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Recorded Deeds 02.14.19

Recorded Deeds 02.14.19

By
Star Staff

Recorded Deeds

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

 

EAST HAMPTON 

N. Riley to Cardinal Family L.L.C., 130 Bull Path, 3.24 acres, Nov. 28, $7,900,000.

V. Palumbo to J. Papas, 21 Warwick Road, .59 acre, Nov. 29, $615,000.

K. Sutherland to C. anf L. Tahbaz, 93 Osborne Lane, .25 acre, Feb. 10, $1,795,000.

 

MONTAUK

A. Scott Trust to A. Taylor, 419 East Lake Drive, and lot 2-022, 1.66 acres, Nov. 29, $1,375,000.

W. Bergen to 26 Brisbane Road L.L.C., 50 Firestone Road, .18 acre, Dec. 17, $750,000.

Bergen, Welch, and Narizza to Stannard L.L.C., 46 Firestone Road, .58 acre, Dec. 3, $700,000.

V. Bustamante to J. Krajicek, part of South Faraday Street (vacant), Dec. 12, $50,000.

E. Fink Trust to 119 GV L.L.C., 100 Deforest Road, Unit 19, Dec. 17, $1,250,000.

T. Pezzano and C. Butera to M. Feldman and S. Ross, 80 Franklin Drive, .17 acre, Dec. 4, $1,550,000.

 

NOYAC

H. Fischman (by referee) to Diplomat Property, 36 Margaret Drive, .64 acre, Dec. 11, $1,135,331.

N. Chapman to T. and D. Goetz, 9 Walnut Street, .11 acre, Dec. 11, $535,000.

60 Harbor Drive L.L.C. to L. Beudert, 60 Harbor Drive, 

Bay Point, .42 acre, Jan. 10, $20,000.

 

SAG HARBOR

M. Smith to P. Dupreelle and Perruzzi, 137 Madison Street, .16 acre, Dec. 21, $1,640,000.

J. and P. Zankel to P. Zamoyska Trust, 71 Jermain Avenue, .97 acre, Dec. 3, $3,200,000.

 

SAGAPONACK

Ocean’s One Marina to JJ Neptune L.L.C., 10 Sagg Road, 4.34 acres, Jan. 9, $3,800,000.

 

SPRINGS

D. Lesnik to K. Collins, 495 Three Mile Harbor-Hog Creek Road, .25 acre, Dec. 18, $619,000.

U.S. Bank National Association to S. Turza, 107 Gardiner Avenue, .5 acre, Dec. 27, $597,732.

E. and R. Bartky to S. and A. Basham, 14 Glenway, .4 acre, Dec. 16, $1,400,000.

 

WAINSCOTT

D. and B. Morea to B. Spillane and Marchiano, 8 Sachem’s Path, .7 acre, July 13, $1,600,000.

 

Data provided by Suffolk Research Service of Southampton.

Apothecary and Latin Food Coming to Sag Harbor

Apothecary and Latin Food Coming to Sag Harbor

A branch of White’s Apothecary will take over the space now occupied by Harbor Books, but will have a small offering of titles recommended by the bookstore.
A branch of White’s Apothecary will take over the space now occupied by Harbor Books, but will have a small offering of titles recommended by the bookstore.
Jamie Bufalino
By
Jamie Bufalino

Two new businesses will soon be opening on Main Street in Sag Harbor. White’s Apothecary, the upscale pharmacy with branches in East Hampton and Southampton, will take over the 20 Main Street space previously occupied by Harbor Books, and the owners of Sen will launch a new restaurant in the former site of La Superica, the popular Mexican restaurant that closed in 2017. 

David Schwartz, the owner of White’s Apothecary, said the Sag Harbor store will open this summer, and will, in partnership with Harbor Books, feature a section of best-selling literature.

“Harbor Books will continue to have a home with us . . . and we are excited to continue partnering with surrounding establishments to increase small business visibility and success,” Mr. Schwartz said in a prepared statement. 

“I’m happy to have them,” Ted Seiter, the owner of the building, said of White’s. The company’s lease begins March 1, he said, but renovations to convert the store into a pharmacy would take a couple of months to complete. 

White’s Pharmacy was established at 81 Main Street in East Hampton Village in 1873, and has occupied the same space since then, making it the oldest continually operating retail business in that village. In 2013, Vincent Alibrani, the store’s owner at the time, sold it to Nyco Corp, a company that operates City Chemist in three Brooklyn locations as well as in Long Island City. The first East End expansion of White’s Apothecary was in July 2015, when a store opened in Southampton.  

Taylor Rose Berry, the owner of Harbor Books, announced on Nov. 23 that she would be forced to give up her space due to increased rent. Ms. Berry, who opened the store in the fall of 2014, said she was optimistic that she would find a new location in Sag Harbor for her business. She did not respond to a request to comment on the arrangement with White’s. 

The owners of the Japanese restaurant Sen — Jeff Resnick and the brothers Jesse and Tora Matsuoka — announced last week that they would be opening a new restaurant in the 1 Main Street building that was previously the site of La Superica, a Mexican restaurant that had been a Sag Harbor fixture for more than 25 years. Mr. Resnick was one of the original founders of La Superica. The concept for the new restaurant, due to open in May, will be “beach street food with Latin influences,” Jesse Matsuoka said on Monday. The menu will feature tacos and tequila, he said, the space will have an open kitchen, and the restaurant will be open year round.

Recorded Deeds 02.21.19

Recorded Deeds 02.21.19

By
Star Staff

BRIDGEHAMPTON

CAHEJA L.L.C. to C. Wein, 193 Lumber Lane, .18 acre, Dec. 21, $1,125,000.

M. Doherty to 212 Lumber Lane Corp., 212 Lumber Lane, .09 acre, Jan. 10, $995,000.

EAST HAMPTON

GJ Ventures L.L.C. to P. Bartley, 82 Northwest Landing Road, .29 acre, Dec. 18, $785,000.

J. Owen (by referee) to Wilmington Savings Bank, 13 Whooping Hollow Road, .59 acre, Dec. 21, $675,000.

M. and D. Derrig to Tree Tops Two Holes, 195 Two Holes of Water Road, 2.07 acres, Dec. 19, $4,200,000.

K. Yetman to Damark and Medford Damark, 15 Gardiner Cove Road, .72 acre, Dec. 26, $700,000.

J. Rosenberg to M. Rodriguez and Ramirez, 26 Diane Drive, .95 acre, Jan. 3, $850,000.

MONTAUK

J. Wielage and L. Ryan to M. Carimando, 268 Fairview Avenue, .51 acre, Dec. 18, $1,150,000.

T. Liberi (by executor) to J. Miller and E. Pollard, 57 Seaside Avenue, .42 acre, Dec. 21, $1,095,000.

S. Panzarino to S. and L. Davis, 16 South Elroy Drive, .29 acre, Dec. 22, $12,000.

NOYAC

J. and K. Wolfe to 20 Eastview Court L.L.C., 20 Eastview Court, 1.1 acres, Dec. 5, $999,000.

Topaz Fine Home Building to Poopsie Woopsie L.L.C., 10 Hillside Avenue, .6 acre, Jan. 3, $2,150,000.

SAG HARBOR

Heirloom Partners L.L.C. to V. Hubert and C. Wood, 71 Franklin Avenue, .15 acre, Dec. 3, $998,000.

S. Rupert (by executors) to J. Vaccari and S. Fleming, 56 Harrison Street, .33 acre, Dec. 20, $990,000.

SAGAPONACK

A. Gallo and S. Esser to N. Gutierrez and Vaughan, 350 Topping’s Path, .65 acre, Dec. 13, $952,750.

A. and E. Reid to Mosbeard L.L.C., 836 Sagaponack Main Street, 3.27 acres, Jan. 8, $9,000,000.

SPRINGS

M. Hannibal to C. Katsaros and Sargenti, 461 Old Stone Highway, .48 acre, Nov. 30, $762,500.

M. Otten Trust to Town of East Hampton, 13-17 Crandall Street, .46 acre (vacant), Dec. 26, $250,000.

WATER MILL

A. Gugliotta Development to Coast Point Holdings, 39 Old Country Road, 1.05 acres, Dec. 28, $2,700,000.

Legal Daggers Drawn at the Spur

Legal Daggers Drawn at the Spur

Construction has stalled on the Spur’s planned flagship location in Southampton, and the building’s owner wants to kick the co-working space out for good.
Construction has stalled on the Spur’s planned flagship location in Southampton, and the building’s owner wants to kick the co-working space out for good.
By
Jamie Bufalino

Bruce Lewin, the owner of 690 Hampton Road in Southampton Village — the building in which the Spur, a co-working space, is developing its flagship — is seeking to remove the company as a tenant. He said on Tuesday that Ashley John Heather, the Spur’s C.E.O., had breached a lease agreement in part because the site, at which construction has currently ceased, is unsafe and is not encompassed by a fence. Disputing that claim, Mr. Heather said that a village building inspector assured him that a fence is only required during active construction.

Mr. Lewin also accused Mr. Heather of misappropriating money from a $1 million loan. He said that shortly after he purchased the building for $4.5 million last May, he entered into a 25-year lease with the Spur. Since the space had previously been a car dealership and needed intensive renovation, Mr. Lewin said, he loaned the Spur $1 million for construction. “I was given 5 percent of the company as incentive,” he said.

As part of the loan agreement, according to Mr. Lewin, Mr. Heather was supposed to put “400 and some odd thousand dollars” into an escrow account for rent payment.

Mr. Lewin contends that instead of depositing the Spur’s money into escrow, Mr. Heather used money from Mr. Lewin’s loan. “He made a conscious effort to fool me,” Mr. Lewin said. “To lead me to believe they were paying me rent.”

Although Mr. Heather took issue with Mr. Lewin’s characterization of the financial maneuvering (“It’s a little bit more complicated than that,” he said), he did not dispute the underlying claim: “We use the funds that we have, to do what we need,” he said.

Mr. Heather is also being accused of not paying in full for the construction done on the Spur building (as well as on his house in Water Mill) by the DeVito and Company firm. Frank DeVito, the owner, said that he pulled out of both jobs in November when it became clear that payment would not be forthcoming.

Mr. DeVito, who said he intends to file suit for the money he is owed, said that he was particularly dismayed by Mr. Heather’s announcement on Feb. 13 that the Spur would be using company resources to develop a new location in East Hampton rather than paying off past-due bills. “Ashley’s been chasing money for years now,” Mr. DeVito said. “People are comparing him to the guy rom the Fyre Festival,” he said, referring to Billy McFarland, who in 2017 pulled an alleged bait and switch by selling tickets to an extravagant music event in the Bahamas that turned into a notorious fiasco.

Mr. Heather countered by saying that Mr. DeVito had been fired from the Spur project; he provided a termination letter to back up the claim. Mr. DeVito’s other allegations, said Mr. Heather, were simply “sour grapes.”

As for Mr. Lewin, Mr. Heather said he understood why he would be concerned by the delay in getting the Spur’s new space open for business, but he promised that Mr. Lewin would ultimately be rewarded for his investment. “I want to make sure he’s whole,” he said.

Mr. Heather said that Spur has no intention of giving up its lease on Mr. Lewin’s building. Kevin Mulry, Mr. Heather’s attorney, wrote in a Feb. 15 letter to Peter Guirguis, Mr. Lewin’s attorney, that none of Mr. Lewin’s claims against the Spur “would require a release of a security deposit or a surrender of the premises.”

Nevertheless, on Monday, Mr. Lewin said he was determined to remove his current tenant. “I want my property back, I want the lease ended, and I want my money back,” he said.

Recorded Deeds 02.28.19

Recorded Deeds 02.28.19

Recorded Deeds

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

BRIDGEHAMPTON

CVR First L.L.C. to D. Schwartz and A. Jaffe, 83 Birchwood Lane, .73 acre, Sept. 7, $2,995,000.

D., D., and E. Atkins, Butter Construction, 504 Butter Lane, .92 acre, Sept. 14, $1,920,000.

 

EAST HAMPTON 

A. Weiss (by executor) to A. and E. Sanfilippo, 36 Hampton Place, .63 acre, Sept. 14, $1,450,000.

S. Glinski and T. Cheng to A. and J. Figueroa, 44 Woodpink Drive, .55 acre, Sept. 21, $830,000.

J. and A. Grzyb to J. Hollander and S. Ducoff, 141 Swamp Road, 2.2 acres, Aug. 2, $2,085,000.

Whooping L.L.C. to C. Gorman, 53 Whooping Hollow Road, .46 acre, Aug. 30, $1,690,000.

 

EAST HAMPTON VILLAGE

85 Main St L.L.C. to Tulip Equities L.L.C., 85 Main Street, .04 acre, Sept. 14, $2,700,000.

Georgica Properties to K. Sutherland, 284 Georgica Road, 2.25 acres, Aug. 17, $5,100,000.

 

MONTAUK

R. and L. Reich to J. and J. Jamet, 99 North Greenwich Street, .33 acre, Sept. 6, $750,000.

Pumukel Inc. to 4 South Elmwood L.L.C., 4 South Elmwood Avenue, .18 acre, Sept. 12, $2,750,000.

 

NOYAC

P. Carlino to Wildwood Road L.L.C., 84 Wildwood Road, .44 acre (vacant), Sept. 11, $415,000.

 

SAGAPONACK

287 Parsonage Lane to King Arthur L.L.C., 287 Parsonage Lane, 1.8 acres (vacant), Sept. 12, $7,750,000.

 

SPRINGS

F. and E. O’Malley to M. Gordon and A. Friedman, 1117 Fireplace Road, .6 acre, Aug. 31, $695,000.

R. Pulaski Trust to J. and O. Reznik, 12 Salt Marsh Path and lot 1-17, .55 acre, Sept. 20, $821,000.

C. Rowan to C. Rao, 22 Babes Lane, .21 acre, Sept. 7, $1,275,000.

J. Williams (by executor) to Yardley and Samot-Yardley, 152 Woodbine Drive, .5 acre, Aug. 29, $427,500.

D. Dunn and M. Kelly to P. Stella and J. Cappadona, 18 Cedar Ridge Drive, .46 acre, Sept. 26, $640,000.

 

WAINSCOTT

3 Ardsley Road L.L.C. to S. Cagliostro and DiPaolo, 3 Ardsley Road, .51 acre, Aug. 13, $2,230,500.

Recorded Deeds 03.07.19

Recorded Deeds 03.07.19

By
Star Staff

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

AMAGANSETT

Janari II L.L.C. to M. Greene, 53 Cross Highway, .55 acre, Dec. 17, $2,150,000.

 

BRIDGEHAMPTON

Runaway Bay Properties to G. and L. Stein, 425 Brick Kiln Road, 1.1 acres, Jan. 10, $2,887,500.

 

EAST HAMPTON

M. Kelly and Norwood Kelly to S. and L. Palmese, 11 Cedar Court, .4 acre, Dec. 28, $2,361,750.

N. and B. Sakoff to A. Magun and J. Simmons, 1 Lighthouse Road, 1.8 acres, Jan. 17, $1,400,000.

197 Treescape Drive 9D to S. Anderson, 197 Treescape Drive, Unit 9D, 18, Dec. 13, $600,000.

Lor-Ren Bar Restaurant to 367 Three Mile Harbor Road, 361 Three Mile Harbor Road, .47 acre (vacant), Jan. 8, $285,000.

M. and K. Edward to LeCouvie Family Trust, 41 Berry­man Street, .54 acre, Jan. 19, $1,280,000.

 

EAST HAMPTON VILLAGE

P. Sachs to P. and A. Haberstroh, 73 Gingerbread Lane, Jan. 2, $735,000.

R. Stone to A. and A. Nedungadi, 28 Egypt Close, 1.84 acres, Jan. 15, $5,500,000.

 

MONTAUK

S. and B. Galletta and M Star Nights L.L.C., 50 Fleming Road, .79 acre (vacant), Sept. 7, $650,000.

M. and E. Rothman to J. Maganza Ruiz, 236 Edgemere Street, Unit 405, Jan. 21, $215,000.

 

SAG HARBOR

CJK L.L.C. to R. and K. Randall, 57 Rysam Street, .92 acre, Jan. 16, $402,000.

Ferguson Design and Construction to D. Weber, 66 Frank-

lin Avenue, .16 acre, Jan. 4, $2,324,000.

J. Jacalone to S. Salton and K. Young, 209 Main Street, .23 acre, Jan. 11, $2,100,000.

 

SPRINGS

WAC Management Inc. to M. and P. Krupnick, 65 Pembroke Drive, .43 acre, Jan. 18, $1,595,000.

M. Buckle to V. Lerman, 30 Winterberry Lane, .87 acre, Dec. 20, $1,280,000.

M. Janota to Connelly Family Trust, 259 Norfolk Drive, .46 acre, Jan. 17, $860,000.

A. and E. Cerrone to S. Pashman, 6 Locust Drive, .43 acre (vacant), Dec. 13, $343,000.

 

WAINSCOTT

D. Kozatch and M. Bartley to M. and B. Kaczynski, 1 Debra’s Way, .92 acre, Jan. 8, $1,475,000.

Recorded Deeds 03.14.19

Recorded Deeds 03.14.19

By
Star Staff

The prices below have been calculated from the county transfer tax. Unless otherwise noted, the parcels contain structures.

BRIDGEHAMPTON

Two Trees Farm Development to Six Two Trees L.L.C., 6 Two Trees Lane, 1.9 acres, Nov. 30, $7,200,000.

3 Aelfies L.L.C. to W. and A. O’Connor, 3 Aelfie’s Way, .5 acre, Dec. 14, $2,025,000.

H and L Realty of the Hamptons to BH Real Estate Holdings, 2318 Main Street, Unit H, Jan. 8, $1,000,000.

Pique Partners L.L.C. to MUUS 2nd Holdings L.L.C., 13 

Job’s Lane, .95 acre, Jan. 11, $3,325,000.

Oeuvre 2 L.L.C. to 70 Matthews 22 L.L.C., 70 Matthew’s Lane, 1.08 acres, Jan. 31, $9,575,000.

EAST HAMPTON 

J. and E. Rudolph to M. LaBrake, 463 Route 114, .59 acre, Dec. 10, $670,000.

R. Gitter and R. Reid to T. Teeple, 21 Wooded Oak Lane, .5 acre, Dec. 13, $825,000.

I. Spielman to D. Goodman and N. Sander, 19 Prospect Boulevard, .54 acre, Jan. 4, $862,500.

W. and M. Mott to L. Carr, 10 Fieldview Lane, .94 acre, Jan. 4, $1,950,000.

5 Goodfriend L.L.C. to Happy Wife L.L.C., 5 Goodfriend Drive, .92 acre, Jan. 22, $1,600,000.

Three Mile Harbor Properties 1 to 182 SB L.L.C., 182 Springy Banks Road, 2.48 acres (vacant), Jan. 23, $870,000.

LWJ L.L.C. to 180 SB L.L.C., 180 Springy Banks Road, 8.17 acres, Jan. 23, $9,440,000.

Three Mile Harbor Properties 2 to 178 SB L.L.C., 178 Springy Banks Road, 1.99 acres (vacant), Jan. 23, $1,790,000.

E. and D. Ahl to L. Weingarten and N. Allie, 22 Bucks Path, .83 acre, Jan. 28, $1,350,000.

R. Sawyer to MNZI L.L.C., 215 Bull Path, 1.03 acres, Jan. 29, $700,000.

S. Goell (by executor) to T. and M. Moudis, 677 Hand’s Creek Road, 2 acres, Feb. 1, $800,000.

EAST HAMPTON VILLAGE

K. Nichols to Ten Lee L.L.C., 10 Lee Avenue, 3.3 acres, Jan. 8, $14,750,000.

A. Kenmore to Skye Is The Limit, 152 Montauk Highway, 1.02 acres, Jan. 23, $2,250,000.

MONTAUK

J. Sebbesse to Montauk007668 L.L.C., 33 North Surfside Avenue, .44 acre, Jan. 18, $1,475,000.

NOYAC

E. and K. Masotto to H. Davies and S. Kiahtipes, 28 Pine Crest Lane, .16 acre, Jan. 24, $840,000.

T. and Z. Ben-Haim to 4519 Noyac L.L.C., 4519 Noyac Road, .44 acre, Feb. 1, $1,030,000.

SAGAPONACK

840 Sagg Main Street to 840 Sagg L.L.C., 840 Sagaponack Main Street, 3.3 acres, Jan. 25, $9,675,000.

SAG HARBOR

Main Street Broadcast to Ray D Oh L.L.C., 23 Redwood Road, .81 acre, Dec. 10, $3,200,000.

May Six L.L.C. to Mouse 22 L.L.C., 27 Meadowlark Lane, .2 acre, Jan. 11, $990,000.

Knight and Johnston Knight to Dock of the Bay L.L.C., 146 Bay Street, .14 acre, Jan. 3, $1,965,000.

S. Walker to R. Diamond and M. Norton, 68 Hempstead Street, .16 acre, Jan. 23, $1,301,000.

K. Thomas to O. Oliver and F. Stafford, 1225 Sagg Road, 3.7 acres, Jan. 25, $1,175,000.

SPRINGS

M. Seandel to Town of East Hampton, 17 Crandall Street, .37 acre (vacant), Dec. 13, $235,000.

Jackflash99 L.L.C. to Kaufman and Steinhacker, 25 Breeze Hill Road, .57 acre, Jan. 14, $1,225,000.

A. Ross to 16 Greenway L.L.C., 16 Greenway, .45 acre, Jan. 18, $1,450,000.

J. Picken to A. and K. Blostein, 9 Glade Road, .53 acre, Jan. 22, $1,318,385.

P. Yorn and B. Kaltman to Keller and Tetherow Keller, 10 2nd Street, .35 acre, Jan. 25, $697,500.

New Sunshine Custom Builders to P. and K. Monterosso, 64 Pembroke Drive, .43 acre, Jan. 30, $995,000.

WATER MILL

R. Hessner Trust to 77 Newlight L.L.C., 77 Newlight Lane, .92 acre, Jan. 11, $1,617,000.

Recorded Deeds 03.21.19

Recorded Deeds 03.21.19

AMAGANSETT

J. and M. Fruin to C. and K. Machera, 18 Dennistoun Drive, Feb. 5, $2,275,000.

M. and R. Dioguardi and Lakind to Out East Restaurant, 2167 Montauk Highway, .57 acre, Jan. 25, $1,310,000.

P. Dangin to The L Trust, 154 Windmill Lane, 2 acres, Jan. 22, $4,500,000.

Janari L.L.C. to B. Bartning and M. Greene, 45 Cross Highway, .34 acre (vacant), Dec. 17, $850,000.

Napeague Lane L.L.C. to Biam Properties and KB Express, 58 Napeague Lane, .49 acre (vacant), Jan. 17, $1,100,000.

 

EAST HAMPTON

L. Mohlere to T. Whiting and B. Penn, 20 Cosdrew Lane, .46 acre, Dec. 27, $850,000.

 

EAST HAMPTON VILLAGE

C. Mitchell and P. Guzman to 62 Dunemere L.L.C., 62 Dunemere Lane, 1 acre, Jan. 15, $10,500,000.

Cinnamon L.L.C. to Ruxton 99 L.L.C., 15 Ruxton Road, 3.48 acres, Jan. 31, $9,500,000.

K. Brody to Lee-M and Lee-F Trusts, 37 Lee Avenue, 2.81 acres, Jan. 16, $19,000,000.

 

MONTAUK

T. and H. Tucker to M. Wenzel, 75 Adams Drive, .95 acre, Feb. 7, $1,425,000.

D. and G. Portella to Old Highway L.L.C., 687 Old Montauk Highway, .38 acre, Jan. 25, $1,427,000.

SAG HARBOR

Osborne Edwards House to J. Wilson and K. Huberty, 27 Suffolk Street, .22 acre, Jan. 31, $6,500,000.

 

SAGAPONACK

J. McNasby and D. Moss to R. Fomon and J. Fairchild, 116 Greenleaf Lane, 3.73 acres, Dec. 13, $3,400,000.

188 OMH L.L.C. to Elle Mara Sagaponack, 24 Fairfield Pond Lane, 4.34 acres (vacant), Jan. 25, $11,250,000.

A. Brown to 34 Herb Court L.L.C., 34 Herb Court, .92 acre, Jan. 18, $5,700,000.

 

SPRINGS

T. Lardner to C. Kenney and G. Athenas, 91 Camberly Road, .43 acre (vacant), Jan. 15, $350,000.

J., D., and D. Serafin, to New Sunshine Custom Builders, part of 22 Washington Avenue, .32 acre (vacant), Feb. 6, $218,000.

T. Whitehill to S. Grannen, 212 Hog Creek Road, 1.2 acres, Jan. 29, $1,330,000.

J. and D. Diamond to H. and E. Mendel, 17 Woodcock Lane, .48 acre, Jan. 8, $692,000.

 

WATER MILL

Pine Neck Associates to 881 Deerfield L.L.C., 881 Deerfield Road, .92 acre, Jan. 16, $4,600,000.

P. Huffine to Narrow Lane Holdings, 25 Narrow Lane South, 2 acres, Jan. 29, $2,800,000.

Furniture Showroom Planned on Skimhampton

Furniture Showroom Planned on Skimhampton

At the property known as Franklin Triangle, the owners of Brass and Burl want to connect a house and barn to create a 2,500-plus-square-foot retail space.
At the property known as Franklin Triangle, the owners of Brass and Burl want to connect a house and barn to create a 2,500-plus-square-foot retail space.
Jamie Bufalino
By
Jamie Bufalino

The owners of Brass and Burl, an online store for high-end furniture and home décor, are planning a showroom on part of the Franklin Triangle, a wedge-shaped property between Skimhampton Road and Montauk Highway in East Hampton.

The property at 404 Montauk Highway contains a two-story residence and a barn, which the owners, Emily and Adam Young, propose to connect by a passageway and convert into a more than 2,500-square-foot retail space. Also proposed for the property are a parking lot for 15 cars adjacent to Skimhampton Road, a garage, and a low-nitrogen septic system. The Youngs are seeking site plan approval from the East Hampton Town Planning Board.

The property is part of a subdivision created in 1974. The owner at the time, Connie Anderson, a real estate agent who lived and worked on site and whose name appears on a sign in front of the parcel, received permission from the planning board to create four lots in return for a one-foot scenic easement that encompasses the perimeter except for four access points. 

Appearing before the planning board on March 13, Britton Bistrian, a land-use consultant who represents the Youngs, said her clients intended to use the space primarily as a gallery for Brass and Burl products, not as a fully operational furniture store. 

“No significant inventory will be stored on site,” she said. “Small items will be available for purchase, while larger items will be shipped directly to customers’ residences.”

As for the existing structures, the intent, she said, is to shore up the foundations on each, and to retain as much of the buildings as possible. 

Ms. Bistrian provided an email from Mr. Young, in which he described his vision for the interior of one of the buildings. “The old barn will be updated to become the perfect summer game room, featuring a stunning reclaimed wood and leather Ping-Pong table, finely crafted bar cabinets, and lounge chairs,” he wrote.

The proposed 432-square-foot garage, Ms. Bistrian said, would be used for a delivery van, and to store small products. 

An existing access to the site from Skimhampton Road would be eliminated, she said, but an entryway from Montauk Highway on the east side of the residence would remain. 

Eric Schantz, a senior planner for the town, pointed out that the latter access point appears to traverse the easement. He recommended creating an access road on unencumbered land to the west of the building. Such a road, he said, would also accommodate parking along the building, and reduce the number of spaces needed in the proposed lot.

Tiffany Scarlato, a lawyer representing the Youngs, disputed that the existing entryway violated the easement. She said the access from Montauk Highway had been established at the time of the subdivision. Board members asked Ms. Scarlato to provide documentation supporting that assessment. 

Kathy Cunningham, the vice chairwoman, and her colleagues Sharon McCobb and Ian Calder-Piedmonte recommended moving the proposed parking lot farther away from SkimhamptonRoad, a residential neighborhood. 

At Mr. Schantz’s suggestion, the board also encouraged the applicant to include an affordable housing unit in the site plan.

Ms. Bistrian said her clients were open to the idea, and that a second-floor apartment could be added to the proposed garage.

Slowdown? Depends Who You Ask

Slowdown? Depends Who You Ask

By
Jamie Bufalino

The East End real estate market is experiencing the biggest slowdown since the 2008 financial crisis, according to the latest quarterly report from the Douglas Elliman agency, which cited “uncertainty about the impact of the new tax law, volatility in the financial markets, [and] the higher cost of financing” as reasons for a decline in sales. Brown Harris Stevens, however, saw an uptick in sales after a “sluggish” previous six months.

According to the Douglas Elliman report, the number of home sales in the fourth quarter of 2018 was down nearly 35 percent from the same period in 2017, the greatest drop in a year of increasingly lower sales. “Momentum right now has stopped,” said Paul Brennan, the executive manager of sales at Douglas Elliman. “Everyone’s a little shaky and holding onto their money.” 

The slow pace of sales, said Mr. Brennan, has led to an increase in inventory, which means that “sellers are going to have to reduce their prices significantly from where they were six to seven months ago.” 

The Corcoran Group reported a 15-percent drop in home sales on the South Fork compared to the fourth quarter of 2017, and Town and Country, which  analyzed the year as whole rather than the quarter, described the market as “flat.” In an interview earlier this month, Judi Desiderio, the chief executive officer and president of Town and Country, said she expected the fourth quarter to be the slowest of the year.

Brown Harris Stevens, on the other hand, saw an increase in sales of more than 12 percent during the same time frame. Nearly three-quarters of sales, the report stated, were of homes priced at under $2 million. 

Even when told of the upbeat report from Brown Harris Stevens, Mr. Brennan said that such results shouldn’t necessarily be taken as a sign of a healthy market.

“The number of deals doesn’t indicate how far the market has gone down in terms of pricing,” he said. 

Despite a strong national economy, and relatively low interest rates, Mr. Brennan said that potential homebuyers are experiencing fear, which he defined as “false evidence appearing real.” The market will bounce back, he said, when people “get tired of their own fear and shift their thinking.” Then they will realize that money is better spent on East End real estate than in an unpredictable stock market. 

“I’ve been at this 40 years, and I’ve seen that kind of change happen 10 or 12 times,” he said.