“It’s a record price per square foot for any commercial real estate transaction in the Hamptons, ever,” said Jeremey Tahari of Tahari Capital, whose father, Elie Tahari, sold the building at 1 Main Street in East Hampton for $22 million to Bernard Arnault, named by Forbes last week as the world’s richest person.
Business
East Hampton Star Reporter Wins Top HonorsChristopher Gangemi, a reporter who joined the staff of The East Hampton Star in December 2021 as a newcomer to journalism, won the New York Press Association’s Rookie of the Year award at its Better Newspaper convention last weekend. The Star was also recognized for its news and feature writing and for its East magazine.
Bad Luck Leads to a Good DeedWhen a water line break in East Hampton Village flooded several businesses a month ago, Gubbins Running Ahead, a sporting goods shop on Park Place, lost all of its inventory, including 7,000 pairs of athletic footwear. Last week, Geary Gubbins, who has run the sporting goods shop since 2013, parlayed his business’s misfortune into an act of generosity for a local nonprofit.
High-End Home Sales StagnatingIn East Hampton Town’s villages and hamlets, yes, sales are down, but it’s because the inventory of available properties is at a historic low, brokers here are saying. "Our prices have not dropped off a cliff — we just don’t have any houses to sell.”
Carissa’s Lot Merger Hits a ‘Sanitary Flow Dam’Don’t call it an expansion, but Carissa’s Bakery at 221 Pantigo Road in East Hampton needs a little more elbow room — and parking.
Recorded Deeds, March 16, 2023Mar 17, 2023
AMAGANSETT
Itai Lemberger to Jason Goldklang, 66 Pepperidge Lane, Aug. 12, $2,475,000.
177 Amagansett Main Street L.L.C. to ROP Amagansett L.L.C., 177 Main Street (commercial), Jan. 17, $4,450,000.
Recorded Deeds, March 16, 2023Mar 17, 2023
The latest reported property transfers, from Montauk to Southampton.
East Hampton Businesses Hit Hard by Freak Flood“We pretty much lost everything,” said Geary Gubbins, whose sporting goods shop, Gubbins, was one of several East Hampton Village businesses that experienced major losses this week when their basements were flooded on Sunday. "The water was up to the ceiling."
Water Line Break Causes Major Flooding at East Hampton Village BusinessesA break in a water line discovered Sunday morning in East Hampton Village caused major flooding at a number of downtown businesses, including Tutto Caffe, Bonne Nuit, Valentino, and Gubbins. Efforts to pump out basements were stalled for nearly eight hours as PSEG struggled to shut down power to affected areas.