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Gosman’s Goes for $34.4 Mil

Thu, 12/05/2024 - 12:13
Durell Godfrey

Stephen Deckoff, the billionaire founder of the private equity firm Black Diamond Capital Management, and his son, Stephen E. Deckoff, are no longer simply longtime visitors to Montauk aboard their yacht. They are officially the new owners of Gosman’s Dock and several surrounding properties, acquiring the set for just over $34.35 million in October.

The elder Mr. Deckoff confirmed in a Nov. 5 interview with The New York Post that he and his son are the buyers of the dock and restaurant complex, which was owned by the Gosman family for 81 years.

The Post reported that the dock “will reopen next April for the season without any major changes, with renovations slated to begin after the summer crowds depart.”

The Gosman family first put the property on the market in 2006 with an asking price of $55 million.

According to property records on file with the Suffolk County Clerk’s office, the Deckoffs’ eventual $34.35 million deal included nine parcels of land each purchased through a separate limited liability company. In addition to the restaurant and fish market, there is also staff housing, a large parking lot, the marina and fish charter facilities, a boat rental site, and vacant land.

Among those parcels, the building housing Gosman’s Restaurant at 500 West Lake Drive closed for $13.1 million; the fish market and area adjacent to the clam bar, for $13,763,978; and the parking lot adjacent to the dock and shopping area, $791,437.

Records on file with the New York Department of State show the Deckoffs’ L.L.C.s were created on Sept. 10 and are headquartered at the same address in New York City. The closing date on all nine parcels was Oct. 21.

The sale, according to The Post, includes “an option to build a 46-room hotel.” In a recent post on its Instagram page, Gosman’s Fish Market assured customers, vendors, and all others who rely on its fish market that it will remain open.

“Our wholesale and retail operations will continue and will do so with the same people,” The Post said. “Asa and Bryan [Gosman] are still at the head of the ship with too much inertia to cease.”

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Slow Start at New Gosman’s

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