The Real Deal New York

Summer rental bargains in the Hamptons hard to find

Landlords with the upper hand this year, say brokers

February 13, 2014 11:30AM

southampton-village

Southampton Village home asking $650,000 to rent

Although prices have not soared, Hamptons rentals appear to be heating up. And bargains are scarce, as it is a landlord’s market in the year ahead, according to brokers.

The eastern section of the Hamptons, including Amagansett and Montauk, has grown increasingly trendy for renters, said Susan Green of Sotheby’s International Realty.

“There’s very little negotiability,” Ernest Cervi, executive managing director of the Corcoran Group, told the New York Post. “One of my agents came in exhausted and said that their client missed two houses. I said, ‘Third time’s the charm!’”

The number of homes sold in the Hamptons for the fourth quarter jumped to 432 from 356 during the same period the previous year — a 21 percent increase, as previously reported. [NYP]Mark Maurer

  • noclist

    Income from summer rentals is awesome out east.

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