Not sure if any other domain blogs picked this story up yet but here it goes. This entrepreneur bought over 200+ Long Island domains including LongIsland.com for an undisclosed amount of money. The last time LongIsland.com sold it was for $370,000. If you read the story he paid way more than that.
Andrew Hazen, who is chief executive of several companies and organizations including Angel Dough Ventures, an angel investor group, and BobbleBoss, a custom bobblehead maker, closed on the purchase of the domain names and accompanying marketing business, Long Island Media, last week.
“The portfolio of 200-plus domain names are comparable to real estate. This is digital real estate,” Hazen said. “I am looking to add content and develop more than just written content.”
Hazen declined to say how much he paid for the portfolio of domain names and active websites. Commack-based internet marketing company InternetPoint.com had purchased the domain name LongIsland.com in 2010 for $370,000 in an online auction.
Full story is below: