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Real Estate

Sail Inn, Another Montauk Icon, Is Sold

Praise the mozzarella sticks and pass the pool cue! The Sail Inn in Montauk’s dock area has been sold to the mother-son team of Colleen Croft and Luca Guaitolini, who also own the upscale Upper East Side restaurant Elio’s, but the new owners say they are not planning to go luxe on the longtime locals’ joint on West Lake Drive when it reopens in the spring.

Dec 1, 2022
County Hack Still Creating Problems

It’s been nearly six weeks since a malware infestation crippled Suffolk County’s computer systems, and while the county has adopted numerous workarounds to address the ransomware attack since Sept. 8 — there’s a long way to go before it’s business as usual, especially when it comes to real estate transactions.

Oct 19, 2022
Amagansett Neighbors Bemoan ‘Bespoke’ Homes

A development on Handy Lane that has riled neighbors is a familiar story in East Hampton Town and across the South Fork: along with teardowns and rebuilds, spec houses that, with seemingly few exceptions, take allowable lot coverage and floor area to their absolute limit.

Sep 22, 2022
The Little-Known Off-Market Real Estate Market

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.

Jul 21, 2022
Are We Nearing the End of the Seller's Market?

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.

May 26, 2022
Hey, That's My House, and It's Not for Rent on Airbnb

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.

May 19, 2022
Real Estate Frenzy Made 2021 Another Record Year

Residential real estate transfers made history on the South Fork again in 2021, with record-high sales totals, record-low inventory, and a lightning-fast pace at which deals are being made. It was a frenzied year, described by industry professionals as a seller's market in which cash is king, bidding wars are common, and inventory is low.

Dec 30, 2021
Sag Harbor K Pasa Building Is Sold

A group of investors has purchased 2 Main Street in Sag Harbor Village, home to the K Pasa restaurant and other businesses, and is seeking to have Southampton Town purchase the building with community preservation fund money.

Sep 23, 2021
A New Vision for Newtown Lane

Robert Zecher, a real estate developer and the new owner of the building that is home to Mary's Marvelous in East Hampton Village, has a vision to transform that section of the village into an extension of the commercial core with more storefronts and apartments. 

Jul 14, 2021
Lease Ends, but Rich Tenants Won't Leave Water Mill Rental

The owner of a Water Mill house that is on the market for nearly $5 million filed a breach of contract lawsuit against renters who have refused to leave the property after their $10,000-a-month lease ended on May 31.

Jun 24, 2021
East Hampton Point Is Sold

East Hampton Point, the luxury resort and marina on five acres of Three Mile Harbor waterfront, has been purchased for just under $18 million by an investment group led by Heath Freeman, the president of the Alden Global Capital hedge fund and a Montauk resident.

Apr 1, 2021
Refuge Seekers Fuel Boom as Property Prices Surge

The scramble to find a refuge during the pandemic has led to surging home sales and prices, bidding wars, and an ongoing boom in the East End real estate market, according to third-quarter reports from several real estate agencies.

Oct 28, 2020