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Real Estate

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
In Sag Harbor, a House of Stories Is Between Chapters

That the former Morpurgo house, a.k.a. the Captain John Hulbert house, hadn't been sold yet amid the pandemic was serendipitous for its owners, Max and Michelle Breskin, who, with their three children, are its first legal occupants in many years. Once a wreck, now tip-top after a major restoration completed by Breskin Development, it is on the market for just under $6.5 million.

Oct 15, 2020
Amagansett Mainstay Leaves Main Street

The Hamptons Realty Group, a fixture on Main Street in Amagansett since 1984, rolled up its signature red awning and vacated the space it has long occupied this week. The firm is still very much alive and prospering, said its owner Htun Han, but the pandemic has changed the way it is doing business.

Oct 1, 2020
Surging Home Sales Fuel Record Income for Preservation Fund

The Peconic Bay Community Preservation Fund reported $45.43 million in revenues through May of this year, the highest five-month total in the fund's 22-year history. The money comes from a 2-percent transfer tax on real estate sales and provides money for land preservation, water quality improvement, and the protection of maritime heritage.

Jul 3, 2020
Urban Exodus Drives Boom in Hamptons Real Estate Market

At the onset of the pandemic in early spring, a mad dash of New York City residents seeking an East End refuge led to a surge in rentals, which depleted inventory of all but the most expensive properties. Given what landlords were asking per month, people began to think, "For that money I could carry this house for a year. . . . When we hit that tipping point, the flood gates opened."

Jul 2, 2020
East End Rental Market Is Booming

Using Airbnb is out, enlisting a savvy broker is in. Short-term bookings are out, long-term stays are in. Standard leases are out, customized ones with Covid-19 riders are in.

May 14, 2020