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Originally known as Jericho Manor, the building was purchased by Nick Leone in 1973, and became Jericho Terrace in 1984, after Leone made additions and improvements to create an even more beautiful setting for special events such as weddings. A self-made man, Leone entered the hospitality business as a dishwasher in the late 1950s, and worked his way up to the positions of both executive chef and sales manager. With the knowledge he had acquired Leone decided to open his own operation, and the restaurant has been in business ever since.

In 2002, Nick Leone passed the management of Jericho Terrace to his son Chris. Having worked at the family business as a teenager and during college, Chris was well prepared for the job and the restaurant has continued to flourish under his direction. Most recently, Jericho Terrace was recognized in the 2013 Bethpage Best of Long Island as the best place to have a wedding.