.
- Tiffany Ann Real Estate Co.minorTiffany Ann Real Estate Co. is referenced on the Picone Realty website as a connected entity, with a link to their website (tiffanyanncorp.com).
Scale indicators2 records
Recent moves4 records
Expansion highlights3 records
Picone Realty competitors and assessment
Company assessmentDirect peers
- Rechler Equity Partners: Long Island-based commercial real estate owner, operator, and manager with a multi-generational family structure (Rechler family), directly comparable to Picone as a regional owner-operator of Long Island office and industrial property.
- Tritec Real Estate: Long Island-based commercial real estate developer, owner, and manager focused on Long Island office, retail, and mixed-use; comparable regional owner-operator competing for similar tenants and development opportunities.
- Houlihan-Parnes Realtors: Long Island-focused commercial real estate owner, manager, and broker; directly comparable regional competitor operating across office, retail, and industrial leasing and property management.
Broad incumbents
- Kimco Realty: Public shopping center and open-air retail REIT with significant Long Island presence; competes with Picone for retail/commercial tenants and as a potential acquirer of similar Long Island assets.
- JLL (Jones Lang LaSalle): Global commercial real estate services and investment firm; competes with Picone for Long Island commercial property management mandates and tenant representation work.
- RXR Realty: Large Long Island / NYC metro commercial real estate owner-operator and developer; comparable in Long Island geography and office/retail asset class but operates at materially larger scale with institutional capital.
- Newmark Group: Commercial real estate advisory and services firm active in Long Island office leasing and property management; directly comparable on commercial leasing/management services though at national scale.
- CBRE Group: Global commercial real estate services firm with major Long Island office; comparable as commercial property management and leasing service provider serving similar tenant base, though at vastly larger scale.
- Cushman & Wakefield: Global commercial real estate services firm (brokerage, property management, valuation) with Long Island operations; overlaps with Picone on commercial leasing and property management services for office and retail.
- Vornado Realty Trust: Office-focused REIT with concentrated NYC and Long Island / tri-state office holdings; competes for similar office tenants and could pursue acquisition or redevelopment of comparable Long Island assets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Picone Realty social profiles
Digital presencePicone Realty financial estimates
Financial estimateRevenue estimate
Valuation estimate
Picone Realty leadership team
Management profileNumber of profiles
Profiles2 records
Picone Realty subsidiaries and ownership
Company hierarchySubsidiaries2 records
Picone Realty funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Picone Realty M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Picone Realty
What does Picone Realty do?
Picone Realty is a third-generation family-owned real estate management and acquisition company operating on Long Island since 1946. The company manages and develops an array of commercial and residential properties, offering property management, leasing, development, maintenance, and sales/rental services along Long Island's commercial corridors, including Route 110.
Is Picone Realty a public or private company?
Picone Realty is a private company. It is classified as family owned and is currently operating.
When was Picone Realty founded?
Picone Realty was founded in 1946. It employs 51 to 100 people.
Where is Picone Realty based?
Picone Realty is headquartered in Farmingdale, United States, in the North America region.
How does Picone Realty make money?
Two revenue lines are on record. Property Management Services are the primary driver. The others are commercial and Residential Leasing/Rentals/Sales.
Who are Picone Realty's main competitors?
Direct peers on record are Rechler Equity Partners, Tritec Real Estate and Houlihan-Parnes Realtors. Broad incumbents are Kimco Realty, JLL (Jones Lang LaSalle), RXR Realty, Newmark Group, CBRE Group, Cushman & Wakefield and Vornado Realty Trust.
Does Picone Realty have an API?
No public API is recorded for Picone Realty.
What industry is Picone Realty in?
Picone Realty's product category is Commercial Real Estate Property Management. Its primary akta.pro industry code is BPAJAMAG, Office Real Estate Asset Management, with a secondary code of BPAJAAAE, Residential Investment Property Brokerage (SFR/Small Multifamily). Its NAICS code is 5311 and its SIC code is 6519.