Business

Molly Scheider is doing well these days, with a new job at an East Hampton veterinary practice, plans to enter Suffolk Community College in the fall, and a creative writing project in the works, but it wasn't always that way for the Pierson High School graduate, who manages major depressive disorder, anxiety, and attention-deficit/hyperactivity disorder. Her success is due in part to help from Career and Employment Options, Inc., a Hauppauge company that provides job counseling and training, internship placement, and other support services for people with disabilities.

More than $23 million for two Amagansett parcels alone, and much more this week in Hamptons real estate.

It’s the kind of real estate transaction that often flies under the radar: A high-end property never hits the market publicly but captures people’s attention once its address appears in the county’s recorded deed transfers — usually with an eye-popping price and limited-liability corporations listed as buyer, seller, or both.

The march of the L.L.C.s.

Newly reported real estate doings on the South Fork.

New real estate transfers.

The Springs General Store is the unofficial center of the hamlet, a place where people flock for breakfast on weekends or coffee and camaraderie on weekday mornings, and where children head after school for a bag of candy or three cookies for $3. "For me the biggest gift is that I was able to be an active part of the community in a way that one person cannot always be," said the business's owner, Kristi Hood.

The march of the L.L.C.s — it’s another week in Hamptons real estate.

“Oh, hi! We’re the people who rented your place.” That’s what the owner of a Springs property, who asked not to be named, said she heard about 20 times, almost daily, over the past three weeks. She believes she has been the victim of a summer house rental scam.

Montauk Airport, the small, privately owned airport that has taken on an outsized role in the controversy over the planned privatization of the larger East Hampton Town Airport, has been sold, an owner confirmed on Tuesday. 

The latest transactions for real estate watchers.

Here is the week in South Fork real estate action.

Leo Daunt hasn’t just co-opted any old vintage mom-and-pop atmosphere of 1970s Montauk in the repurposing of his seaside motel. He's actually taken his mom and pop’s vibe and given it a cool rethink with glossy interiors and contemporary twists like Himalayan salt lamps in the rooms, outdoor fire pits, and a yoga pavilion — the better to cater to the values of the millennial traveler.

The East End real estate boom brought on by the Covid-19 pandemic is experiencing a shift thanks to historically low inventory, but the market is still feeding historically high prices, competitive conditions, a near-total lack of available rental properties, and faster turnaround of deals as a result.

The week’s real estate report, with an awful lot of L.L.C.s in the mix.

For a luxury Montauk rental, it sounds too good to be true. Six bedrooms, 7,300 square feet, ocean view, heated saltwater pool with waterfall edge, and top-of-the-line kitchen appliances listed for $2,500 a night on Airbnb. The catch, says the homeowner: It's a scam offered by "hosts" who've used the legitimate real estate photos to dupe unsuspecting vacationers.

Here's a snapshot of real estate dealings from Montauk to Southampton Village.

Eversource, the Boston and Hartford-based energy company that is a partner with the Danish energy company Orsted in the South Fork Wind farm and other projects, may sell all or part of its offshore wind assets.

A $690,000 sale in Noyac is the rock bottom of the market? This is the week in Hamptons real estate.

It wasn’t just bread baking or pet ownership that Covid refugees turned to once they had alighted here during the pandemic. Many also embraced horseback riding, observed Natalie Mattson, who owns Brennan’s Bit and Bridle in the Bridgehampton Commons.

In addition to an already tight labor market, three major structural problems plague the East End. Lack of affordable housing, lack of public transportation and inadequate roads to handle growing traffic, and a lack of child care add to the already difficult task of hiring and retaining employees.

Construction is under way at 106 Newtown Lane in East Hampton Village, where a new retail store, office space, and two-bedroom apartment are planned on the site of the former East Hampton Cleaners, which closed at the end of 2018.

It was a busy week in Hamptons real estate dealings.

The latest in the never-cooling South Fork real estate market . . .

The week’s real estate rundown.

"I've always loved Montauk," said Jennifer Fowkes, the new executive director of the Montauk Chamber of Commerce.

From Amagansett to Bridgehampton, it’s the march of the big-money L.L.C.s.

The week sees an uptick in real estate action, with Noyac and East Hampton leading the way.

From Amagansett to Bridgehampton and west to the canal, the millions keep flowing. Here’s the latest in South Fork real estate transactions.

A $20 million sale in East Hampton Village, $13 million in Bridgehampton, and $3 million sales hither and yon.