The latest in real estate action here.
Business
Recorded Deeds 04.06.23Apr 6, 2023
A Farrell purchase in Bridgehampton for over $24 million leads off the real estate report this week.
Top Dollar for East Hampton’s Hottest Corner“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.
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
The latest reported property transfers, from Montauk to Southampton.
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.
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.
Amagansett Main Street Is in FluxLacking the kind of synergy between restaurants and retail that might draw more off-season shoppers, Amagansett's Main Street on a winter weekday can feel in need of a bit of revival. That will all change when the high season arrives, but what has people talking now is the news last month of the sale of the Main Street Tavern building and how a restaurant in that spot could boost morale on Main Street.
Recorded Deeds 02.16.23Feb 16, 2023
For followers of South Fork real estate action, here’s the latest.
Friends of Bay Street Bow Out of Long Island AvenueThe property on Long Island Avenue in Sag Harbor where Friends of Bay Street had planned to build a new Bay Street Theater is instead being put on the market, The Star learned this week.
Barnes & Noble to Open in Bridgehampton CommonsBarnes & Noble announced Thursday that it will open a new bookstore in the Bridgehampton Commons this summer, taking over two storefronts previously occupied by Collette and Collette Annex. It will be the company's first foray into the South Fork bookselling world.