The Real Deal New York

Hamptons Cheat Sheet: The top brokers of the East End, Hamptons’ largest listing hits the market … & more

By Cathaleen Chen | July 12, 2017 06:10PM

Cody and Zachary Vichinsky, and Summerhouse at 6 Olde Town

The top brokers of the East End

Hint: They go for price, not quantity. Zachary and Cody Vichinsky, co-founders of Bespoke Real Estate, took the cake this year in The Real Deal’s ranking of top East End brokers. With nearly $1 billion in exclusive listings, the duo focuses on the very top of the market — $10 million and up, they told TRD. On the ranking of sales volume, the brothers are followed by Susan Breitenbach of the Corcoran Group with about $571.5 million in sales, and Timothy Davis, also of Corcoran, with $526.5 million. Corcoran was the top East End brokerage this year, followed by Douglas Elliman and Sotheby’s International realty. Read the fulling ranking here. [TRD]

Hamptons’ largest listing hits the market for $35M

In the Hamptons, size certainly matters. And Summerhouse, a 23,000-square-foot spec mansion in Southampton, dethroned the 22,000-square-foot $145 million La Dune as the biggest home for sale in the Hamptons when it hit the market last week. Recently completed by Kean Development, the home at 6 Olde Town has nine bedrooms, nine full bathrooms, four half-baths, a chef’s kitchen, media room, library, gym, and basketball court. Harald Grant of Sotheby’s International Realty has the listing. [Curbed]

Retail heats up in Southampton

The influx of new retail tenants in Southampton points to a positive turn for the market, according to TRD’s analysis of a retail revival in the town. Online Furniture Store One Kings Lane, for instance, opened its first ever brick-and-mortar location in 19th century-era Rogers Memorial Library for the summer season. Jewelry chain Kendra Scott is also leasing a space, this time on Main Street, where rents average about $140 to $150 per square foot. “I think this year is definitely a turn in a positive direction compared to last year,” said Sabre Real Estate Group broker Stephanie Zulic. “Last year it seemed like a lot of the retailers wanted Champagne on a beer budget, and they didn’t want to pay what the landlords were asking.” [TRD]

Harry Macklowe buys East Hamptons love nest for $10.6M

The Park Avenue pad in which Harry Macklowe hid his mistress-turned fiancée wasn’t shabby, but the lovebirds are ready for an upgrade. The billionaire developer plopped down $10.6 million for a 2.7-acre spread, which includes a pool and several hundred feet of frontage on Georgica Pond, the New York Post reported. The four-bedroom home at 64 West End Road spans 5,500 square feet. [LLNYC]

Hamptons hotels, by the numbers

As the Hamptons hotel market reaches its annual peak this summer, TRD examined
some fascinating numbers for the industry. For instance, an estimated 8,918 hotel rooms were available in Suffolk County as of April. Montauk’s Surf Lodge has been open 50 years and 23 million is the staggering amount the  Beechwood Organization paid for the Village Latch Inn in Southampton last year.See the full feature here. [TRD]

CBRE’s Stephen Siegel buys second home in Sag Harbor for $2M

CBRE global brokerage chairman Stephen Siegel increased his holdings on Shaw Road, where he now owns two homes across the street from one another. His latest purchase, at 20 Shaw Road, sits on an acre and spans 1,644 square feet. It has three bedrooms and two bathrooms — a much smaller space compared to his seven-bedroom, 7.5-bath home at 25 Shaw Road, which he acquired for $13.7 million in 2010. [27East]

Patriots owner and Trump chum spent $90K for four days in Water Mill

Robert Kraft, owner of the New England Patriots and a friend of Donald Trump, seems to take Independence Day very seriously. The billionaire recently spent $90,000 on a four-day rental of 47 Crescent Avenue in Water Mill — a 8,600-square-foot, 10-bedroom abode just down the street from the home of Blackstone Group CEO Stephen Schwarzman. The home, designed by the Farrell Building Company, is for sale for just under $16 million. Douglas Elliman’s Andrew Azoulay and Luke Whitman have the listing. [NYP]