The Real Deal New York

Posts Tagged ‘montauk’

  • my montaukFrom the October issue: Cushman & Wakefield’s Bruce Mosler has a reputation for reeling in the big fish when it comes to real estate clients. But he’s also reeled in his share of actual fish off Long Island.

    Now he’s turned his experience and time on the high seas into a photography book, “My Montauk.” [more]

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  • East Deck Motel in Montauk in 1988

    Montauk’s East Deck Motel in 1988

    A group of surfers is trying to preserve a former Montauk surf haven. Over the weekend, about 100 surfers held a peaceful protest — a “paddle out” – to try to save 1950s surfer stronghold East Deck Motel. [more]

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  • Montauk trailer asks $1M

    August 30, 2014 02:00PM
    Montauk Shores and a mobile home asking $1M

    Montauk Shores and a mobile home asking $1M

    A trailer in Montauk Shores, a mobile home park that’s about as far east on the East End of Long Island as you can get, has hit the market asking $1 million. [more]

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  • Montauk

    Montauk is the Empire State’s most expensive place to stay this summer

    Everyone knows that hotels are expensive in Manhattan, but Montauk? [more]

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  • Airbnb mayhem in Montauk

    July 27, 2014 04:00PM
    Ditch Plains Beach in Montauk

    Ditch Plains Beach in Montauk

    WEEKENDEDITION Yet another Airbnb horror story is playing out in Montauk, where renters  terrorized neighbors with massive parties and outdoor sex.

    When John Templeman, a lawyer, rented out his four-bedroom home on South Federal Street on Airbnb for $1,600 a night while he was out of the country he had no idea what was in store. [more]

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  • Oceanfront homes in the Hamptons

    Oceanfront homes in the Hamptons

    The second quarter of the year was a mixed bag for the Hamptons real estate market. Sales activity jumped from a year ago, but total sales volume slumped and the area’s median sales price lifted only slightly.

    While the number of homes sold in all markets jumped 5 percent, total home sales volume fell 12 percent to $782.7 million from $890.1 million, according to a report from Hamptons brokerage Town & Country. [more]

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  • Panoramic View Resort & Residences in Montauk and Adam Manson (inset)

    Panoramic View Resort & Residences in Montauk and Adam Manson (inset)

    Long Island real estate manager Adam Manson pleaded guilty in a $96 million Ponzi scheme Monday, and will be sentenced to up to five years in prison as part of a plea deal. [more]

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  • panoramic-view

    Panoramic View Resort and Residence in Montauk

    An investment fund manager in Old Westbury, N.Y., pleaded guilty to securities and wire fraud yesterday in a $96 million Ponzi scheme case.

    Brian Callahan is expected to receive up to 20 years in prison at his sentencing, slated for August 8. Last year, he was hit with an indictment for raising more than $118 million from 40 investors over a six-year period. [more]

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  • 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. [more]

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  • An aerial view of Montauk and Bill O'Reilly

    An aerial view of Montauk and Bill O’Reilly

    Outspoken conservative and Fox News host Bill O’Reilly has bought an oceanfront property in Montauk, on Long Island, which was last listed for $8.5 million, and plans to build a mansion on the site. [more]

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  • An aerial shot of Napeague

    An aerial shot of Napeague

    Suffolk County is laughing all the way to the bank after a bidding war between two Manhattan financiers brought $120,000 for a foot-wide strip of land that it only wanted 10 bucks for. Marc Helie of Chevalier Investments and Kyle Cruz of Centerbridge Partners both wanted the land because it would give them exclusive right-of-way to their oceanfront properties in the town of Napeague.

    Helie and Cruz each initially bid $1,500 but then kept one-upping the other, raising the price 34 times on the strip, which runs from Montauk Highway to the ocean. Helie eventually prevailed, Newsday reported. [more]

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  • 211 Lily Pond Lane in East Hampton

    211 Lily Pond Lane in East Hampton

    Regulators are mulling a bill that would make it harder for East Hampton homeowners to rent out their homes to large groups of unrelated people.

    The bill would require homeowners to disclose a rental, along with the number of bedrooms and square footage of the homes, according to a draft proposal. The hope is that town officials can better enforce rules that restrict the number of unrelated people living in a rented home to four. [more]

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  • The Panoramic View resort in Montauk

    The Panoramic View resort in Montauk

    The owners of the Panoramic View Resort & Residences in Montauk have been charged with funneling cash through the waterfront resort property as part of a $100 million Ponzi scheme, Patch reported.

    The U.S. Attorney’s Eastern District office accused Hamptons real estate developer Adam Manson and investment fund manager Brian Callahan with 24 counts related to securities fraud and wire fraud. Both defendants pleaded not guilty. [more]

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  • Hamptons

    An aerial shot of the Hamptons

    The lingering effects of Hurricane Sandy dealt a blow to Hamptons residential prices, according to the most recent quarterly market report from East End brokerage Town & Country Real Estate. [more]

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  • Amagansett

    Brokers and landlords hoping to kickstart this season’s leasing activity in the Hamptons are seeing renters showing a preference for spots further east, the New York Post reported. [more]

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  • The hopping Hamptons

    June 12, 2012 10:30AM


    Surf Lodge

    From the June issue: When beachgoers and socialites head out to the Hamptons this season, they will be greeted by a collection of trendy new restaurants and hot spots. After several years of relative quiet, the East End has seen a flurry of commercial real estate activity in the last few months, with several prominent properties trading hands. As The Real Deal and others have reported, the deal-making has been hottest in Montauk, where three-decade-old venues are undergoing face-lifts and the much-hyped Surf Lodge is under new management. [more]

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  • Hamptons chic spreads east to Montauk

    April 27, 2012 09:00AM

    From left: crowds outside the Sloppy Tuna and the Surf Lodge in Montauk

    The Hamptons’ posh tentacles are stretching eastward, according to the Wall Street Journal, as once low-key Montauk is seeing continued growth in bars and night life. More than a dozen businesses have changed hands since last summer, as new owners look to revamp properties into destinations for the type of clientele typical of the Hamptons. It’s analogous to Manhattan’s gentrification spreading to the far reaches of the five boroughs. [more]

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  • The Surf Lodge in Montauk, N.Y.

    The end seems near for the ongoing saga at Montauk hotspot the Surf Lodge, the East Hampton Daily Star reported. On Monday, an attorney for the ownership group Edgemere Montauk LLC made a motion to dismiss the charges, which the Daily Star lists as now totaling 687. Robert Connelly, representing the city of East Hampton “conceded that a partial dismissal could facilitate a settlement,” the Star said. [more]

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  • The Surf Lodge

    The Surf Lodge restaurant and hotel was granted another adjournment for a court case focusing on the Montauk spot’s nearly 700 code violations, East Hampton Patch reported. There is now a new attorney on board to defend the restaurant.

    “Motions, if filed, will be before April 16,” said Justice Catherine Cahill. [more]

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  • Judi Desiderio, CEO of Town & Country, and Kathleen Beckmann’s office

    Town & Country has acquired local Montauk brokerage Kathleen Beckmann Real Estate for an undisclosed amount, Town & Country announced today. Kathleen Beckmann Real Estate owner Kathleen Beckmann will join Town & County brokerage as of tomorrow, bringing with her three other brokers from her firm.

    “Beckmann had a large portion of the market share of Montauk, even with a small amount of people,” Town & Country CEO Judi Desiderio said of her decision to acquire the company. Town & Country has eight Hamptons offices in total, including in North Sea Harbor, Bridgehampton and East Hampton.  … [more]

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