The Real Deal New York

Hamptons Cheat Sheet: East Hampton drags its feet on rent laws, winter is the new summer on the South Fork … & more

November 30, 2016 04:30PM
By Cathaleen Chen

Alec Baldwin, Leslie Crocker Snyder and the house at 137 Fowl Street (Credit: Getty, Douglas Elliman)

Alec Baldwin, Leslie Crocker Snyder and the Water Mill South house at 370 Fowler Street (Credit: Getty, Douglas Elliman)

East Hampton still chewing over affordable rental law

The East Hampton Town Board will hold a second public hearing Thursday to consider an updated bill that would allow homeowners to build and rent affordable apartments in their backyards. Initially proposed in September, the measure now stipulates that only lots 40,000 square feet or larger could qualify for a detached apartment structure, after residents voiced concern in the previous hearing about consequences of increased densities. Proponents say the law would add to the town’s lacking affordable housing supply, though it’s unlikely many homeowners will be stirred to act. [27East]

SiriusXM media director relists Water Mill estate at a $6M discount

Broadcast this: SiriusXM and Virgin media director James Mooney is asking $29 million for his 9,500-square-foot Water Mill South house. That’s down $6 million from its original listing price in 2014, the New York Post reported. With five bedrooms and five bathrooms, the oceanfront property at 370 Fowler Street also features an eat-in chef’s kitchen, living room with fireplace, covered porch, multiple terraces and indoor/outdoor entertaining areas. Douglas Elliman’s TRData LogoTINY Erica Grossman, Raymond Smith, James Alesi and Hayley Vecchio have the listing. [NYP]

Two-time Manhattan DA contender sells Southampton home for $14M

Too late for objections — former New York prosecutor and judge Leslie Crocker Snyder sold her residence in Southampton for $14 million. There’s no reasonable doubt, according to 27East, that it was the biggest deal of the week. The 2.3-acre compound at 1400 Meadow Lane contains a four-bedroom house and a large oceanfront deck. Snyder, who owned the property with husband Fredric Snyder, a pediatrician and artist, unsuccessfully ran twice for Manhattan District Attorney, in 2005 and 2009. The home’s new owner, of course, is 1400 Meadow Lane LLC. [27East]

Celebs spotted left and right in the Hamptons

Winter in the Hamptons is apparently the new summer in the Hamptons, according to a New York Post report. Steven Spielberg was sighted catching a movie in East Hampton with godson Jake Paltrow (brother of Gwyneth) during Thanksgiving break, while Trump fanboys Rudy Giuliani and Carl Icahn were also in town for dinner events. Meanwhile, Alec Baldwin and George Stephanopoulos got their flag football game on at the annual Hamptons Turkey Bowl, hosted by Mariska Hargitay and her husband. [NYP]

East Hampton residents don’t see eye-to-eye on proposed zoning change

East Hampton Town residents are still scratching their heads over a measure that would reduce the house-to-lot ratio for new construction. “Let’s stop trying to restrict the size of housing and the attractiveness of the area to people,” Jeffrey Freireich, the head of the East Hampton Business Alliance, said at the town board hearing Thursday, East Hampton Star reported. Others disagreed. “I believe it should be more far-reaching,” said East Hampton resident and Brown Harris Stevens broker Ed Geus. “You must keep pushing as hard as possible to keep it the town we know and love.” The proposed law would limit the size of a residence to be 10 percent of the lot plus 1,600 square feet, with a maximum size of 20,000 square feet. Current code restricts building to 12 percent of the lot, plus 1,600 square feet. [EHS]

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