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Recorded Deeds 03.29.12

Recorded Deeds 03.29.12

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

AMAGANSETT

M. Maytin to J. Gerrard, 640 Old Stone Highway, 2.05 acres, Feb. 1, $1,995,000.

EAST HAMPTON

Florida CIS EH L.L.C. to Talmage Lane Ventures, 46 Talmage Lane, .83 acre (vacant), Feb. 9, $1,900,000.

S. and T. Georgopoulos to Richmond Ventures Four, 3 Old Hollow Lane, 1.98 acres, Feb. 6, $1,575,000.

MONTAUK

G. and R. Developmental Co. to B. Savage, 155 West Lake Drive,

.44 acre, Feb. 16, $945,000.

NOYAC

A. and M. Caraballo to A. Aliotta, 36 Partridge Drive, .58 acre, Feb. 17, $511,000.

104 Brick Kiln L.L.C. to Alliance Equity Partners, 104 Brick Kiln Road, 1.47 acres, Feb. 16, $1,155,000.

SAG HARBOR

M. Doherty to Beeton and Hubbard-Beeton, 8 Dartmouth Road, .59 acre, Feb. 13, $725,000.

A. Alexander, by executor, to 172 Redwood Road L.L.C., 172 Redwood Road, .39 acre, Jan. 31, $1,600,000.

SPRINGS

Field, Dwyer, and Edwards to Halloran Jr. and Ireland, 128 Tyrone Drive, .43 acre, Feb. 16, $485,000.

A. Massello to E. and J. Swanson, 142 Underwood Drive, .43 acre, Feb. 10, $683,500.

K. Taffuri to A. Free, 42 Gardiner’s Lane, Jan. 27, $502,500.

Jennie Trail L.L.C. to R. Eyre and F. Pantaleon, 47 Long Woods Lane, .93 acre, Jan. 30, $640,000.

E. Stern to I. Schreger, 63 Copeces Lane, 1.3 acres, Jan. 17, $1,500,000.

Heffernan and Megginson to S. Concu, 6 Woodcock Lane, .46 acre, Feb. 3, $395,000.

Deutsche Bank to K. Gallagher, 36 Bonac Woods Lane, .92 acre, Feb. 8, $470,876.

Data provided by Suffolk Research Service of Southampton

Recorded Deeds 04.05.12

Recorded Deeds 04.05.12

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

AMAGANSETT

D. Lenzer to T. and K. Wright, 15 Green Tree Court, 2.06 acres (vacant), Feb. 14, $1,200,000.

St. Michael’s Evangelical Church to St. Michael’s Windmill, Montauk Highway, Dec. 21, $473,100.

EAST HAMPTON

R.C.P. Holding Corp. to H.C.D.C. Holdings L.L.C., 17 Ocean Boulevard, .55 acre, Jan. 25, $475,000.

EAST HAMPTON VILLAGE

P. Gasrel Trust to E. Kladitis, 69 Pantigo Road, .53 acre, Feb. 13, $600,000.

S. Mandell and L. Schacht to R. Silverstein, 325 Georgica Road, 1.07 acres, Feb. 15, $4,100,000.

MONTAUK

J. Horowitz to L. Rottet, 39 Big Reed Path, .9 acre, Feb. 28, $1,275,000.

J. Edwards to R. Barna, 5 Twin Pond Lane, 1.7 acres, Feb. 16, $2,300,000.

Ronjo Motel Inc. to Montauk Beach House, 55 South Elmwood Avenue and lot 43, Feb. 23, $4,210,000.

R. Lewin II to R. Osur, 32 Cleveland Drive, .41 acre, Feb. 21, $870,000.

NOYAC

J. Chapple and Fitzgerald to J. and A. Pearl, 4323 Noyac Road, .43 acre, Feb. 24, $965,000.

SPRINGS

B. Kohl and M. and L. Palmer to J. Pumo, 15 Waterhole Road, .43 acre, Feb. 10, $375,000.

Woodfield Eleven L.L.C. to C. Eggert, 4 Sherwood Lane, .43 acre, Jan. 24, $387,000.

G. and E. Schmidt to A. Tekulsky, 15 Broadway, .82 acre, Feb. 28, $365,000.

E. and J. Munoz by referee to Astoria Federal Savings, 21 Gardiner’s Lane, .23 acre, Dec. 29, $493,034.

Data provided by Suffolk Research Service of Southampton

Keeping Account 04.05.12

Keeping Account 04.05.12

Local business news

BookHampton Goes North

    Who says literature is dead? Certainly not the owners of BookHampton, who are expanding the storybook kingdom over to Mattituck. A new Book­Hampton store will open there this weekend, joining sister stores in East Hampton, Southampton, and Sag Harbor.

    The latest incarnation of what has been called by Newsweek “one of the country’s great indie bookstores” has moved into the Gildersleeve Octagonal Building on the corner of Main Street and Love Lane. Opening celebrations will take place on Saturday and Easter Sunday.

Three Join T&C

    The work force at Town & Country Real Estate grew by three last month. Julie Crowley, with more than a decade’s experience selling property on the South Fork, joined the Southampton office, while Ron Katz and Lisa McElroy have joined the Westhampton Beach and Southold offices.

Saunders Grows

    Saunders and Associates has added two well-known South Fork brokers to its real estate firm: Vincent Horcasitas and Chris Coleman.

    Mr. Horcasitas comes to Saunders, where he is a senior vice president, from Prudential Douglas Elliman’s Bridgehampton office, where he was recognized as the company’s number-one South Fork agent in 2007 and 2008. He is a certified “eco-broker.” At the Corcoran Group, Mr. Coleman was named Montauk’s top broker for the years 2009 to 2011. He also comes aboard as a senior vice president at the Saunders office in Bridgehampton.

    The hiring of Mr. Horcasitas and Mr. Coleman brings Saunders and Associates to a total of 82 East End brokers.

Financial Literacy

Financial Literacy

Capital One Bank's first financial literacy challenge on Long Island
By
Star Staff

    Capital One Bank is now accepting applications for its first financial literacy challenge on Long Island, an awards program that will dispense $5,000 each to 25 local organizations — from schools to nonprofits to community groups — to go toward the implementation of financial education programs.

    Of the 25 organizations participating in the challenge, the two that demonstrate the greatest influence on their communities will be selected to win additional grants of up to $15,000 in the spring of 2013.

    The open application period will run through May 11. Any 501(c)(3), 501(c)(4), 501(c)(6), public school, or government entity that will offer financial education programs to Suffolk County residents is eligible to apply. The 25 winners will be notified in June so programs can be implemented between September and May of next year.

    “As a local bank, we are committed to increasing economic opportunities by empowering community members to teach money management practices, such as budgeting and saving, to Long Island residents of all ages,” Andrew Corrado, Capital One’s Long Island market president, said in a release.

    More information and the application are available at cybergrants.com/capitalone/financialliteracychallenge.

Vintage Pink Hits Montauk

Vintage Pink Hits Montauk

Julie Aster Miller and her mother, Chicky Aster, have opened Vintage Pink in Montauk.
Julie Aster Miller and her mother, Chicky Aster, have opened Vintage Pink in Montauk.
Janis Hewitt
A new store in the village
By
Janis Hewitt

    Like a brightly colored Easter egg, Vintage Pink, a new store in Montauk, is not hard to find. Tucked away on South Edison Street on the edge of the post office parking lot, it is chock-full of interesting items, bubbling Buddha fountains, and bamboo stalks in vases.

    Owned by Julie Aster Miller and her mother, Chicky Aster, the store is difficult to miss because of its vivid pink color, which Ms. Aster Miller pointed out was approved by East Hampton Town’s architectural review board. As you step inside, two little dogs, Teddy Bear and Bamboo, may well rush to greet you.

    The women opened the store on March 24, the day before the Montauk Friends of Erin’s St. Patrick’s Day parade. “The feedback has been amazing,” Ms. Aster Miller said. “The store has energy to it, and it feels really good to hear that from people.”

    They chose the color, which is actually labeled autumn red, because of a bright pink mansion in Connecticut that was open to the public and easily found by the many who flocked to it, Ms. Aster Miller said. She tried to find out the exact color but the mansion’s caretakers wouldn’t give out that information. So through trial and error she replicated it.

    “I felt this place was invisible before. But it’s not invisible anymore,” she said.

    Chicky Aster’s favorite color is green, so the walls inside are a deep sage green with white trim. Outside, a pink bench sits next to a water fountain, and the small building is surrounded by a white picket fence. For 36 years, Ms. Aster owned Chicky’s Antiques in Flushing, Queens. Her husband died in September and, rambling around a big house, she found herself lonely. It was the store that kept her going.

    She agreed to move to Montauk as long as she could run a store, she told her daughter. But nevertheless her customers weren’t too happy about her leaving, she said. “The house didn’t have a hold on me, but leaving the shop has been hard.”

    For more than a year, Ms. Aster Miller had been looking for a cottage in which to open a store. When the space once occupied by Latino Express, a money exchange enterprise, became available, she jumped on it. And with pink being her favorite color, it moved in, too, in the form of a pink computer, pink buttons stuck to the cash register, and pink stools overlooking the glass jewelry counter, where customers can sit while browsing through the earrings, necklaces, brace­lets, charms, and other items under lights. Oriental music plays softly while incense fills the shop with a spicy aroma.

    The two women scour estate sales and have purchased china pieces, including Wedgwood and Lenox. There are also vases, candles, books on yoga and Buddhism, floral wingback chairs, shelves, wood frames with pictures taken by Ms. Aster Miller (a photographer by trade), raffia bags, and framed botanicals. Asked if a display case was for sale, Ms. Aster Miller said, “Everything in here is for sale.”

    There are trinkets galore, tin boxes, little cases, wallets, mermaids, and small Buddhas. Prices range from about $7 to $250 for one of Chicky’s antiques. “Besides antiques, we’re trying to sell new stuff that looks vintage,” Ms. Aster Miller said. “We’ve been told we’re the only new-age shop around with an Eastern influence.”

    The prices are reasonable and the shopkeepers hope for a good turnaround. “We want people to come back in six months and find a whole new inventory,” Ms. Aster Miller said.

    The shop is open Thursdays to Mondays from 10 a.m. to 6 p.m., with extended hours in season.

Recorded Deeds 01.26.12

Recorded Deeds 01.26.12

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

AMAGANSETT

Havey, Jones, and Wegehoft to 18 Shore Drive West, 18 Shore ­Drive West, .17 acre, Dec. 15, $700,000.

EAST HAMPTON

L. Harmon to J. and H. Forst, 9 Jason’s Lane, 1 acre (vacant), Dec. 9, $375,000.

EAST HAMPTON VILLAGE

R. Borg East Hampton Trust to A. Stead and K. Dolsingh, 8 Toilsome Lane, 7.9 acres, Dec. 9, $620,000.

Hitherland Development to M. and K. Patel, 2 Marina Lane, .84 acre, Dec. 9, $6,000,000.

MONTAUK

S. and S. Rankin to R. and J. Rozycki, 74 Tern Drive, .17 acre, Dec. 12, $589,000.

G., H., S., and M. Hecht and Ebbets to J. and P. Daniello and Person, 129 Grant Drive, Dec. 4, $495,000.

NORTH HAVEN

J. and M. Badilla to T. Krebsbach and S. Kim, 10 South Drive, .67 acre, Dec. 5, $1,250,000.

C. Hoblock to A. Reig-Schmidt, 8 Baldwin Drive, .64 acre, Dec. 5, $1,100,000.

A. and K. and A. Phillips Jr. to H. Sievers, 75 Sunset Beach Road, 1.1 acres, Dec. 12, $830,000.

NOYAC

R. West to A. and S. DaSilva, 1625 Millstone Road, 1.7 acres, Dec. 8, $785,000.

B. O’Connor to T. Fields, 41 Wickatuck Drive, .28 acre, Dec. 14, $465,000.

J. Bibo to C. Holley, 4335 Noyac Road, 1.58 acres, Dec. 8, $1,700,000.

A. and P. and A. Ogof to M. Hertz, 108 Northside Drive, 1.07 acres, Dec. 12, $925,000.

SPRINGS

G. and R. Reiswig to R. and R. Bauchner, 1124 Springs-Fireplace Road, 2.74 acres, Dec. 14, $945,000.

S. Preiman to J. and P. Gould and F. and W. Mott, 430 Three Mile Harbor-Hog Creek Road, .47 acre, Dec. 14, $390,000.

F. and E. Yardley to M. and P. Yardley, 12 Hawthorne Avenue, .35 acre (vacant), Nov. 22, $185,

Data provided by Suffolk Research Service of Southampton

Sales Rose but Prices Dropped

Sales Rose but Prices Dropped

By
Bridget LeRoy

   Is the glass half empty or half full? Reports presented from Suffolk Research Service and one of the East End’s real estate firms offer a nebulous view of whether the market is on the rise or still bouncing along the bottom.

    Although there was some improvement from the third quarter of 2011 to the final quarter, there was little to no improvement over all over the fourth quarter of 2010, according to George R. Simpson, the president of Suffolk Research Service.

    And even though both 2010 and 2011 showed improvements over 2008 and 2009, when median price, unit sales, and dollar sales are taken into account, data show a paradoxical “stationary trend” over the past two years.

    Median price changes were up in Southampton, down in East Hampton for the year 2011 compared to 2010, according to Mr. Simpson. Southampton showed a rise, up 8.1 percent, with East Hampton down 9.1 percent.

    A fourth-quarter comparison showed that in all market price segments, sales declined, except in properties priced from $5 million to $10 million, which showed an increase from 61 sales in 2010 to 70 sales in 2011.

    Town and Country, a local firm, also released a sales report, which stated that in all Hampton markets combined the number of home sales increased 9.43 percent in the fourth quarter of 2011 versus the fourth quarter of 2010. However the median home sales price dropped 16.22 percent over all for the same period, from $940,000 to $787,500.

    Sag Harbor and Noyac showed the highest increase in sales, according to Town and Country, from 15 in the fourth quarter 2010 to 28 in the fourth quarter 2011, an 87-percent increase. Once again though, the median home sales price in the same period dropped almost 30 percent.

    When looking at 2011 as a whole, Town and Country reports that 4 of the 11 markets rose in number of home sales over 2010, one (Sag Harbor) stayed the same, and seven saw a decline. According to the company, Bridgehampton had the best year, with increases in all three criteria: total home sales volume (26-percent increase), median home sales price (13-percent increase), and number of home sales, which rose from 163 to 172.

    Other real estate companies have embargoed their numbers until a later date.

Keeping Account 01.26.12

Keeping Account 01.26.12

Most Excellent Inn

    The votes are in, and Baker House 1650 on Main Street in East Hampton has been named the “most excellent inn” in the United States and Canada by Condé Nast Johansens international luxury travel guides. It is the third time that Baker House 1650 has been so named.

    The awards, in 28 categories, are given to luxury properties throughout the Americas, the Atlantic, the Pacific, and the Caribbean and come from readers of the guides, hotel guests, and the Condé Nast Johansens team of inspectors.

Plum TV Auction

    Plum TV, which has broadcast on a cable channel here and in seven other resort markets in the country, will have its day in court on Monday. The company, which recently declared bankruptcy, has a hearing scheduled in federal bankruptcy court for the Southern District of New York to consider auction procedures for the sale of its assets.

    The court has already approved a $250,000 interim loan to be used for ongoing operations. If the auction is approved, it is expected to be held on March 1. Those interested can call Scott Williams, Plum’s chief restructuring officer, at 914-320-5900.

Recorded Deeds 02.09.12

Recorded Deeds 02.09.12

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

AMAGANSETT

J. and D. York to J. Dillon, 17 Grove Street, Dec. 23, $620,550.

BRIDGEHAMPTON

C. Finocchio to C. Platto and L. Mandell, 1888 Scuttlehole Road, 1.02 acres, Dec. 16, $1,850,000.

EAST HAMPTON

C. Calhoun by executors to New Sunshine Custom Builders, part of 119 Middle Highway (vacant), Dec. 19, $175,000.

J. and M. Luppi III to 154 Oakview Highway, 154 Oak View Highway, 4.1 acres (vacant), Dec. 3, $730,000.

G. Cooper to E. Waserstein, 97 Three Mile Harbor Road, 1.1 acres, Dec. 19, $937,500.

MONTAUK

D. Buckley to Muyshondt and Goldaracen, 18 Maple Street, .96 acre, Dec. 15, $1,950,000.

NOYAC

A. Jacobs and R. Carr to M. Liot, 9 Oak Drive, .2 acre, Dec. 23, $460,000.

SAG HARBOR

J. McManus to M. and B. Tait, 25 Rector Street, .14 acre, Dec. 16, $650,000.

L. Babson by executor to Sagg One L.L.C., 126 Bay Street, .34 acre, May 27, $450,000.

B. and K. Leggard to B. and J. Midlam, 9 Wooded Path Road, .54 acre, Dec. 15, $582,000.

N. Orlando and R. Comfort to A. Zung, 238 Madison Street, .14 acre, Dec. 29, $630,000.

D. and D. and R. Schoen to S. and R. Pentcheva, 1209 Middle Line Highway, .61 acre, Dec. 21, $485,000.

SPRINGS

J. Schreick to S. Theodoropoulos, 5 Kent Place, .43 acre, Nov. 28, $585,000.

S. Ogus Living Trust to C. and C. Lewis, 49 Sandra Road, .48 acre, Dec. 2, $519,400.

J. Williams Jr. to I. Sterling and Pignitor, 36 Cedar Ridge Drive, .47 acre, Dec. 22, $600,000.

Data provided by Suffolk Research Service of Southampton

Bancorp’s Quarterly Dip

Bancorp’s Quarterly Dip

By
Bridget LeRoy

    Suffolk Bancorp, a one-bank holding company that operates Suffolk County National Bank, has released results for its recent fourth quarter, with comparisons to the fourth quarter of 2010.

    Key points include a decrease in earnings per share of 62.5 percent, to 12 cents, from the comparable period, and net income at $1,156,000, down 62.3 percent from $3,069,000 during the same period in the previous year.

    The net loss per share for the full year was down 101.2 percent, from the net income of $6,256,000 in 2010.

    The company’s reasons for the quarterly drop in performance include lower balances of earning assets, a decrease in deposit service charges, and an increase in expenses like consulting, accounting, and other costs that the company acquired while assisting “in transition of management,” according to a release.

    “Given the significant challenges faced by the bank throughout 2011, I am pleased that this quarter’s results continue to reflect the financial strength that has been the hallmark of this institution over its long history,” Howard C. Bluver, Bancorp’s new president and chief executive officer, said in the release.

    “The bank was profitable in the fourth quarter, notwithstanding significant costs incurred to complete financial restatements.” In addition to changes in leadership last year, Suffolk also changed accounting firms last month, switching to B.D.O. U.S.A. Mr. Bluver cited “a new chapter in our company’s life.”

    The full press release can be read on the bank’s Web site, scnb.com, under “investor relations.”