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Real Estate

Potter Project in Question as Sag Harbor Parcels Hit Market

Three of the buildings that comprise Adam Potter's 11 Bridge Street Limited Liability Company in Sag Harbor — 23 Bridge Street, 12 Rose Street, and 8 Rose Street — hit the real estate market this week, raising the question of whether his plan for a large, mixed-use building there is dead.

Feb 9, 2024
Real Estate Sales Suffer, But Rentals Are Robust

When the word “suffered” ends up in a year-end real estate home-sales report, you know it can’t be good. And while Judi Desiderio, the C.E.O. and president of Town and Country Real Estate, said “the worst is yet to come,” the rental market is showing strength, and the stock market is hitting new highs.

Jan 25, 2024
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.

Apr 6, 2023
Amagansett Main Street Is in Flux

Lacking 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.

Feb 16, 2023
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