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New York

Rental market didn’t meet the hype

Million-dollar pads sit empty as more people choose to buy in the Hamptons

The interior of the Sandcastle Estate
The interior of the Sandcastle Estate

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From the July issue: After all the hype around record rental pricing in the Hamptons at the beginning of the season, some property owners who were hoping to bring in the big bucks for their mansions were disappointed. In fact, with a growing number of people choosing to purchase a summer home this year, several rentals hit the discount bin. [more]